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VivoPower shortlists AI tenants for Norwegian data center, rejecting buyout offers to maximize shareholder value.

Market News
21 May 2026
Proactive Investors
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Bullish
pluang ai news

VivoPower PLC has shortlisted potential AI operator tenants for its Mo i Rana data center in northern Norway after completing its acquisition in April 2026. The company rejected multiple offers to buy all or part of the facility at a premium, choosing instead to lease it to AI operators on long-term contracts to generate higher shareholder value. The data center is powered by 100% renewable hydroelectric energy at very low costs, with expansion capacity planned to increase total power to over 80MW. VivoPower aims to finalize agreements with selected tenants by the end of June 2026.

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