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GlobeNewswire·

VivoPower to Add $10 Million Proforma EBITDA from Proposed Acquisition of 40MW+ Energized Norway Data Center Ready for Sovereign AI Pivot

  • VivoPower International PLC has executed an exclusive heads of agreement to acquire a 40MW+ operational data center facility in Norway powered by 100% renewable hydropower.
  • The transaction is anticipated to be highly accretive with an indicative 4X proforma EBITDA & an implied valuation of approximately $40 million.
  • Funding will be structured through deferred vendor finance & a convertible preference share tranche with a $6.80 conversion price & 6% PIK coupon.
  • Closing is expected in January 2026, subject to shareholder approval at a general meeting.
  • The facility features low energy costs below $0.035/kWh & a 50-year land lease, supporting a transition from blockchain compute to a Sovereign AI Hub for LLM training & inference.
  • An additional 40MW is earmarked for potential approval in 2026, serving as a strategic foundation for the Caret Digital Power-to-X strategy.
  • The acquisition is expected to return VivoPower to group-level profitable status post-closing.