Mr. Mohammed Bakhashwain reports

BITZERO HOLDINGS INC. ACCELERATES 70MW POWER EXPANSION PLANS AT NORWAY SITE AND ANNOUNCES FSE LISTING

The next phase of Bitzero Holdings Inc.'s previously disclosed expansion program is under way at the company's flagship data centre site in Namsskogan, Norway. This expansion phase contemplates an additional 70 megawatts of installed capacity, which, if completed as planned, is expected to increase total site capacity to approximately 110 MW by September, 2026, supplied entirely by hydroelectric energy and nearly tripling the site's power consumption.

Power expansion

As part of the project, Bitzero plans to expand and operate an internal grid at the 132-kilovolt level to enhance operational autonomy. The increased capacity is also expected to grow the site's exahash to approximately 7.0 EH/s, a significant step toward bringing Bitzero in line with some of the largest public miners in the industry. Simultaneously, it will significantly cut Bitzero's mining cost per Bitcoin, further reducing its already low breakeven point and boosting revenue by three to four times, based on management's internal projections, however, actual outcomes will depend on a range of factors, including network difficulty, equipment performance, power availability and cost. The company has ordered two high-voltage 60 MVA substations, commenced site preparation and initiated procurement of certain long-lead equipment in order to align with targeted delivery schedules and construction timelines.

"With the two high-voltage 60 MVA substations ordered and delivery expected in the spring, crews have begun prepping the site, and we've already procured the other long-lead time equipment required to accelerate the timeline," said Bitzero's president and chief executive officer, Mohammed Bakhashwain. "Coming quickly on the heels of our Canadian Securities Exchange listing, this milestone is proof that we're on track to meet or beat our growth targets, enhancing our market position and driving shareholder value."

The Namsskogan site currently operates 40 MW of capacity across 39 containers under favourable energy contracts, with an electricity cost of under four U.S. cents per kWh (kilowatt-hour). Bitzero's cost-effective, high-efficiency operation is a result of its unique approach to developing and leveraging renewable energy.

"I've said from the beginning that focusing on infrastructure investment is the smart move when it comes to high performance computing -- that an asset first strategy is the best way to capture maximum value, secure growth and minimize volatility," said high-profile Bitzero investor and world-renowned venture capitalist Kevin O'Leary. "Bitzero's 100-per-cent renewable energy supply not only makes it more sustainable, economical and community friendly, but also a superior investment, in my opinion."

German listing

The company is also pleased to announce that the company's voting shares have been accepted for listing on the Frankfurt Stock Exchange (the FSE) and commenced trading on Dec. 8, 2025, under the symbol 000. The company's voting shares are now cross-listed for trading on the Canadian Securities Exchange (CSE) and the FSE.

The FSE is one of the world's largest and most liquid trading venues, providing access to a wide base of institutional and retail investors across Europe. The listing marks an important step in expanding the company's market visibility and strengthening its international presence. By listing on the FSE, the company expects to increase trading liquidity and broaden engagement with global investors.

About Bitzero Holdings Inc.

Bitzero Holdings is a provider of IT energy infrastructure and high-efficiency power for data centres. The company focuses on data centre development, bitcoin mining and obtaining strategic data centre hosting partnerships. Bitzero Holdings now has four data centre locations in the North American and Scandinavian regions, powered by clean, low-carbon energy sources.

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