Mr. Mohammed Bakhashwain reports

BITZERO HOLDINGS INC. PROVIDES ENGINEERING UPDATE AT ITS FINLAND AND NORWAY SITES

Bitzero Holdings Inc. has successfully completed its engineering due diligence report covering the expansion of its data centre campus project in Kokemaki, Finland, for up to 520 megawatts, taking into account anticipated advancements in next-generation GPU (graphics processing unit) technologies and density improvements. In parallel, Bitzero is advancing its development at its data centre site in Namsskogan, Norway, to support the growing demand for AI (artificial intelligence) infrastructure, marking key milestones across both projects.

Finland

Bitzero has successfully completed its engineering due diligence report in collaboration with its partner, Red Engineering Design Ltd., a leading data centre engineering organization, to support predesign work for up to 520 megawatts at its data centre site in Kokemaki, Finland, with the initial phase of development expected to be 80 megawatts. Red Engineering recently announced its strategic partnership with Nvidia in designing next-generation Nvidia AI Factories.

"We are now moving into the next phase of engineering focused on building design, which we expect will accelerate our path to market," said Bitzero's founder and chief executive officer, Mohammed Bakhashwain. "We are already seeing strong demand for the site and have begun engaging prospective customers in site diligence, while continuing to advance our design efforts to support efficient project execution."

With a planned capacity of 600 megawatts to 1,000 megawatts, the Kokemaki site is positioned to become one of Europe's largest stand-alone giga-scale facilities, representing a significant market opportunity. The project has an initial phase designed to deploy 80 megawatts of power in the first half of 2027, with a further 400 megawatts to 800 megawatts to follow. A high-voltage 400-kilovolt connection point has been confirmed, supporting scalable expansion, as the company continues to work closely with the local municipality and sees strong support for potential growth toward a full one-gigawatt buildout.

Norway

At its data centre site in Namsskogan, Norway, Bitzero has completed the design for a five-megawatt AI self-hosting GPU cluster and initial designs for two 50-megawatt Tier 3/Tier 4 co-location spaces and is working with Hydra Host to secure a customer for the five megawatts through their global network of enterprise and AI-native customers. Bitzero is planning to design an AI factory to support GB300s in this initial launch.

"We are confident in a 2026 targeted delivery of the initial five-megawatt cluster and are actively advancing both engineering and commercial efforts to secure a committed lease customer for the entire 110-megawatt site," said Bitzero's founder and chief executive officer, Mohammed Bakhashwain.

The company has a confirmed 70 megawatts expected to be energized in Q4 (fourth quarter) 2026 and is already seeing strong market interest in this capacity. The expansion is now being designed to accommodate Tier 3/Tier 4 standards to support AI workloads, positioning the project to capitalize on rapidly growing demand for AI-driven infrastructure.

About Bitzero Holdings Inc.

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

About Red Engineering Design Ltd.

Red Engineering Design is a global consultancy specializing in building services and information and communications technology (ICT) engineering, with a primary focus on data centres and mission-critical facilities. Founded in 2004, the company is part of the Tractebel Group (ENGIE Group) and focuses on sustainable, low-carbon solutions.

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