Bitzero inks $2.6B AI lease as power race heats up
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Bitzero has signed a $2.6 billion lease agreement to rent its entire Norway facility to OneQode for 15 years, projecting $178 million in annual revenue at full capacity. This deal highlights a broader industry trend where Bitcoin miners are pivoting to AI infrastructure to secure high-margin, long-term contracts amid surging electricity demand and grid constraints threatening US data center expansion.
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