XRP-focused VivoPower set to acquire Norway data center as it expands into AI infrastructure
VivoPower plans to acquire a $40 million, 40MW Norwegian data center to transition it to AI infrastructure supporting carbon-neutral compute.Summary
VivoPower, an enterprise focused on digital assets related to XRP, has secured an exclusive agreement to purchase a 40MW+ data center in Norway for about $40 million. The company intends to shift the facility's operations from blockchain computing to serving as a Sovereign AI Hub, specifically for training and inference of Large Language Models (LLMs) using carbon-neutral compute, leveraging the site's renewable hydropower. This acquisition is expected to contribute an indicative $10 million to VivoPower's pro forma EBITDA and potentially make the group profitable. The facility also has an option for expansion up to 80MW by 2026. This move follows VivoPower's recent partnership with Lean Ventures to form Vivo Federation, aimed at acquiring $300 million in Ripple Labs shares.
(Source：Crypto Briefing)