XRP-focused Vivo Power is set to acquire a Norwegian data center as it expands into AI infrastructure.
Key receivers
VivoPower plans to acquire a 40MW data center in Norway, demonstrating that the site will use renewable energy from hydropower. The acquisition aligns with VivoPower's focus on sustainable energy solutions and is valued at approximately $40 million.
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VivoPower, an XRP-focused digital asset enterprise, announced on Tuesday that it has secured an exclusive deal to purchase a 40MW+ Norwegian data center with plans to shift the site from blockchain computing to AI workloads.
Pending shareholder approval, the approximately $40 million acquisition is projected to add $10 million to VivoPower's pro form EBITDA and make the company profitable as a group.
In the year With the capacity to expand to 80MW by 2026, the facility will transition from carbon-neutral computing to a sovereign AI Hub to host blockchain operations aimed at supporting large-scale linguistic models (LLM) training and understanding.
VivoPower recently partnered with Lean Ventures to form a joint venture called Vivo Federation to buy $300 million in Ripple Labs shares. Vivo Federation will manage the stock purchase and administration and has already been approved for the first preferred stock purchase by Ripple Labs.
