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Gate Square New & Returning Creator Rewards are ongoing!
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XRP-focused VivoPower set to acquire Norway data center as it expands into AI infrastructure
Source: CryptoNewsNet Original Title: XRP-focused VivoPower set to acquire Norway data center as it expands into AI infrastructure Original Link: https://cryptonews.net/news/finance/32208881/ VivoPower, an XRP-focused digital asset enterprise, announced that it has secured an exclusive deal to purchase a 40MW+ Norwegian data center, with plans to transition the site from blockchain compute to AI workloads.
Pending shareholder approval, the acquisition, valued at approximately $40 million, is projected to add $10 million to VivoPower’s pro forma EBITDA and render the company profitable at the group level. The acquisition emphasizes the site’s renewable energy utilization from hydropower.
The facility, with a potential expansion to 80MW by 2026, will transition from hosting blockchain operations to becoming a Sovereign AI Hub aimed at supporting carbon-neutral compute for Large Language Models (LLM) training and inference.
VivoPower recently entered into a partnership with Lean Ventures to form a joint venture, Vivo Federation, to purchase $300 million in Ripple Labs shares. Vivo Federation will manage the acquisition and administration of the shares and has already been approved by Ripple Labs for an initial preferred share purchase.