VivoPower Turns EBITDA-Positive With $41 Million Norway Data Center Acquisition

The latest announcement is out from VivoPower ( (VIVO) ).

On April 21, 2026, VivoPower PLC closed its previously announced acquisition of certain Cowa subsidiaries that own and operate a 41.5MW energized data center facility in the Mo i Rana industrial precinct in Norway, powered entirely by low-cost hydroelectric energy. The $41 million transaction, completed without raising additional public equity, provides an immediate, income-generating asset backed by contracted infrastructure and hosting arrangements.

Based on the facility’s historical performance, VivoPower said the operations are expected to contribute about US$31 million in annualized revenue and roughly US$10 million in pro forma EBITDA, shifting the group from an adjusted EBITDA loss of US$8.2 million in the year to June 30, 2025 to an EBITDA-positive run-rate. The site also offers a potential expansion of an additional 40MW, subject to regulatory approval, and its Nordic location and power density are seen as well suited for repurposing into higher-value AI compute workloads, underscoring VivoPower’s strategy to build a global portfolio of sustainable, energy-backed digital infrastructure.

Since agreeing exclusive heads of terms on December 30, 2025, the company has completed full due diligence, secured regulatory and corporate approvals, funded the acquisition, and begun discussions with potential AI tenants. Management is now shifting focus from deal execution to optimizing the Norwegian asset and leveraging its broader powered land portfolio, a move that could enhance cash generation and strengthen its positioning in the fast-growing AI data center market.

Spark’s Take on VIVO Stock

According to Spark, TipRanks’ AI Analyst, VIVO is a Neutral.

The score is held down primarily by very weak financial performance (persistent losses, negative margins, high leverage, and negative operating/free cash flow). Technical indicators show improving near-term momentum, but valuation remains challenged due to losses and lack of dividend support.

To see Spark’s full report on VIVO stock, click here.

More about VivoPower

VivoPower PLC is a Nasdaq-listed, B Corp-certified developer and owner of powered land and data center infrastructure focused on AI compute applications. Founded in 2014, the company operates assets across Norway, Finland and the United Arab Emirates, targeting sovereign nations that seek sustainable data centers to retain control over power, data and national intelligence.

Its mission is to partner with governments to bridge the gap between domestic energy resources and artificial intelligence ambitions by delivering Power-to-X infrastructure. This positioning places VivoPower at the convergence of renewable energy and high-performance computing, a segment attracting growing investment and strategic interest globally.

Average Trading Volume: 881,187

Technical Sentiment Signal: Hold

Current Market Cap: $44.83M

Learn more about VIVO stock on TipRanks’ Stock Analysis page.