{"id":953341,"date":"2026-04-21T09:00:33","date_gmt":"2026-04-21T13:00:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vivopower-becomes-ebitda-profitable-31-million-revenue-10-million-ebitda-from-completion-of-norway-data-center-acquisition\/"},"modified":"2026-04-21T09:00:33","modified_gmt":"2026-04-21T13:00:33","slug":"vivopower-becomes-ebitda-profitable-31-million-revenue-10-million-ebitda-from-completion-of-norway-data-center-acquisition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vivopower-becomes-ebitda-profitable-31-million-revenue-10-million-ebitda-from-completion-of-norway-data-center-acquisition\/","title":{"rendered":"VivoPower Becomes EBITDA Profitable: $31 Million Revenue, $10 Million EBITDA From Completion of Norway Data Center Acquisition"},"content":{"rendered":"
\n

\n Transaction closed and fully funded for the $41 million acquisition, with no additional public equity raising required for the transaction<\/i>\n <\/p>\n

\n Company expects to achieve immediate group-level EBITDA profitability on a pro forma basis \u2014 a step change transformation from pre-acquisition levels<\/i>\n <\/p>\n

\n Facility capacity confirmed at 41.5MW with an additional 40MW expansion subject to regulatory approval, providing a pathway to over 80MW<\/i>\n <\/p>\n

\n LONDON, UK \/ OSLO, NORWAY, April 21, 2026 (GLOBE NEWSWIRE) — <\/strong>
\n VivoPower PLC<\/a> (NASDAQ: VIVO) (\u201cVivoPower\u201d or the \u201cCompany\u201d), a B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, today announced the\u00a0closing of the transaction to acquire certain operating subsidiaries of Cowa<\/a>, which collectively own and operate an energized and operational 41.5MW data center infrastructure facility in the Moi i Rana industrial precinct in Norway, powered by 100% renewable hydroelectric energy.<\/p>\n

The transaction, first announced on December 30, 2025<\/a>, has now closed following receipt of all necessary approvals. The acquisition is now fully completed.<\/p>\n

\n Financial Impact<\/b>\n <\/p>\n

The table below summarizes the key financial metrics of VivoPower pre-acquisition as well as the contribution from the acquisition:<\/p>\n\n\n\n\n\n
\n Metric<\/b>\n <\/td>\n\n Pre-Acquisition (1) <\/b>\n <\/td>\n\n Acquisition (2)<\/b>\n <\/td>\n<\/tr>\n
Pro forma revenue (per annum)<\/td>\n$0.1M<\/td>\n$31M<\/td>\n<\/tr>\n
Pro forma EBITDA (per annum)<\/td>\n$(8.2M)*<\/td>\n$10.0M*<\/td>\n<\/tr>\n
EBITDA-positive run rate<\/td>\nNo<\/td>\nYes<\/td>\n<\/tr>\n<\/table>\n

\n
(1) Represents figures from the 20-F Annual Report for the financial year ended 30 June 2025<\/i><\/p>\n

(2) Represents annualized contribution from Norway acquisition <\/i><\/p>\n

(3) The table above is to be interpreted with reference to Note 3 below (which provides details in relation to the overhead allocation attributable to Tembo)<\/i><\/p>\n

Annualized revenues from the acquired operations are approximately US$31 million, derived from contracted infrastructure and hosting arrangements, based on the data center\u2019s historical financial records. The pro forma EBITDA contribution of approximately US$10 million per annum reflects stabilized infrastructure operations prior to any AI compute optimization. VivoPower is in discussions on AI computing use cases with potential tenants.<\/p>\n

\n Asset Overview<\/b>\n <\/p>\n

The facility currently operates at 41.5MW of fully energized capacity, powered by 100% renewable hydroelectric energy at a cost below US$0.035\/kWh. An additional 40MW of expansion capacity is subject to regulatory approval, which would bring the total site capacity to over 80MW.<\/p>\n

The site\u2019s low-cost hydropower, cold-climate Nordic location in the Mo i Rana industrial precinct and high-density power availability position it for efficient repurposing into higher-value AI compute applications.<\/p>\n

\n Progress Report<\/b>\n <\/p>\n

Since the announcement of the exclusive heads of agreement on December 30, 2025, VivoPower has:<\/p>\n