Data center and cryptomine firm Bitzero has broken ground on a data center campus in Finland.

The firm, which is backed by Shark Tank star Kevin O’Leary, this week announced it has begun Phase I development at its nearly 100-hectare data center site in Kokemäki, Finland.

Around 15-hectares of the site have been acquired, with the remaining under option for future expansion. The Finland site, first acquired in January 2025, is poised to be Bitzero’s single largest data center campus.

The site could reach 1GW at full build-out, powered by a mix of hydro-electric, nuclear, solar and wind energy.

“This site provides the space and power capacity we need to achieve our aggressive growth plans and deliver green compute power at scale, including the ability to host large, hyperscale AI, cloud, and Bitcoin workloads,” said Bitzero president and CEO, Mohammed Bakhashwain.

Bitzero says it develops “ESG-focused infrastructure and sustainable power for high-performance computing and blockchain activities,” and like many crypto firms, is looking to expand its HPC offering to cater to the demands of hyperscalers running AI workloads.

Founded in 2021, the Vancouver-based company operates data centers around the world, and claims to select locations based on their cool climate so as to cut the carbon footprint of its servers. The firm recently joined the Canadian Securities Exchange.

Its Norway 1 facility, in Namsskogan, Norway, offers 40MW capacity across 14,000 cryptomining rigs. Bitzero says this is currently being expanded to 110MW and potential to reach 325MW. It has also leased a 5MW site in nearby Røyrvik, known as Norway 2.

In North Dakota, US, the company purchased a former missile base, the Stanley R. Mickelsen Safeguard Complex at Nekoma, commonly known as “The Pyramid,” in 2022, and now runs a 2.5MW data center on the site, with 30MW of capacity “prepped for rapid deployment.” The 184-acre site could eventually offer up to 300MW, and Bitzero believes it is ideal “for hyperscale compute and sensitive data storage.”

According to the company, it has attracted over $100 million in private funding from backers, including O’Leary, who is also known as Mr. Wonderful.

“Unlike most competitors, Bitzero’s asset-first model is a rare competitive advantage that drives efficiency and scalability, backed by real assets and resources,” said O’Leary. “Because they own the infrastructure and aren’t dependent on leases or oversaturated power grids, Bitzero is more agile, profitable, and better positioned for long-term value.”