VivoPower acquires 40 MW datacenter in Norway for Sovereign AI computing
VivoPower International PLC (NASDAQ: VVPR) (“VivoPower” or the “Company”), a leading B Corp-certified global sustainable energy solutions group, which in May 2025, sold 20,000,000 of its shares at the price of $6.05 per share for a capital raise, in a private offering spearheaded by Saudi Arabian Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman of Eleventh Holding Company in Saudi Arabia with participation from a number of other prominent digital asset industry investors, institutions, as well as the investment office of VivoPower Chairman, Kevin Chin, has acquired an energized and operational 40 MW data center infrastructure facility in Norway powered by 100% renewable hydroelectric energy.
Vivo Federation is the digital asset arm of VivoPower focused on XRPL based real world blockchain applications and maintaining exposure to Ripple Labs shares and XRP tokens. Across Tembo, Caret Digital and Vivo Federation, VivoPower has assembled a differentiated platform spanning power, mobility, compute and digital infrastructure, which the Company is now aligning behind its highest-return Power-to-X opportunity: Sovereign AI computing. Caret Digital is a power-to-x business focused “on the highest and best use cases for renewable power, including digital asset mining.”
VivoPower is believed to be the first publicly listed company in the world to launch an XRP-focused digital asset treasury strategy that also encompasses the contribution to building out the XRPL ecosystem for real-world decentralized finance blockchain solutions.
In May 2025, His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, noted “We have been investors in the digital asset sector for a decade and have been long-term holders of XRP. After reviewing a number of listed vehicles seeking to embrace a digital asset treasury model, we selected VivoPower given its strategic focus on XRP and its objective to contribute to building out of the XRPL ecosystem. Furthermore, we are committed to the long-term partnership objective that we share with Kevin Chin and his team. We are honored to be leading this capital raising for a company that will be the first in the world executing on an XRP-focused treasury strategy. Having met with President Trump and his leadership group during their recent visit to Saudi Arabia, we believe the timing is appropriate for digital assets and blockchain technology to be rolled out in the Kingdom and we are delighted to be assisting VivoPower in this regard.”
The recent acquisition with 40MW+ of operational energized capacity and an additional 40MW earmarked for potential approval in 2026, the facility is expected to serve as a strategic foundation platform for VivoPower’s Power-to-X strategy under the banner of Caret Digital.
With high-density hydropower access at a cost below $0.035/kWh, a climate-advantaged Nordic location, and a 50-year land lease in place, VivoPower’s intention is to ultimately repurpose the facility from its current blockchain compute co-hosting business model into a Sovereign AI Hub. This transition will support Large Language Model (LLM) training and inference for local and global enterprise clients seeking carbon-neutral compute.
Prior to this Crypto.com and VivoPower International PLC (NASDAQ: VVPR, “VivoPower”) announced that VivoPower selected Crypto.com to be a strategic partner to provide custodial support for the expansion of its digital asset treasury holdings strategy, as well as with regards to Caret’s digital asset mining strategy.
