UPDATE: VivoPower To Acquire 40MW+ Hydropowered Norway Data Center In ~$40M Deal; Exclusive Heads Of Agreement In Place For Acquisition To Be Funded Through A Combination Of Deferred Vendor Finance And A Convertible Preference Share Tranche With $6.80 Conversion Price

Transaction anticipated to be highly accretive at an indicative 4X Proforma EBITDA with an implied valuation of ~$40 Million

Exclusive heads of agreement in place for acquisition to be funded through a combination of deferred vendor finance and a convertible preference share tranche with $6.80 conversion price

Acquisition expected to return VivoPower to group-level profitable status post-closing

AI readiness of the site attributable to already energized hydropower with a very low cost at sub $0.035/kWh

LONDON, UK / OSLO, NORWAY, Dec. 30, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ:VVPR) ("VivoPower" or the "Company"), a leading B Corp-certified global sustainable energy solutions group, is pleased to announce the execution of an exclusive heads of agreement to acquire an energized and operational 40MW+ data center infrastructure facility in Norway powered by 100% renewable hydroelectric energy.

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.

The convertible preference shares are expected to have a conversion price of $6.80 and PIK coupon of 6% per annum and should the transaction proceed, will be issued conditional upon VivoPower shareholder approval at a general meeting to be held in January 2026. This transaction is expected to close in January 2026.