Kevin O’Leary isn’t buying AI stocks. He’s buying the electricity that AI needs to exist.
The Shark Tank investor, better known as “Mr. Wonderful,” has taken an early position in Bitzero Holdings Inc., a Canadian company that builds sustainable data centers for Bitcoin mining and high-performance computing. O’Leary calls Bitzero a “power real estate company,” not a crypto play, not a software bet.
Bitzero’s common shares started trading on Nasdaq under the ticker AIBZ on June 9, 2026. The company also lists on the Canadian Securities Exchange as BITZ.U, having exited OTCQB trading entirely.
The numbers behind O’Leary’s conviction
The company has secured long-term electricity contracts at rates between 4 and 6 cents per kWh in jurisdictions like Norway, Finland, and North Dakota.
On the demand side, Bitzero signed a 15-year lease on May 5, 2026, with OneQode Networks for 110 megawatts of power capacity at its Namsskogan site in Norway. That single deal is projected to generate around $2.6 billion in revenue over its lifetime.
The company has raised over $100 million in private funding prior to going public and now claims more than 1 gigawatt of scalable power capacity across its operations.
O’Leary describes Bitzero as one of his core infrastructure holdings for crypto exposure.
Why the Bitcoin-to-AI pivot matters
Both Bitcoin mining and AI computing require massive power draw, cooling systems, and low-latency connectivity. AI workloads tend to pay better per megawatt-hour than Bitcoin mining, especially when Bitcoin’s price isn’t surging.
Norway and Finland offer hydroelectric and wind power that’s both cheap and genuinely renewable. Bitzero is also actively developing relationships with CBRE and Hydra Host to market AI-ready data centers across Nordic regions.
What this means for investors
O’Leary was once famously skeptical of crypto, calling Bitcoin “garbage” on national television. His evolution from crypto skeptic to infrastructure bull tells its own story about where the smart money sees opportunity shifting.
The International Energy Agency has projected that data center power demand could double by 2030.
The $2.6 billion revenue projection from the OneQode partnership, if it materializes over the full 15-year term, involves assumptions about power prices, technology shifts, and counterparty risk that could look very different in year seven.
Core Scientific recently secured a multi-billion-dollar AI hosting deal with CoreWeave. Hut 8 has been expanding its AI-focused capacity. Applied Digital is building massive data centers for AI workloads.