Kevin O’Leary is not buying AI stocks. He is investing in the electricity that powers them.
The Shark Tank investor, known as “Mr. Wonderful,” has taken an early position in Bitzero Holdings Inc. He describes the Canadian company, which builds sustainable data centers, as a “power real estate company.”
Bitzero’s shares began trading on Nasdaq under the ticker AIBZ in June 2026. The company has secured long-term electricity contracts in places like Norway and Finland at rates between 4 and 6 cents per kilowatt-hour.
In May 2026, Bitzero signed a 15-year lease with OneQode Networks for 110 megawatts of power capacity at its site in Norway. That deal is projected to generate roughly $2.6 billion in revenue over its term.
The company has raised over $100 million in private funding and claims more than 1 gigawatt of scalable power capacity. It is marketing AI-ready data centers in Nordic regions.
The move highlights a strategic shift. Both Bitcoin mining and AI computing require massive power, but AI workloads often pay better per megawatt-hour. The International Energy Agency projects data center power demand could double by 2030.
O’Leary, once a vocal crypto skeptic, now calls Bitzero a core infrastructure holding. His pivot signals where institutional investors see the next major opportunity.