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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InVivoPower PLC has finalized the acquisition of AI infrastructure assets in Norway, marking its first major transaction since pivoting its corporate strategy. The newly acquired assets provide an immediate operational capacity of 42MW, with an additional 40MW available for future development. This move aligns with the NASDAQ-listed company's objective to establish a strong footprint in the high-capacity data and energy asset sectors. Chief Investment Officer Alex Cuppage stated that the deal represents a critical milestone in the company's transition toward AI infrastructure. By securing these assets, VivoPower aims to capitalize on the surging demand for AI-driven data processing and energy solutions. The acquisition is expected to bolster the company's long-term revenue prospects and validate its recent strategic shift.