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Bitzero Holdings Inc. logo
AIBZ$2.73+1.11%

Bitzero Holdings Inc.

Sector: Finance ServicesIndustry: Software - InfrastructureCountry: CAExchange: Nasdaq

Mkt Cap$167.69M
Float & O/S
Inst Own

DilutionScan read 26 of Bitzero Holdings Inc.'s SEC filings and found 6 warrant series, 4 convertibles, 1 shelf registration and 1 completed offering on file for AIBZ. The latest dilution event on file is a warrant issuance on Sep 15, 2026. Analysis updated Oct 6, 2026.

Signal8 Summary

38h old

AIBZ

Cash shortfall, extreme volatility, dilution overhang

Business
WeakNet loss $17.6M vs $26.5M revenue, FCF -$47.1M, cash $2.5M
Stock risk
HighBeta 3.57, $200M shelf, short interest up 70%

Snapshot

Bitzero runs Nordic and North American data centers for bitcoin mining and hosting. FY2025 revenue grew 15.7% to $26.5M, but the company lost money on every sale: gross margin was negative 42%, and the $17.6M net loss exceeds two-thirds of revenue.

What's Happening Right Now

  • : Bitzero signed a project development agreement with Skanska as general contractor for its flagship Norway data center, alongside partner Vertiv; no financial terms or timeline were disclosed on Oct 20, 2026.
  • : Issued warrants over 5.83M shares.
  • : On Sep 14, 2026, Bitzero filed a final base shelf prospectus and an effective U.S. registration statement allowing it to issue up to $200M in shares, warrants, units or subscription receipts over 25 months, plus prospectus supplements covering 5.83M shares and 5.83M warrants from a July 2026 placement.
  • : Registered $200.00M of securities for sale on Form F-10EF.
  • : Bitzero refiled its FY2025 annual and interim financial statements on Sep 10, 2026 after a BC Securities Commission review reclassified warrants as derivative liabilities; the working capital deficiency at Sep 30, 2025 widened to $14.07M from $6.35M, though net loss and cash were unchanged.
  • : On Sep 1, 2026, Bitzero announced it fully repaid its $25M debt facility and released associated liens, while advancing its Norway and Finland sites toward power readiness expected between Q4 2027 and Q1 2028.
  • : On Aug 4, 2026, Bitzero announced a collaboration with Vertiv to add critical power and thermal management expertise to its data center supply chain, with no financial terms disclosed.
  • : Raised $24.77M in gross proceeds through a private placement (PIPE), with warrants over 5.83M shares.

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