$VIVO latest update: The real catalyst is still the **Mo i Rana, Norway 41.5MW data center**. It is already operational, hydro-powered, and VIVO says it has about **$31M annual revenue / $10M EBITDA** before AI optimization.
VIVO has shortlisted AI tenant operators, rumours to be **Crusoe** or **CoreWeave** (lower possibility) after multiple bids and is targeting a final agreement by **June 30, 2026**. Tenant names are **not disclosed yet**.
Bull case = Strong AI tenant + 10-year lease + possible extra 40MW expansion.
Risk = No deal yet.
**Simple take:** Real asset, Real revenue, but the AI upside is still pending confirmation.