VivoPower Reports Q1 FY2027 Results, Led by Mo i Rana AI Data Center in Norway

VivoPower reported results for the first quarter of fiscal 2027, with its Mo i Rana AI data center in Norway driving the numbers. The Norwegian site generated US$6.5 million, or 95.5% of total revenue for the quarter.

On financing, the company has not yet secured the full US$50.0 million. US$17.5 million has been received in cash, and a further US$16.5 million was satisfied by exchanging shareholder loan principal. The remaining balance depends on completion of customary bank KYC approvals.

The page also lists a series of recent company announcements and the share price moves that followed, set against the SPY index. On Oct 12, 2026, VivoPower mobilized construction of a 40MW AI data center conversion at Mo i Rana, and the stock moved -4.5% that session. On Aug 17, 2026, it approved an independent listing of a 2.2GW non-Nordic AI infrastructure platform, which transfers capital expenditure requirements while the company retains de facto control (+0.6%). On Aug 3, 2026, it fully retired US$28.8 million of shareholder debt principal ahead of its Nordic AI infrastructure buildout (+4.5%).

Later items include a definitive heads of agreement with Open Innovation AI, signed Oct 21, 2026, to develop secure sovereign AI data centers across the Nordics, mainland Europe, the GCC and selected Asian countries (-0.9%). On Nov 3, 2026, VivoPower reported FY2026 results that included a partial-period contribution from Mo i Rana, and the shares fell 27.4% that session while SPY rose 0.3%.

For readers following AI infrastructure in the Nordics, the figures show that the company's revenue now depends almost entirely on one Norwegian data center, while its expansion plans rest on financing that is only partly completed.