T1 Energy Says Giga Arctic Campus in Norway Approved for Data Center Development

MT newswire2026/08/27 13:39

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

09:39 AM EDT, 08/27/2026 (MT Newswires) -- T1 Energy (TE) said Thursday that Mo i Rana, Norway, officials have rezoned part of the company's Giga Arctic campus for the development of a data center. The municipal government allowed 161,000 square feet of the campus to be used for industrial or data center operations, and T1 expects a 50-megawatt data center to be operational in 2027, with a potential for expansion. T1 has a position in the grid capacity queue for 396 megawatts, it added. The company's shares were up 8.7% in early trading. Price: 4.90, Change: +0.39, Percent Change: +8.66

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Amid ongoing implementation of industry policies, Jiayin Tech has adapted to changing circumstances by accelerating strategic adjustments to its business structure, continuously optimizing its client base and business structure in areas such as customer acquisition, risk control, and operations. By the end of Q2, the company's cash and cash equivalents had risen significantly to 504 million RMB, strengthening its ability to weather industry cycles and ensuring solid development in the future.

智通财经•2026/08/28 10:26