Bitzero Holdings Inc. (NASDAQ: AIBZ) announced it has delivered a formal notice of its intention to prepay its outstanding senior secured loan facility, with the prepayment expected to be completed on or about August 6, 2026.

The company plans to use a portion of the net proceeds from its approximately $25 million private placement financing, which closed July 30, 2026, to fund the repayment. The total amount payable includes $22,375,000 in outstanding principal, plus accrued and unpaid interest and any other amounts due under the loan as of the prepayment date.

Upon completion, Bitzero expects the loan to be repaid in full, with all related liens and security interests against the company's assets released. The private placement was comprised entirely of U.S. institutional investors.

Bitzero owns four data center locations in North American and Nordic regions. The company focuses on high-performance compute and data center infrastructure development.