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by Mike Caswell

Bitzero Holdings Inc. is facing a lawsuit in the Supreme Court of British Columbia from one of its founders, Akbar Shamji, who claims Bitzero improperly fired him as chief executive officer in 2023 and has since failed to honour an agreement that should have seen him owning about 7 per cent of the company. Mr. Shamji says that he negotiated the agreements that led to the company developing its primary asset, data centres in Norway. He also agreed to forgo any salary until the company went public, he says.

The allegations are contained in a notice of claim that Mr. Shamji filed at the Vancouver courthouse on Sept. 17, 2026. Mr. Shamji identifies himself as a businessman who had various roles with Bitzero or its predecessor from February, 2022, to September, 2023.

The events at issue, as set out in the suit, go back to 2022, when Bitzero was formed. Mr. Shamji claims that he came up with the company's initial business concept, which was to use excess hydroelectric capacity in Norway to develop data centres to mine bitcoin and to serve the artificial intelligence market. "Under Mr. Shamji's leadership, BBI established two high-efficiency data centres in Norway and ... purchased another facility for the same purpose in North Dakota," the suit reads.

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