Bitdeer Lands $4.7 Billion Lease for Norway Campus Amid Strong Demand for AI Cloud

Bitdeer Technologies Group announced its July 2026 production and operations update, highlighting key milestones in its vertically integrated platform. The company's Chief Financial Officer, Michael G. Potter, noted that July reflected continued execution across their AI and Bitcoin mining infrastructure.

The $4.7 billion, 16-year lease for the Tydal, Norway campus is a significant milestone, converting Bitdeer's power portfolio into contracted, long-term revenue. The tenant for this facility is a subsidiary of Volta, and it will be configured to run NVIDIA GPUs for a leading AI lab.

Bitdeer's AI Cloud platform has seen strong demand, with the 9.5MW A102 facility in Malaysia fully committed under long-term offtake agreements, representing total expected contracted revenue exceeding $800 million. The company expects to sign contracts for the 21.7MW IT Load A201 facility and start collecting advance payments within a month.

Bitdeer's self-mining hash rate reached approximately 76.7 EH/s in July, while its co-mining hashrate was 18.7 EH/s driven by collaboration with third-party data centers. The company mined 1,190 Bitcoins in July, an increase of 322% year-over-year.