Bitdeer Locks Down $4.7B Norway Lease for AI Data Center
Bitdeer Technologies Group has made a significant move into AI infrastructure by signing a $4.7 billion, 16-year lease for its Tydal, Norway AI data center. This deal highlights Bitdeer's strategic shift beyond its core Bitcoin mining business and positions the company as a key player in the AI infrastructure market.
The facility will deliver 121 megawatts of IT capacity, powered entirely by renewable hydropower, and feature cutting-edge NVIDIA GPUs to serve a leading AI lab. This makes it one of Norway's largest and most energy-efficient AI data centers, with a power usage effectiveness (PUE) of 1.1.
The lease is structured as a modified gross agreement, with an average payment of $202 per kilowatt per month over the initial term, while electricity costs will be reimbursed by the tenant. The deal also underscores Bitdeer's pivot to broader AI and high-performance computing (HPC) services.