Bitdeer Scores $4.7B Norway Deal for AI Campus

Bitdeer Technologies Group has made significant strides in its plans to shift part of its power portfolio from Bitcoin mining toward AI colocation. The company's Tydal Data Center subsidiary signed a 16-year colocation and services agreement with Volta Tydal AS for an artificial intelligence and high-performance computing campus in Norway.

The deal, which is expected to generate $4.7 billion in contracted revenue over its initial term, assigns the full 121 megawatts of critical IT capacity to Volta. The company plans to support a leading AI laboratory using NVIDIA graphics processing units, with Dell Technologies acting as technology provider.

Bitdeer retains full ownership of Tydal while Volta supplies customer, financing, and technology relationships globally. The contract includes an optional eight-year extension that could raise the potential contract value to approximately $8 billion over 24 years.