Bitdeer Secures $4.7B Norway AI Data Center Deal
Bitdeer Technologies Group saw its shares surge as much as 23% after announcing a $4.7 billion agreement to provide AI and HPC data center services from its Tydal campus in Norway.
The company's wholly owned subsidiary, Tydal Data Center AS, signed a 16-year colocation and services agreement with Volta Tydal AS covering the full 121 megawatts of critical IT capacity at the campus. The contract is expected to generate approximately $4.7 billion in contracted payments over the initial term and includes an optional eight-year extension that could increase the total value to around $8 billion.
The deal marks one of the largest AI infrastructure contracts signed by a publicly listed cryptocurrency miner, further reinforcing the industry's shift towards high-performance computing as traditional Bitcoin mining economics become more challenging.