• Bitdeer Announces $4.7 billion, 16-Year AI/HPC Data Center Lease for Tydal, Norway Campus
  • Approximately $4.7 billion in contracted revenue over the initial 16-year base-term, with the potential to reach a total contract value of $8.0 billion through a one-time 8-year lease extension.
  • Tenant is a subsidiary of Volta; the entire 121 IT MW will be configured to run NVIDIA GPUs for the end customer, a leading AI lab.
  • Credit backstop is anticipated to be arranged by affiliates of two leading top-tier global financial institutions via Letters of Credit, totaling approximately $1.3 billion and subject to customary conditions.
  • Tydal, Norway AI Data Center expected to be among Norway’s largest and most efficient AI data centers upon completion. With a PUE of approximately 1.1 and running on 100% renewable energy, it sets a compelling standard for data center performance, at scale.

“July reflected continued execution across our vertically integrated platform. Announcing our $4.7B, 16-year AI/HPC lease in early August marks a key milestone in converting our power portfolio into contracted, long-term revenue,” said Michael G. Potter, Chief Financial Officer. “Our mining business continued to scale efficiently, reaching approximately 76.7 EH/s in self-mining hash rate. While our AI Cloud platform announced that as of today, our 9.5MW A102 facility in Malaysia is fully committed under long-term offtake agreements, representing total expected contracted revenue exceeding $800 million.”