AUTO-UPDATED

Bitdeer Shares Surge as AI Arm Lands $400M Malaysia Deal

Bitdeer Technologies has secured a five-year, $400 million contract with a high-credit customer to utilize half of the capacity at its new A102 AI data center in Malaysia.

Key Points

  • The agreement covers 4.75 megawatts of the A102 facility’s total 9.5-megawatt capacity.
  • Revenue recognition for the contract is scheduled to begin in the first quarter of 2027.
  • The A102 site utilizes liquid cooling technology specifically designed to support NVIDIA GB300 NVL72 computing systems.
  • Bitdeer aims to reach 350 megawatts of total AI cloud data center capacity by the first quarter of 2028.
  • The company’s total pipeline for AI cloud capacity has now surpassed $2 billion following recent expansions in Malaysia and Norway.

Why it Matters

This deal highlights the strategic pivot of Bitcoin mining firms toward high-performance AI infrastructure to diversify revenue streams beyond cryptocurrency. By securing long-term contracts with major computing clients, Bitdeer is establishing a competitive foothold in the rapidly expanding market for specialized data center services.
Cryptoprowl.com Published by CryptoProwl
Read original