Bitdeer lands $4.7B Norway AI deal as stock surges 23%

Bitdeer Technologies Group said on Aug. 4 that its 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. Summary Bitdeer signed a 16-year Norway colocation agreement expected to generate $4.7 billion in contracted revenue. The Tydal campus will deliver 121 megawatts of IT capacity using renewable Norwegian power sources. An eight-year extension could raise total contract value to approximately $8 billion across twenty-four years. Bitdeer retains full ownership of Tydal while Volta supplies customer, financing and technology relationships globally. Two construction phases target completion by December 2026 and March 2027, subject to execution risks. The contract covers 121 megawatts of critical IT capacity, supported by about 133 MW of total power. Bitdeer expects approximately $4.7 billion in contracted payments during the initial term. A one-time eight-year renewal option could raise the potential contract value to about $8 billion over 24 years. Bitdeer’s $4.7 billion deal contracts 121 MW The agreement assigns the full 121 MW to Volta, which plans to supp...