Bitdeer locks down colocation lease for massive 225MW AI data center in Norway

Bitdeer Technologies Group, a company most people associate with Bitcoin mining, just signed a colocation lease for what’s expected to become Norway’s largest AI data center. The facility in Tydal, Norway, will pack somewhere between 180 and 225 MW of capacity. The tenant is reportedly Volta, a $2.4 billion AI cloud startup, though Bitdeer hasn’t publicly confirmed the identity or valuation of its colocation partner. The lease has been executed but hasn’t technically taken effect yet, with full commercial terms expected to be nailed down within the month. Bitdeer’s Tydal subsidiary, Tydal Data Center AS, is the entity behind the deal. The development of the site is backed by an agreement signed in March 2026 with Data Center Installations AS, known as DCI, which handles the physical buildout. If everything stays on track, completion of the Tydal facility is targeted as early as December 2026. The focus for colocation at the site primarily involves NVIDIA AI technology. Bitdeer, which trades on the NASDAQ under the ticker BTDR, has been telegraphing this strategic shift for a while. Advanced negotiations for colocation deals were described as a top priority in early 2026. For BTDR s...