Bitdeer locks in $400M five-year offtake deal for AI cloud facility in Malaysia

Bitdeer Technologies just secured roughly $400 million in contracted revenue for its AI cloud business, signing a five-year offtake agreement that covers about half the capacity at its new 9.5 MW data center in Malaysia. For a company that built its brand on Bitcoin mining, that’s a pretty emphatic statement about where it sees the future. The deal, announced on August 19, involves a high-credit-quality customer who will prepay more than 50% of the associated capital expenditures. Services are set to begin in Q1 2027, meaning the agreement won’t contribute any revenue in 2026. Inside the A102 facility The facility at the center of this deal is Bitdeer’s A102 site, a liquid-cooled AI cloud data center equipped with NVIDIA GB300 NVL72 systems. Those are NVIDIA’s latest rack-scale GPU systems designed for GPU cloud services and data hosting. The A102 facility sits at 9.5 MW total capacity, and the new deal covers approximately 50% of that. The remaining capacity is reportedly generating strong interest from additional customers, which suggests Bitdeer could layer on a second major offtake agreement for the same site. Malaysia was chosen for reasons that include robust power availabili...