Bitdeer secures $400 million AI contract for Malaysia facility

Bitdeer AI has signed a five-year customer agreement expected to generate about $400 million from roughly half of its A102 data center capacity in Malaysia before the facility has been energized. Summary Bitdeer AI signed a five-year deal expected to generate about $400 million. The contract covers roughly half of the capacity at its A102 Malaysia facility. Revenue from the agreement is expected to begin in the first quarter of 2027. Bitdeer is targeting 350 MW of AI cloud data center capacity by early 2028. Bitdeer AI said in a Wednesday announcement that the agreement covers about 50% of the A102 site’s available capacity and was signed with an undisclosed customer it described as being of “high credit quality.” Revenue from the contract, along with the costs associated with delivering the service, is expected to begin in the first quarter of 2027 when operations under the agreement start. The deal gives the Bitcoin miner’s AI business a contracted customer for a large portion of the Malaysian facility before commercial operations begin, while Bitdeer AI continues building data center capacity across several markets. Bitdeer AI has secured half of A102 capacity before launch Unde...