Bitdeer secures long-term lease with Volta for Tydal site

Bitdeer just signed up a single tenant for 16 years at a Norwegian site that used to mine Bitcoin. The deal is valued at approximately $4.7 billion. The tenant is Volta, a newly launched AI infrastructure platform. The end user is reportedly one of the most closely watched AI labs on the planet. On August 4, 2026, Bitdeer Technologies Group (NASDAQ: BTDR) announced that its subsidiary, Tydal Data Center AS, had signed a colocation lease with Volta Tydal AS. The agreement covers 121 IT megawatts of capacity at the Tydal campus in Norway. The numbers behind the lease The base contract runs 16 years and is worth roughly $4.7 billion. An optional eight-year extension could push the total value to $8 billion. Pricing averages around $202 per kW per month, with 3% annual escalators built in. The research projects average annual revenue of about $2.4 million per IT megawatt, or approximately $290 million per year. The post on X that circulated the news put the Tydal site’s annual revenue at $260 million. The capacity is intended for an unnamed leading AI lab. The lab is widely speculated to be Anthropic. It would run NVIDIA GPUs configured with Vera Rubin hardware across four dedicated da...