Bitdeer Signs 16-Year AI Data Center Lease, Shares Rise 11.7% in Pre-Market Trading

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Bitdeer shares rose 11.7% pre-market to $12.77 after its Norway subsidiary signed a 16-year lease for an AI data center. The deal, valued at up to $8 billion, includes 121 IT MW and 133 total MW with NVIDIA GPUs. On-chain data indicates strong buying pressure ahead of the announcement. The contract supports a leading AI lab and follows recent inflation data that eased market concerns.

ChainThink reports that Bitdeer has announced its subsidiary, Tydal Data Center AS, has signed a 16-year托管租赁及服务协议 with Volta Tydal AS for an AI/HPC campus in Tydal, Norway.

Under the agreement, Bitdeer will provide a capacity of 121 MW of IT power, approximately 133 MW total, fully configured with NVIDIA GPUs, to serve a leading AI laboratory.

Contract revenue during the initial term is approximately $4.7 billion, with an additional 8-year renewal option, bringing the potential total contract value to approximately $8 billion.

The company stated that the improved gross lease rate averages approximately $202 per month per kilowatt, with electricity costs reimbursed by tenants and including an annual 3% escalation clause.

Bitdeer expects a NOI margin of approximately 90% and annual revenue of about $2.4 million per IT megawatt. Buoyed by the news, Bitdeer’s U.S. pre-market shares rose 11.7% to $12.77.

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