According to an official announcement from Bitdeer Technologies Group (NASDAQ: BTDR), Bitdeer, through its subsidiary Tydal Data Center AS, has entered into a 16-year托管租赁及服务协议 with Volta Tydal AS for its AI/HPC data center campus located in Tydal, Norway. The contract revenue is approximately $4.7 billion, with a potential total contract value of up to $8 billion if the 8-year renewal option is triggered. The agreement covers 121 IT MW of capacity, fully configured with NVIDIA GPUs, serving a leading AI laboratory, with Dell Technologies as the technology provider. The leasing structure is a modified gross lease, with an average rate of approximately $202/kW/month over 16 years, including a 3% annual increase, and electricity costs fully reimbursed by the tenant. Bitdeer expects an NOI profit margin of approximately 90%, with average annual revenue per IT MW of about $2.4 million. Volta’s obligations are expected to be secured by letters of credit totaling approximately $1.3 billion arranged by J.P. Morgan and another global top-tier financial institution. The project will be delivered in two phases, with Phase 1 targeting a launch date of December 31, 2026, and Phase 2 targeting March 31, 2027.
Bitdeer Signs $4.7 Billion 16-Year Lease for Norway AI Data Center
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Summary
Bitdeer Technologies Group (NASDAQ: BTDR), through its subsidiary Tydal Data Center AS, announced a 16-year colocation and services agreement for an AI/HPC data center in Tydal, Norway, with a contract value of $4.7 billion. The deal includes an 8-year renewal option, potentially increasing the total value to $8 billion. The 121 IT MW facility, fully equipped with NVIDIA GPUs, will serve a leading AI laboratory with Dell as the technology provider. Bitdeer anticipates 90% NOI margins and $2.4 million in annual revenue per IT MW. J.P. Morgan and a top-tier bank are supporting Volta’s $1.3 billion obligations. The project will be executed in two phases, with Phase 1 scheduled for late 2026 and Phase 2 in early 2027. Amid rising inflation data, this development marks a significant milestone in AI and crypto news.
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