Bitdeer’s subsidiary, Tydal Data Center AS, has signed a 16-year data center hosting and services agreement with Volta Tydal AS to provide 121 MW of IT load capacity at the Tydal AI/HPC campus in Norway for the deployment of NVIDIA GPUs. The total expected contract payments during the initial term are approximately $4.7 billion, with an optional 8-year extension that could increase the potential total contract value to approximately $8 billion. Bitdeer anticipates remaining capital expenditures of about $500 million for the project, to be funded through new debt financing. Bitdeer’s stock price rose 23%.
Bitdeer subsidiary signs 16-year, $8 billion hosting agreement with Volta in Norway
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Summary
Bitdeer’s subsidiary, Tydal Data Center AS, has signed a 16-year, $8 billion hosting agreement with Volta in Norway. The deal includes 121 MW of IT load capacity for NVIDIA GPU deployment at the Tydal AI/HPC Park. The base term is valued at $4.7 billion, with an 8-year renewal option. Bitdeer plans to allocate $500 million in remaining capital expenditures, to be funded through new debt. The stock rose 23% following the announcement. New token listings on the platform have also seen increased activity amid positive inflation data.
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