Odaily Planet Daily reports: Bitdeer’s subsidiary, Tydal Data Center AS (TDC), has reached an agreement with Norwegian contractor Data Center Installations AS (DCI) to retrofit existing facilities primarily to support hosting services for Nvidia’s next-generation Vera Rubin AI technology.
Haakon Bryhni, co-founder and chairman of TDC, said that the transformation of the Tydal facility is a cornerstone of Bitdeer’s global strategy to meet growing demand for AI data centers. Prior to this, Bitdeer had liquidated its corporate Bitcoin reserves and planned to raise $300 million through a private placement of convertible preferred notes. As of early Monday trading, Bitdeer’s stock price fell more than 2%.