Bitdeer AI Secures 60MW A103 Facility, Reaching 95% of 350MW Target
BTDR sits 42% above its 52-week low of $6.916.
Summary
Bitdeer AI signed an 8-year data center services agreement for A103, a 60MW AI Cloud facility on its existing Cyberjaya, Malaysia campus. This brings secured AI Cloud capacity to approximately 333.5MW, or 95% of its up-to-350MW target for delivery by Q1 2028. A103 is designed for liquid-cooled, rack-scale NVIDIA systems including the next-generation Vera Rubin platform, with energization expected in Q1 2028. The company cites strong demand and an active pipeline estimated to exceed $10 billion. No offtake commitments have been signed for A103 yet, so revenue is not contracted. This follows the fully sold-out A102 facility announced in August and the $4.7B Tydal, Norway lease disclosed earlier this year.
At the time of this announcement, BTDR was trading at $9.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $6.92 to $27.80. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.