Bitdeer AI Sells Out 9.5MW Malaysia Data Center, Expects $800M+ AI Cloud Revenue
BTDR sits 59% above its 52-week low of $6.916.
Summary
Bitdeer AI has fully sold out its 9.5MW A102 Malaysia data center, with total expected AI cloud revenue exceeding $800 million. The company targets 350MW of AI cloud data center capacity by Q1 2028. Revenue and costs from the A102 contracts begin in Q1 2027, with no revenue impact expected in 2026. This follows the July disclosure of a $4.7 billion, 16-year lease for its Tydal, Norway data center and the August launch of a $1 billion at-the-market equity offering. The sell-out validates demand for Bitdeer's AI cloud services and provides long-term revenue visibility, though the 2027 start means near-term financials remain unchanged.
At the time of this announcement, BTDR was trading at $10.97 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.9B. 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 8 out of 10. Source: Reuters.