Bitdeer Inks Co-Mining Deal With Soluna, Locks $800M+ Malaysia Offtake
BTDR sits 63% above its 52-week low of $6.916.
Summary
Bitdeer announced a new co-mining agreement with Soluna Holdings to deploy 28 MW (1.93 EH/s) at Soluna's Project Kati 1 in South Texas, with deployment starting September 2026. The company also reported its A102 Malaysia facility is fully committed under long-term offtake agreements with total expected contracted revenue exceeding $800 million, and July production rose 322% YoY to 1,190 BTC. This follows the $4.7B Tydal AI/HPC lease announced earlier this month and the $1B ATM equity program launched on August 10. The co-mining deal expands Bitdeer's hash rate capacity without capital-intensive site development, while the Malaysia offtake commitments provide multi-year revenue visibility. Watch for the A201 facility contract signing expected within a month, which could add further contracted revenue.
Updates
· Reuters — The A102 Malaysia data center is 9.5MW and fully sold out, with revenue and costs from contracts beginning in Q1 2027 and no revenue impact expected in 2026. Bitdeer targets 350MW of AI cloud data center capacity by Q1 2028.
At the time of this announcement, BTDR was trading at $11.26 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.1B. 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: Benzinga.