Bitdeer Locks 127MW of Multi-Year AI Data Center Deals, Sells All Mined BTC
BTDR sits 40% above its 52-week low of $6.916.
Summary
Bitdeer secured two multi-year AI data center contracts totaling 127MW: a 10-year deal for the 67MW A901 campus (energizing 2027) and an 8-year deal for 60MW A103 (energizing 2028). This expands contracted AI Cloud capacity and follows the fully sold-out 9.5MW A102 Malaysia center reported in August. Separately, the company mined 300.6 BTC last week and sold all of it, reducing its Bitcoin holdings to zero. The shift to zero BTC holdings is a notable strategic pivot away from holding mined coins, while the new contracts add long-term revenue visibility. The $1B ATM equity program launched in August remains active, providing funding for these expansions.
At the time of this announcement, BTDR was trading at $9.65 on NASDAQ in the Crypto Assets 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: Wiseek News.