Bitdeer Secures 70% of Malaysia AI Site; Backlog Hits $2.9B
BTDR sits 60% above its 52-week low of $6.916.
Summary
Bitdeer has secured 70% of a Malaysia AI site, with revenue backlog reaching $2.9B. This is a major expansion from the previously reported 9.5MW A102 data center sellout and $800M+ expected AI cloud revenue. The company's AI cloud business is scaling rapidly, with high GPU utilization and growing ARR. The $2.9B backlog provides strong revenue visibility. Watch for further details on the Malaysia site capacity and customer commitments.
At the time of this announcement, BTDR was trading at $11.04 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3B. 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: Seeking Alpha.