Bitdeer Inks $400M AI Cloud Deal for Malaysian Site

cryptonews.ruPublished on 2026-08-20Last updated on 2026-08-20

Abstract

Bitdeer's AI division, Bitdeer AI, has secured a five-year agreement with an unnamed, high-credit-quality customer, covering approximately 50% of the capacity at its upcoming A102 facility in Malaysia, even before the site is powered. The deal is expected to generate around $400 million in cumulative revenue, with revenue and related expenses starting in Q1 2027 when services commence. By Q1 2028, the company plans to scale its AI cloud computing data center capacity to 350 MW. This move is part of a trend among Bitcoin miners, including Bitdeer, Mara Holdings, TeraWulf, Hut 8, and IREN, to diversify into AI and high-performance computing infrastructure. Following the announcement, Bitdeer's stock rose 7% on Wednesday and gained nearly 6% in pre-market trading on Thursday.

Bitdeer's artificial intelligence (AI) division, Bitdeer AI, has signed a five-year agreement with a customer covering roughly 50% of the capacity at its A102 site in Malaysia, even before the facility is powered up.

The agreement is with an unnamed customer with "high credit quality." Bitdeer expects the deal to bring in approximately $400 million in cumulative revenue, the company said in a statement on Wednesday.

Revenue and associated costs will begin to be accounted for in the first quarter of 2027, when Bitdeer AI begins providing services. By the first quarter of 2028, the division plans to scale its AI cloud computing data center capacity to 350 MW.

Bitdeer is among the bitcoin miners that have moved into the AI and high-performance computing infrastructure market to diversify revenue streams. In August, the company signed a 16-year, $4.7 billion lease for 121 MW of AI computing capacity in Norway.

Other bitcoin miners that have entered the AI infrastructure market include MARA Holdings, TeraWulf, Hut 8, and IREN.

On Wednesday, Bitdeer's stock rose 7%, and in pre-market trading on Thursday, it added almost 6%. As of 12:16 UTC, the shares were trading at $10.2, according to data.

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Related Questions

QWhat major deal did Bitdeer's AI division announce, and what is its estimated total revenue?

ABitdeer's AI division, Bitdeer AI, announced a five-year agreement covering about 50% of the capacity of its A102 facility in Malaysia. The deal is expected to generate approximately $400 million in cumulative revenue.

QWhen will Bitdeer AI begin recognizing revenue from the Malaysian facility deal, and what is the associated capacity target?

ABitdeer AI will begin recognizing revenue and related costs in the first quarter of 2027 when services commence. The division plans to scale its AI cloud computing data center capacity to 350 MW by the first quarter of 2028.

QWhy are Bitcoin miners like Bitdeer expanding into AI and high-performance computing infrastructure?

ABitcoin miners like Bitdeer are expanding into AI and high-performance computing infrastructure to diversify their revenue sources.

QBesides Bitdeer, which other Bitcoin mining companies were mentioned as entering the AI infrastructure market?

AOther Bitcoin mining companies mentioned as entering the AI infrastructure market are MARA Holdings, TeraWulf, Hut 8, and IREN.

QHow did Bitdeer's stock price react following the announcement of the deal?

AFollowing the announcement, Bitdeer's stock price rose 7% on Wednesday and gained nearly 6% in pre-market trading on Thursday.

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