Bitdeer signs $400M AI cloud computing deal for Malaysia facility

cointelegraphPublished on 2026-08-20Last updated on 2026-08-20

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Bitcoin mining firm Bitdeer's AI division, Bitdeer AI, has secured a five-year deal for about 50% of the capacity at its upcoming A102 Malaysia facility. Signed with an undisclosed "high credit quality" customer, the agreement is projected to generate approximately $400 million in total revenue, starting in Q1 2027. This is part of Bitdeer's expansion into AI cloud infrastructure, with a target of 350 megawatts of AI data center capacity by Q1 2028. The company, following other Bitcoin miners diversifying into AI, recently signed a major lease in Norway. Bitdeer's stock rose following the announcement.

Bitcoin mining company Bitdeer’s artificial intelligence (AI) division, Bitdeer AI, signed a five-year customer deal covering about 50% of the capacity of its A102 Malaysia facility before its energization.

The deal was signed with an undisclosed customer of “high credit quality” and is expected to bring approximately $400 million in total revenue, Bitdeer revealed in a Wednesday announcement.

Revenue and associated costs are expected to begin in the first quarter of 2027 when services commence. Bitdeer AI is targeting 350 megawatts of AI cloud data center capacity by the first quarter of 2028.

Bitdeer is among the Bitcoin miners that expanded into AI infrastructure and high-performance computing to diversify revenue streams. Earlier in August, Bitdeer signed a 16-year lease valued at $4.7 billion for 121 megawatts of AI computing capacity in Norway.

Other Bitcoin miners that expanded into AI infrastructure include MARA Holdings, TeraWulf, Hut 8 and IREN.

Bitdeer’s stock price rose 7% on Wednesday and nearly 6% in pre-market trading on Thursday, changing hands at $10.2 a share as of 12:16 pm UTC, according to Yahoo Finance data.

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Bitdeer signs $400M AI cloud computing deal for Malaysia facility

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