Bitdeer Mining Company's Stock Surges Over 12% Amid $4.7 Billion Deal
Bitdeer's stock surged over 12% after the crypto miner announced a major $4.7 billion deal. The company signed a 16-year agreement to lease part of its data center in Tydal, Norway, to Volta Tydal AS.
The 180 MW facility, originally for crypto mining, is being repurposed for the AI sector. Bitdeer's subsidiary, Tydal Data Center AS, will provide 121 MW of power from the site's total 133 MW capacity, with the remainder to be leased later. The deal includes an option for an 8-year extension, potentially generating $8 billion in total revenue for Bitdeer over 24 years.
All 121 MW of computing power will be configured with Nvidia GPUs for a "leading AI lab." Bloomberg reports this lab is Anthropic, which has a separate $10 billion agreement with Volta Infra Holdings Ltd, Volta Tydal AS's parent company. Essentially, Bitdeer leased the space to Volta, which will manage the Nvidia chip infrastructure for end-user Anthropic.
Following the news, Bitdeer's share price jumped from $11.2 to $12.6. Like other major miners, Bitdeer is aggressively expanding into AI, a sector now seen as more profitable for its energy-intensive computing infrastructure.
cryptonews.ru1h ago