Bitdeer Signs $400 Million AI Cloud Deal for Malaysia Facility

Bitdeer’s AI division has signed a five-year deal with an undisclosed high credit quality customer, covering roughly half the capacity of its A102 facility in Malaysia before it even goes live. The agreement is expected to generate approximately $400 million in total revenue, with services and associated costs beginning in early 2027.

Expansion Plans Continue Through 2028

Bitdeer AI is targeting 350 megawatts of total AI cloud data center capacity by the first quarter of 2028. This latest deal follows a separate 16-year, $4.7 billion lease signed earlier in August for 121 megawatts of AI computing capacity in Norway.

Part of a Broader Industry Shift

Bitdeer joins several other Bitcoin mining companies, including MARA Holdings, TeraWulf, Hut 8, and IREN, that have expanded into AI infrastructure and high-performance computing to diversify revenue beyond crypto mining.

Bitdeer shares rose 7% on Wednesday and gained nearly 6% more in Thursday’s pre-market trading, reaching $10.20 per share.