Bitdeer Secures 16-Year AI Data Center Lease in Norway; Shares Jump 11.7%
AI Market Summary
Bitdeer's 16-year Norway AI/HPC data center lease implies large-scale NVIDIA GPU deployment (121MW IT) and high contracted cash flows ($4.7B initial, up to ~$8B with renewal), reinforcing sustained demand for accelerated computing infrastructure. With tenant-reimbursed power costs, 3% annual escalators, and reported ~90% NOI margin, the deal supports positive sentiment across the AI data center and GPU supply chain, lifting related equity exposure.
Impact level
● Medium
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NCSKNVDA2USD/USDT+5.02%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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Bitdeer said on Aug. 4 that its subsidiary, Tydal Data Center AS, has entered into a 16-year colocation lease and services agreement with Volta Tydal AS for an AI/HPC campus in Tydal, Norway, according to Huoxing Finance.
Under the deal, Bitdeer will deliver 121 MW of IT capacity (about 133 MW total), fully equipped with NVIDIA GPUs, to support a leading AI laboratory. The contract is expected to generate roughly $4.7 billion in revenue over the initial term. An additional eight-year renewal option would lift the potential total contract value to about $8 billion.
Bitdeer said the improved gross lease rate averages about $202 per kilowatt per month. Electricity costs will be reimbursed by the tenant, and the agreement includes a 3% annual escalation clause.
The company estimates a net operating income (NOI) margin of around 90%, with projected annual revenue of approximately $2.4 million per IT megawatt.
BIT (bit.com) market data showed Bitdeer's U.S. premarket shares up 11.7% at $12.77.
