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August 20, 2026 10:17 am
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Nasdaq-listed Bitcoin miner Bitdeer (BTDR) has signed a five-year long-term supply agreement covering about 50% of the capacity of A102, a 9.5 MW AI cloud data center in Malaysia, The Block reported. The contract is expected to generate about $400 million in revenue. Bitdeer plans to expand its AI cloud data center capacity to as much as 350 MW by the first quarter of 2028, while its AI cloud business pipeline currently under negotiation exceeds $2 billion. Revenue from the deal is expected to be recognized starting in the first quarter of 2027.