Bitdeer’s Norway AI campus lease could reach $8 billion with extension

Bitdeer Announces July 2026 Production and Operations Update

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(Moderate)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary

Bitdeer (NASDAQ: BTDR) reported July 2026 operating metrics, highlighting a $4.7 billion, 16‑year AI/HPC data center lease for its Tydal, Norway campus with a Volta subsidiary, covering 121 IT MW configured with NVIDIA GPUs and potential total contract value up to $8.0 billion with an 8‑year extension. Expected letters of credit total about $1.3 billion.

AI Cloud metrics showed 4,248 GPUs deployed, 95% utilization, 3,517 GPUs under external subscription and ARR of approximately $76 million. The AI cloud pipeline reached 141.4 MW, including the 9.5MW A102 facility in Malaysia, now fully committed under long‑term offtake agreements with expected revenue of over $800 million.

In crypto mining, Bitdeer mined 1,190 Bitcoin in July, up 322% year over year, with self‑mining hash rate of about 76.7 EH/s, co‑mining hash rate of 18.7 EH/s and total proprietary hash rate of 81.7 EH/s. Bitcoin held totaled 257. Bitdeer will shift infrastructure reporting from monthly to quarterly, aligned with earnings releases.

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Positive

• $4.7B, 16-year AI/HPC lease at Tydal, Norway, with potential total value up to $8.0B including an 8-year extension option
• $1.3B anticipated letters of credit to backstop the Tydal lease, subject to customary conditions
• A102 Malaysia 9.5MW fully committed under long-term offtake agreements, with total expected contracted revenue over $800M
• AI Cloud ARR ~$76M with 4,248 GPUs deployed and 95% utilization in July 2026
• AI cloud pipeline 141.4 MW across Malaysia, Norway and U.S. sites, all designated for NVIDIA-based platforms
• Bitcoin production 1,190 BTC in July 2026, up 322% year over year from 282 BTC
• Total proprietary hash rate 81.7 EH/s in July 2026, up from 22.5 EH/s in July 2025 and 77.9 EH/s in June 2026

Negative

• Bitcoin holdings declined to 257 BTC in July 2026 versus 1,667 BTC in July 2025, despite higher monthly production
• Infrastructure reporting cadence reduced from monthly to quarterly updates, meaning less frequent public disclosure of operational metrics

Bitdeer describes the 9.5MW A102 facility as fully committed under long-term offtake agreements, but its table says 50% is signed and 50% is in contract execution, so the disclosed commitment is not the same as all customer contracts being signed.

BTDR insiders showed Net Buying, with 50,000 shares purchased across two transactions in the prior 90 days. That platform context complemented the operational update, while high short positioning remained a risk to monitor.

AI/HPC Lease Value$4.7B16-year Tydal, Norway lease
Contracted Revenueexceeding $800M9.5MW A102 facility in Malaysia
Bitcoin Production Growth322% Y/YJuly 2026 production
Bitcoin Mined1,190 BitcoinJuly 2026
AI Cloud Pipeline141.4 MWJuly 2026 IT load
AI Cloud ARR~$76MJuly 2026
Self-Mining Hash Rate76.7 EH/sJuly 2026
Co-Mining Hash Rate18.7 EH/sJuly 2026

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Operational and infrastructure announcements in the supplied history had positive 24-hour reactions, while the Q2 earnings release had a negative reaction.

offtake agreementsfinancial
“fully committed under long-term offtake agreements”
An offtake agreement is a contract where a buyer agrees to purchase a set amount of a company’s future production—such as minerals, energy, or manufactured goods—often before the product is made. For investors, these deals act like a guaranteed customer or advance order that reduces sales risk, helps secure project financing, and makes future revenue more predictable; think of it as a long-term subscription that stabilizes cash flow.
ai/hpctechnical
“$4.7B, 16-Year AI/HPC Data Center lease announced”
AI/HPC combines artificial intelligence—software that learns patterns from data—with high-performance computing, which uses very fast computers to run huge calculations. Think of AI as a chef following a recipe and HPC as an industrial kitchen that lets the chef cook thousands of meals at once; together they let organizations analyze massive amounts of information or run complex simulations much faster. Investors care because companies using AI/HPC can develop new products, cut costs, and scale services faster, potentially boosting revenue and market competitiveness.
puetechnical
“With a PUE of approximately 1.1”
Power Usage Effectiveness (PUE) measures how efficiently a data center uses energy by comparing total facility power to the power used by the computing equipment; a PUE of 1.0 means all power goes to servers, while higher numbers indicate more energy spent on cooling and infrastructure. Investors care because lower PUE usually means lower operating costs and better environmental performance, similar to choosing a fuel‑efficient car to save money and reduce waste.
arrfinancial
“ARR1 | ~$76M”
ARR, or Annual Recurring Revenue, is the predictable income a business expects to earn each year from ongoing customer subscriptions or contracts. It’s like a steady paycheck that shows the company’s ability to generate consistent revenue over time, helping investors assess its stability and growth potential. ARR provides a clear picture of how well a company is performing in building long-term customer relationships.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Colocation:$4.7B
  , 16-Year AI/HPC Data Center lease announced for Tydal, Norway Campus
• AI Cloud: As of the reporting date, our 9.5MW A102 facility in Malaysia is fully committed under long-term offtake agreements, representing total expected contracted revenue exceeding $800 million
  . Additionally, contract discussions for the A201 facility (21.7MW IT Load) are currently underway. Demand is keen and strong. We expect to sign the contracts of A201 capacity and start collecting the advance payments within a month. We foresee the pricing of AI Cloud to increase further in the short-term future.
• Bitcoin: Production increased 322%
  Y/Y to 1,190 Bitcoin.

SINGAPORE, Aug. 26, 2026 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced its unaudited operations updates for July 2026.

“July reflected continued execution across our vertically integrated platform. Announcing our $4.7B
, 16-year AI/HPC lease in early August marks a key milestone in converting our power portfolio into contracted, long-term revenue,” said Michael G. Potter, Chief Financial Officer. “Our mining business continued to scale efficiently, reaching approximately 76.7 EH/s in self-mining hash rate. While our AI Cloud platform announced that as of today, our 9.5MW A102 facility in Malaysia is fully committed under long-term offtake agreements, representing total expected contracted revenue exceeding $800 million
.”

• Bitdeer Announces $4.7 billion
  , 16-Year AI/HPC Data Center Lease for Tydal, Norway Campus
• Approximately $4.7 billion
  in contracted revenue over the initial 16-year base-term, with the potential to reach a total contract value of $8.0 billion
  through a one-time 8-year lease extension.
• Tenant is a subsidiary of Volta; the entire 121 IT MW will be configured to run NVIDIA GPUs for the end customer, a leading AI lab.
• Credit backstop is anticipated to be arranged by affiliates of two leading top-tier global financial institutions via Letters of Credit, totaling approximately $1.3 billion
  and subject to customary conditions.
• Tydal, Norway AI Data Center expected to be among Norway’s largest and most efficient AI data centers upon completion. With a PUE of approximately 1.1 and running on 100%
  renewable energy, it sets a compelling standard for data center performance, at scale.

• As of the reporting date, A102’s capacity in Malaysia has been fully committed under long-term offtake agreements ahead of energization, representing total expected revenue of over $800 million
  . Working on the contracts for the A201 facility now.
• Strong Customer Demand for GPUs:As demand for AI computing continues to grow, we have completed the procurement of 66 NVIDIA GB300 systems.
• Model Service & Token Optimization: Achieved Day-0 onboarding for NVIDIA Nemotron-3 Embed (1B & 8B) and launched Kimi K3 at the first available opportunity. Strategic engineering resources are now focused on expanding open-source model offerings and ensuring high service availability and reliability.
• European Market Footprint:Further established Bitdeer AI’s European presence through high-visibility participation at the RAISE Summit.
• Ecosystem Acceleration:Co-hosted a month-long hackathon with NVIDIA, provisioning and mentoring 10 Southeast Asian teams with Bitdeer AI’s GPU compute and Model Studio to demonstrate cross-industry business use cases.

CRYPTO Mining, R&D, Manufacturing:

• Mined 1,190 Bitcoins4, an increase of 322%
  Y/Y; we continue to expect momentum in our mining results over the coming months.
• Self-mining hash rate reached ~76.7 EH/s.
• Co-mining hashrate of 18.7 EH/s driven by Co-Mining collaboration, using Bitdeer’s mining rigs operated by 3^rd party datacenters.

Infrastructure Summary:
Bitdeer will transition its infrastructure updates from a monthly reporting cadence to quarterly disclosures issued concurrently with its financial earnings releases, providing a more meaningful and integrated perspective on the Company’s development progress. The Company’s most recent infrastructure update was disclosed alongside its Q2 2026 financial results on August 10, 2026.

Upcoming Conferences & Events:

• H.C. Wainwright & Co. 28^th Annual Global Investment Conference – New York, September 14

¹ARR as of the last day of the respective month is calculated by multiplying the daily revenue generated from all contractually obligated GPU orders on that specific day by 365. This metric provides an annualized view of the revenue run-rate based on active contracts at the end of the reporting period.

²Self-Mining (Operated in self-owned datacenters)refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated in self-owned datacenters

³Co-mining (Operatedby3^rdparty datacenters)refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated by third-party datacenters

⁴ Includes BTC from self-mining operations and BTC from co-mining operations.

⁵Other Proprietary Hash Rateincludes the hashrate from Bitdeer’s cloud hashrate business, mining rigs delivered in the crypto mining datacenters but not deployed and the mining rigs temporarily offline due to limited economic benefit.

⁶TotalProprietary Hash Rate as of July 31, 2026 includes Self-Mining Hash Rate and Other Proprietary Hash Rate.

⁷Bitcoins helddoes not include Bitcoins from customer deposits but does include Bitcoins that are pledged as collateral by us.

⁸Utilization Rateas of the last day of the respective month is calculated as the total number of GPUs under internal and external orders divided by the total number of deployed GPUs.

About Bitdeer Technologies Group

Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X@Bitdeer and LinkedIn @Bitdeer.

Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on social media and other communication channels listed on its website.

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

For investor and media inquiries, please contact:

Investor Relations
Tesh Dahya, Head of Investor Relations
tesh.dahya@bitdeer.com

Media
Elev8 New Media
Jessica Starman, MBA
bitdeer@elev8newmedia.com

What were Bitdeer (BTDR) key production and operations metrics for July 2026?

Bitdeer reported 1,190 Bitcoin mined, 81.7 EH/s total proprietary hash rate and approximately $76M AI Cloud ARR in July 2026. According to Bitdeer, deployed GPUs reached 4,248 with 95% utilization, and Bitcoin holdings stood at 257 BTC at month end.

What are the terms of Bitdeer (BTDR) $4.7B AI/HPC data center lease in Norway announced in August 2026?

Bitdeer announced a roughly $4.7B, 16-year AI/HPC lease for its Tydal, Norway campus with a Volta subsidiary. According to Bitdeer, the contract may reach $8.0B with an 8-year extension and is expected to be backed by about $1.3B in letters of credit.

How many Bitcoins did Bitdeer (BTDR) mine in July 2026 and how does it compare year over year?

Bitdeer mined 1,190 Bitcoins in July 2026, a 322% year-over-year increase from 282 Bitcoins in July 2025. According to Bitdeer, this was supported by self-mining hash rate of about 76.7 EH/s and co-mining hash rate of 18.7 EH/s.

What is Bitdeer (BTDR) AI Cloud ARR and GPU utilization as of July 2026?

Bitdeer reported approximately $76M in AI Cloud annual recurring revenue with 4,248 GPUs deployed and 95% utilization in July 2026. According to Bitdeer, 3,517 GPUs were under external subscription, indicating strong ongoing demand for its AI compute services.

What is included in Bitdeer (BTDR) 141.4 MW AI Cloud pipeline as of July 2026?

Bitdeer’s AI Cloud pipeline totals 141.4 MW of IT load across facilities in Malaysia, Norway and the U.S. According to Bitdeer, the A102 9.5MW Malaysia site is fully committed with over $800M expected revenue, and several larger Vera Rubin-based sites are planned.

How will Bitdeer (BTDR) change its infrastructure reporting cadence after July 2026?

Bitdeer plans to shift from monthly to quarterly infrastructure updates issued alongside financial results. According to Bitdeer, this change aims to provide a more integrated view of development progress, with the most recent combined update released with Q2 2026 earnings on August 10, 2026.

What does the fully committed A102 Malaysia facility mean for Bitdeer (BTDR) revenue?

The 9.5MW A102 facility in Malaysia is fully committed under long-term offtake agreements, representing expected revenue above $800M. According to Bitdeer, this capacity was contracted ahead of energization, contributing to its approximately $76M AI Cloud ARR and strengthening future contracted cash flows.

Source: www.stocktitan.net