Bitdeer AI Cloud Deal Locks In $400M Before Malaysia Site Even Powers On
Bitdeer Technologies just locked in one of its biggest bets yet on artificial intelligence, and it has nothing to do with mining Bitcoin. The company announced a Bitdeer AI cloud deal worth roughly $400 million in contracted revenue, tied to a five-year offtake agreement that will fill half the capacity of a brand-new data center in Malaysia. For a business built on crypto mining rigs, it’s a striking signal of where the company now wants to plant its flag.
Key takeaways
- Bitdeer secured approximately $400 million in contracted revenue through a five-year offtake agreement for AI cloud services.
- The deal covers about 50% of capacity at Bitdeer’s new 9.5 MW liquid-cooled data center in Malaysia, known as A102.
- Services begin in Q1 2027, so the agreement won’t add any revenue in 2026.
- The customer will prepay more than half of the associated capital expenditures, easing Bitdeer’s upfront financial risk.
- Bitdeer AI is targeting up to 350 MW of AI-ready data center capacity globally by Q1 2028, backed by an active pipeline exceeding $2 billion.
Bitdeer’s $400M AI Cloud Offtake Deal in Malaysia
The agreement, announced on August 19, gives Bitdeer a rare thing in the capital-hungry world of AI infrastructure: guaranteed revenue before the equipment even switches on. The deal was struck with what the company describes only as a customer of “high credit quality,” and it locks in nearly half a billion dollars in commitments over five years.
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