Bitdeer Liquidates Bitcoin to Accelerate Transformation into AI, Will Build Norway's Largest AI Data Center

March 31 (The Block) — Bitcoin miner Bitdeer said Monday it’s partnering to build Norway’s largest AI data center. Bitdeer’s subsidiary Tydal Data Center AS (TDC) has contracted with Norwegian firm Data Center Installations AS (DCI) to “construct and retrofit” an existing facility for Nvidia’s latest Vera Rubin AI technology. Once complete, the data center will “primarily” support the technology’s operational needs. TDC co-founder and chair Haakon Bryhni noted: “Retrofitting the Tydal facility for large-scale AI deployment is a key part of Bitdeer’s global strategy to meet booming AI data center demand. This puts TDC at the forefront of the AI revolution—delivering sustainable, capital-efficient growth while creating local value.” The collaboration marks Bitdeer’s latest push to accelerate its AI shift. The company recently disclosed it’s liquidated its corporate Bitcoin holdings and plans to raise $300 million via a private placement of convertible preferred notes. As Bitcoin mining profitability continues to drop, AI-focused computing power and infrastructure are growing more attractive for miners.