Bitdeer surges over 11% in pre-market trading, boosted by a 16-year AI data center lease agreement
1 hours ago
Bitdeer announced its subsidiaries Tydal Data Center AS and Volta Tydal AS have signed a 16-year hosting, leasing and services agreement for the Tydal AI/HPC campus in Norway. The company will deliver 121 IT megawatts (approx. 133 total megawatts) of capacity, all configured with NVIDIA GPUs, to serve a leading AI lab. The base-term contract generates roughly $4.7 billion in revenue, with an 8-year renewal option bringing potential total contract value to approximately $8 billion. The modified gross rent averages $202 per kilowatt per month, with electricity costs reimbursed by the tenant and a 3% annual escalation clause. Bitdeer projects a net operating income (NOI) margin of around 90%, with annual revenue per IT megawatt estimated at roughly $2.4 million. Per BIT (bit.com) market data, Bitdeer’s US pre-market trading is up 11.7%, changing hands at $12.77.
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