Bitdeer Technologies Group (BTDR) saw its stock increase by 8.36% to reach $10.44 following the announcement of a multi-year Malaysian data center agreement. The five-year contract is projected to generate approximately $400 million in revenue from operations at the A102 facility.
The agreement secures about 50% of the A102 facility's 9.5MW total capacity before the site becomes operational. Bitdeer reported that the customer possesses robust credit credentials, though their identity remains confidential. Service delivery is scheduled to commence in the first quarter of 2027, meaning the contract will not generate revenue or incur operational expenses throughout 2026.
Bitdeer structures its cloud service agreements to ensure customer advance payments exceed 50% of corresponding capital expenditures, a strategy intended to reduce upfront capital burdens. The company maintains an objective to achieve 350MW of AI cloud infrastructure by the first quarter of 2028, with its worldwide AI cloud pipeline currently exceeding $2 billion in potential contracts across approximately 24.5MW of computing resources.
The company continues to diversify its operations beyond traditional Bitcoin mining, which it operates in the United States, Bhutan, Norway, and Ethiopia. Earlier in the month, Bitdeer executed a 16-year arrangement covering 121MW at its Tydal, Norway location, which projects approximately $4.7 billion in revenue over its initial contract period.
