Bitdeer AI, the artificial intelligence division of Bitcoin mining company Bitdeer, signed a five-year customer deal expected to generate approximately $400 million in total revenue. The agreement covers about 50% of the capacity of its A102 Malaysia facility before its energization, with revenue expected to begin in the first quarter of 2027. Bitdeer AI is targeting 350 megawatts of AI cloud data center capacity by the first quarter of 2028. The undisclosed customer is described as having high credit quality. Bitdeer’s stock price rose 7% following the announcement.
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