Bitdeer Applied sciences Group’s AI cloud division has signed a 10-year service settlement for A202, a 65.1-megawatt information middle in Johor Bahru, Malaysia. The deal marks the corporate’s largest single capability addition in Southeast Asia.
A202 is situated on the identical Johor Bahru campus as Bitdeer AI’s present 21.7MW A201 facility, in response to the corporate. As soon as the brand new website turns into operational, the 2 information facilities will present a mixed 86.8MW of AI cloud capability, based mostly on crucial IT load. Bitdeer AI expects to begin powering A202 within the third quarter of 2027.
Bitdeer AI is constructing A202 on land it already controls, permitting the corporate to increase present energy, liquid-cooling, and community infrastructure to the brand new facility. This strategy is predicted to additional cut back the time wanted to get the information middle totally working.
The A202 information middle is designed for liquid-cooled, rack-scale NVIDIA {hardware}, together with the GB300 NVL72 and Vera Rubin techniques. It should additionally assist each GPU cloud companies and rel=”nofollow noopener” goal=”_blank”>expects A202 to generate related income per megawatt to its A102 facility, the place contracts protecting the following 5 years are value greater than $800 million in anticipated income throughout 9.5MW. The corporate additionally plans to fund the growth largely by buyer prepayments.
Bitdeer stated it goals to have upfront funds cowl greater than half of the capital spending for every facility, with the rest financed by contracted money flows and working money stream.
CFO Michael G. Potter linked the growth to robust buyer demand. He added that curiosity in “liquid-cooled, rack-scale AI Cloud capability” for 2027 was quickly transferring previous the market’s accessible provide, additional explaining that A102 was totally booked earlier than it was energized, and A201 is already in superior negotiations with potential prospects.
Bitdeer chases 350 megawatts by 2028
With A202 added, Bitdeer AI’s secured AI cloud capability has reached about 206.5MW throughout Malaysia, Norway, and the US. That places the corporate near 59% of the way in which towards its goal of as much as 350MW in AI-ready capability by the primary quarter of 2028.
Bitdeer, listed on Nasdaq as BTDR, initially began off as a Bitcoin mining operation based by former Bitmain CEO Jihan Wu. The corporate has now inculcated the cloud enterprise in a separate division, working a hybrid mannequin which doesn’t totally abandon mining. It has additionally been named a most well-liked NVIDIA Cloud Associate.
BTDR traded at $11.97 as of the time of writing, up 3.73% during the last 24 hours, with a market cap of about $1.64 billion.
