Bitdeer signs USD 4.7 billion 16-year Norway AI/HPC data center lease with Volta unit

Reuters2026/08/04 12:03

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Bitdeer signed a 16-year colocation lease with Volta’s subsidiary for its Tydal, Norway AI/HPC campus.
Contracted revenue totals about USD 4.7 billion over the base term; an 8-year extension could lift total value to about USD 8 billion.
Agreement covers 121 IT MW; site to run NVIDIA GPUs for an unnamed leading AI lab, with Dell as technology provider.
Volta obligations expected to be supported by about USD 1.3 billion in letters of credit arranged by J.P. Morgan affiliates and another global bank.
Bitdeer cited remaining capex of about USD 500 million; Phase 1 targeted for Dec. 31, 2026, Phase 2 for Mar. 31, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitdeer Technologies Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608040800PRIMZONEFULLFEED9803167) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitdeer signs USD 4.7 billion 16-year Norway AI/HPC data center lease with Volta unit

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