Bitdeer AI Contracts Over 70% of A201 Site With $1.7 Billion Expected

Bitdeer AI, part of Bitdeer Technologies Group (BTDR ), said in a September 29, 2026 news release that it has secured off-take commitments covering more than 70% of the approximately 21.7MW of capacity at its A201 data center facility in Johor Bahru, Malaysia, and that it has contracted more than $1.7 billion in expected revenue at the site spanning the next five years.

The commitments cover A201’s AI Cloud business and were secured ahead of the facility’s energization, which Bitdeer AI targets for the first quarter of 2027.

Bitdeer AI, an AI neocloud service provider and preferred NVIDIA Cloud Partner, said it has now built a total expected revenue backlog of approximately $2.9 billion.

A201 Design and GPU Rack Procurement

According to the release, the A201 facility is a liquid-cooled facility purpose-built for rack-scale NVIDIA GB300 NVL72 deployments, with a portion of its rack space designed to support NVIDIA’s next-generation Vera Rubin platform. Ahead of energization, Bitdeer AI procured more than 100 racks of NVIDIA GB300 NVL72 systems at market price from an unaffiliated third-party supplier. The company said the advance purchase is intended to ensure seamless post-energization deployment and rapid time-to-market, and that the procurement is subject to customary representations, warranties, covenants, indemnities and termination rights.

“Designing A201 to support both current-generation GB300 and next-generation Vera Rubin deployments allows us to serve customers across multiple platform generations from a single site, while maintaining the capital discipline that underpins our AI Cloud strategy,” said Michael G. Potter, chief financial officer of Bitdeer.

Capacity Targets, Funding and Demand Pipeline

Bitdeer AI is targeting up to 350MW of AI Cloud data center capacity to be delivered by the first quarter of 2028. A201 represents 21.7MW of the 350MW target, and the company said that together with the recently announced A202 facility, the Johor Bahru campus will represent 86.8MW of AI Cloud data center capacity. It characterized the Johor Bahru build-out as advancing its strategy of developing high-density AI infrastructure in markets with strong power availability and proximity to fast-growing enterprise AI demand.

The company said it develops data center capacity consistent with contracted demand. It expects to fund that development primarily through customer prepayments, operating cash flow, and financing secured against contracted cash flows, according to the release.

Bitdeer AI said demand for uncontracted capacity at its other AI Cloud sites remains strong. Its active pipeline for AI cloud capacity exceeds $10 billion, contract value per megawatt varies with service mix, contract duration and site, and the company expects the pipeline for AI Cloud capacity to continue to increase, according to the release.

The off-take commitments follow Bitdeer AI’s September 14, 2026 announcement that it had entered into a 10-year data center services agreement for A202, a 65.1MW facility on the same Johor Bahru campus that the company described as its largest single capacity addition to date in Southeast Asia, with energization expected in the third quarter of 2027. The company said in that release that it expected A202’s per-megawatt economics to be broadly consistent with those of its A102 facility, where five-year off-take commitments represented total expected revenue of over $800 million across 9.5MW, while noting that contract economics vary by site, service mix and duration. The earlier release stated that no off-take commitments had been entered into with respect to A201 or A202 capacity as of its date: Potter said at the time that A201 was in advanced negotiations, and Retainna Lin, vice president of AI Cloud, said A201 was already secured at the data center level and was scheduled to be ready for service in January 2027. The earlier release said that with A202, Bitdeer AI’s secured AI Cloud data center capacity, defined as capacity owned or under an executed data center services agreement, totaled approximately 206.5MW across sites in Malaysia, Norway and the United States, approximately 59% of the up-to-350MW target, and noted that all megawatt figures referred to critical IT load.