Bitdeer Sells Out 9.5MW Malaysia AI Site With $800M+ Expected Revenue

Bitdeer AI, the artificial intelligence cloud unit of Bitdeer Technologies Group (BTDR ), said it has fully contracted the approximately 9.5 megawatts of capacity at its A102 data center in Malaysia ahead of the facility’s planned energization in the first quarter of 2027. Inclusive of an offtake commitment announced on August 19, 2026, the company said it has now entered into five-year long-term offtake commitments at the site with total expected revenue of over $800 million.

The company’s announcement stated that the contracts are not expected to have a revenue impact in 2026. Revenue and associated costs are expected to begin in the first quarter of 2027, when services commence.

Contract Structure and Funding Approach

As a general matter, Bitdeer AI said it seeks to structure its AI cloud contracts so that customer prepayments are expected to cover more than 50% of the associated capital expenditure. The company stated that it develops data center capacity consistent with contracted demand, and funds that development through customer prepayments, operating cash flow, and financing secured against contracted cash flows.

The sell-out follows an August 19, 2026 announcement in which Bitdeer AI disclosed that approximately 50% of A102’s capacity had been contracted under a five-year long-term offtake commitment with total expected revenue of approximately $400 million from a customer it described as being of high credit quality. The company said at the time that it was in active negotiations on additional contracts covering the balance of the A102 facility as well as capacity at other sites.

“Roughly half of A102 is contracted ahead of energization, on a long term offtake commitment basis, with a customer of high credit quality,” Michael G. Potter, the company’s chief financial officer, said in the August 19 release. “Our active pipeline for AI cloud capacity now exceeds $2 billion, or approximately 24.5MW. Together with our recently announced lease at our Tydal, Norway site, this reflects our ability to bring AI capacity online and contract it ahead of energization.”

Facility Specifications and Capacity Target

The A102 facility is a liquid-cooled, multi-customer site purpose-built for rack-scale NVIDIA GB300 NVL72 deployments, capable of delivering both GPU cloud services and data hosting from a single location, according to the company. The facility represents 9.5 megawatts of Bitdeer AI’s target of 350 megawatts of AI Cloud data center capacity to be delivered by the first quarter of 2028, and is among the first of these sites to have contracted capacity.

Bitdeer AI said the Malaysia build-out advances its strategy of developing high-density AI infrastructure in markets with strong power availability and proximity to fast-growing enterprise AI demand.

Pipeline and Next Sites

The company said demand for uncontracted capacity at its other AI Cloud sites remains strong, and that its active pipeline for AI cloud capacity now exceeds $2 billion. Bitdeer AI said it is now concentrating on its 21.7-megawatt Johor Bahru site in Malaysia as well as capacity at other sites. Contract value per megawatt varies with service mix, contract duration, and site, the company said, adding that it expects the pipeline for AI Cloud capacity to increase in the next several quarters.

Bitdeer AI, headquartered in Singapore, describes itself as an emerging AI cloud service and AI infrastructure provider and a preferred NVIDIA Cloud Partner. It offers GPU Cloud, Model Studio, and AI Agent Builder services, supported by Bitdeer Technologies Group’s global data center network across the United States, Norway, Bhutan, Canada, and Malaysia.

The company cautioned that the announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include the capacity target, expected revenue figures, prepayment coverage expectations, the timing of energization and service commencement, and pipeline expectations. The company said the forward-looking statements involve known and unknown risks and uncertainties, including equipment delivery schedules, site readiness and power availability, financing arrangements and cost of capital, customer performance, and contract terms, as described in its most recent Annual Report on Form 20-F and subsequent reports furnished to the U.S. Securities and Exchange Commission on Form 6-K.