Bitdeer Shares Surge 23% on $4.7 Billion AI Data Center Deal

Bitdeer’s pivot into high-performance computing just separated mining firms with a future from those without. The company co-founded by Jihan Wu watched its shares surge 23% after announcing a massive AI colocation deal in Norway.

According to the original report, subsidiary Tydal Data Center AS signed a 16‑year agreement with Volta Tydal AS for 121 megawatts of IT capacity—roughly 133 MW of total power—at the Tydal AI/HPC campus.

The contract is valued at $4.7 billion over its initial term, with an eight‑year renewal option that could push the total to about $8 billion. Crypto Miners Retool for the AI Era The deal is not a one‑off.

It accelerates a trend that started quietly after Bitcoin’s latest halving chopped miner revenue.