Bitdeer secures $400M AI contract for Malaysia facility

Bitdeer Technologies Group signed a five-year customer agreement expected to generate approximately $400 million in revenue from roughly half of the capacity at its A102 data center facility in Malaysia, the company announced on August 19. The contract, with an undisclosed customer described as having high credit quality, covers about 50 percent of the 9.5-megawatt liquid-cooled AI cloud facility before the site reaches energization.

Services under the agreement are scheduled to begin in the first quarter of 2027, meaning the contract will not contribute revenue or related operating costs during 2026. The customer will prepay more than 50 percent of the associated capital expenditures, a structure that reduces the upfront capital burden on Bitdeer while locking in long-term revenue. The company typically funds expansion through a combination of customer prepayments, operating cash flow, and financing secured against contracted revenue streams.

The A102 facility is designed for liquid-cooled, high-density computing systems that can serve both cloud computing customers and dedicated data hosting clients. Bitdeer said the remaining capacity at the site is generating strong interest...