Bitdeer shares jump 23% after $4.7B Norway AI deal

Shares of Bitdeer Technologies Group surged on Tuesday, August 4, 2026, after the company announced a landmark 16-year colocation and services agreement for a major artificial intelligence data center campus in Norway. The deal, valued at approximately $4.7 billion in contracted payments, represents a significant step in the company's strategic pivot from Bitcoin mining to AI infrastructure.

The agreement involves Bitdeer's subsidiary, Tydal Data Center AS, and Volta Tydal AS, a subsidiary of the AI infrastructure platform Volta Infra Holdings. The contract covers 121 megawatts of critical IT capacity at Bitdeer's Tydal, Norway campus, with the potential total value reaching $8 billion if an eight-year renewal option is exercised. The announcement sent Bitdeer's stock sharply higher, with early reports indicating a gain of approximately 23 percent.

Under the terms of the modified gross lease, Bitdeer will act as the facility landlord and operator, delivering power and cooling infrastructure fitted to NVIDIA specifications. Volta will own and operate the NVIDIA graphics processing units (GPUs) supplied by Dell Technologies, selling compute capacity to an unnamed leading AI lab....