Bitdeer signs colocation lease for Norway AI data center site

Bitdeer Technologies Group (NASDAQ: BTDR) announced that its wholly-owned subsidiary, Tydal Data Center AS, has signed a colocation lease agreement for an AI data center site in Tydal, Norway.

The lease has not yet taken effect and remains subject to conditions outside of Bitdeer's control, including the completion of certain external customer and supplier arrangements by the counterparty. The company stated there is no assurance the conditions will be satisfied or that the lease will become effective.

Bitdeer said it expects to issue a public announcement with commercial terms and expected business impact within the next month, if the lease becomes effective.

Haris Basit, Chief Strategy Officer of Bitdeer, said in a statement: "Signing this agreement marks an exceptional step in Bitdeer's execution of its global AI infrastructure strategy. We look forward to sharing comprehensive details of this transaction, including terms and strategic context, once the Lease has become effective."

Bitdeer is headquartered in Singapore and operates data centers across the United States, Norway, Bhutan, and Ethiopia.

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