Bitdeer Secures 60MW Malaysia Facility to Boost AI Capacity
Bitdeer Technologies Group (BTDR) has signed an eight-year services agreement for a 60-megawatt A103 data center facility in Malaysia. The deal expands the company's secured artificial intelligence cloud capacity to approximately 333.5 megawatts as it continues building out infrastructure for AI computing.
With this latest expansion, the company has secured roughly 95% of its overall target to deliver up to 350 megawatts of AI cloud capacity by the first quarter of 2028. Management estimates its broader customer demand pipeline at more than $10 billion, although specific financial terms for the new agreement were not disclosed. Shares of Bitdeer traded down 3.84% to $9.26 following the announcement.
Looking ahead, energization of the Malaysia facility is slated for the first quarter of 2028. Key factors to monitor include converting pipeline interest into binding customer off-take agreements for the new capacity and maintaining construction timelines ahead of planned energization.
Key points
- Bitdeer Technologies Group signed an eight-year deal for a 60MW data center facility in Malaysia.
- The deal brings total secured AI cloud data center capacity to approximately 333.5MW.
- Secured capacity now represents about 95% of Bitdeer's target of up to 350MW by Q1 2028.
- Facility energization is expected in Q1 2028, with no customer off-take agreements signed yet.
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How much capacity is Bitdeer adding with its new Malaysia facility?
Bitdeer is adding 60 megawatts of AI cloud data center capacity through an eight-year services agreement in Malaysia.
When will Bitdeer's new A103 facility start operating?
Energization of the A103 facility in Malaysia is expected to occur in the first quarter of 2028.
How close is Bitdeer to its Q1 2028 capacity goal?
Bitdeer has secured approximately 333.5 megawatts, reaching roughly 95% of its target to deliver up to 350 megawatts by Q1 2028.