NEWS | Bitdeer AI has locked in a five year deal worth around $400 million to supply artificial intelligence computing power from a new data center in Malaysia. The agreement covers about half the capacity of the facility, known as A102, and was signed with an unnamed customer described only as having strong credit standing. Services are set to begin in early 2027, so the deal won't add to this year's revenue.
Bitdeer built its name mining Bitcoin, running large scale operations across the US, Norway, Bhutan and Ethiopia. In recent years the company has been pushing hard into AI infrastructure, renting out computing power instead of using it purely for crypto mining. The Malaysia site will run on liquid cooling and house Nvidia's newest rack scale GPU systems, built to handle heavy AI workloads. It follows a separate $4.7 billion, 16 year lease Bitdeer signed in Norway earlier this month.
The bigger picture here is a shift happening across the crypto mining industry. Companies like MARA Holdings, TeraWulf, Hut 8 and IREN have all been steering spare power and infrastructure toward AI computing, chasing more stable, contract backed income instead of relying only on volatile Bitcoin prices. Bitdeer says it's aiming for 350 megawatts of AI cloud capacity by early 2028.
In BMN's view, deals like this show real money now backing the idea that Bitcoin miners can double as AI infrastructure providers, which could reshape how both industries compete for power and computing capacity. Cloud providers that don't have similar expansion plans in place may find themselves squeezed as this kind of capacity gets locked up early.
So if crypto miners keep turning into AI landlords, what happens to the companies that were never built for either?
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