Wu Blockchain (@WuBlockchain): Bitdeer Shares Surge 23% on $4.7 Billion AI Data Center Deal
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Bitdeer Shares Surge 23% on $4.7 Billion AI Data Center Deal Bitdeer, founded by Bitmain co-founder Jihan Wu, announced that its subsidiary Tydal Data Center AS has signed a 16-year colocation and services agreement with Volta Tydal AS. The project will provide 121 MW of IT capacity, or approximately 133 MW of total power, for AI computing infrastructure at the Tydal AI/HPC campus in Norway. The agreement is expected to generate approximately $4.7 billion in contracted revenue over its initial term, with an eight-year renewal option that could bring the total contract value to around $8 billion. Bitdeer shares surged 23% following the announcement.