PartnershipAug 10, 2026, 10:31 AM
Bitdeer Signs $4.7B Data Center Lease with Volta
AI Summary
Bitdeer Technologies Group announced a significant colocation lease and services agreement through its subsidiary, Tydal Data Center AS (TDC), with Volta Tydal AS (Volta). The deal is valued at approximately $4.7 billion over an initial 16-year term, with potential to reach $8.0 billion over 24 years, and involves delivering 121 IT MW in Norway. Additionally, the company filed an automatic shelf registration statement for an ATM program to offer up to $1.0 billion of Class A ordinary shares.
Key Highlights
- Bitdeer's subsidiary, TDC, entered a colocation lease and services agreement with Volta Tydal AS.
- The agreement has a total contract value of approximately $4.7 billion over an initial 16-year term.
- An 8-year renewal option could increase the total contract value to approximately $8.0 billion over 24 years.
- TDC will deliver 121 IT MW of critical load at the Tydal, Norway campus, with an estimated 90% NOI margin.
- Volta's obligations are backed by approximately $1.3 billion in Letters of Credit from J.P. Morgan affiliates and another global financial institution.
- Remaining capital expenditure for the project is approximately $500 million.
- Bitdeer also filed an automatic shelf registration statement for an At Market Issuance (ATM) program to offer up to $1.0 billion in Class A ordinary shares.
Price Impact
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