Bitdeer Technologies signed colocation lease agreement for AI data center capacity in Tydal, Norway.

On June 29, Bitdeer Technologies Group (NASDAQ: BTDR) announced that its wholly owned subsidiary, Tydal Data Center AS, had executed a colocation lease agreement for its Tydal, Norway AI data center site. The lease has not yet taken effect and remains contingent on certain conditions, including the undisclosed counterparty completing external customer and supplier arrangements.

Bitdeer expects to disclose commercial terms and projected business impact within the next month, once the lease becomes effective.

This filing represents the first concrete contract milestone for a facility Bitdeer has positioned as central to its AI infrastructure expansion. Haris Basit, Chief Strategy Officer, characterized the agreement as "an exceptional step in Bitdeer's execution of its global AI infrastructure strategy."

In its April 2026 operations update, Bitdeer identified executing colocation lease agreements as management's top priority, noting that Tydal was in advanced negotiations. The company's February 2026 earnings release outlined two Tydal phases—50 MW and 175 MW—both categorized as "crypto converting to AI" with target completion in Q4 2026.

By March 30, Bitdeer announced a revised target of 180 MW gross installed capacity at Tydal by December 2026. The facility is being designed for Nvidia's Vera Rubin AI platform and is expected to become Norway's largest operational AI data center and among Europe's largest by installed capacity.

As of 2026, Bitdeer has disclosed total electrical capacity of 1,658 MW across sites in the United States, Norway, Bhutan, and Ethiopia.