Bitcoin miner Bitdeer is dedicating 65.1MW of capacity to Nvidia AI services, backed by a $7B project pipeline as it transitions from cryptocurrency to high-performance compute.
Bitdeer has secured an additional 65.1 megawatts of AI data-center capacity in Malaysia, bringing its committed AI Cloud footprint to approximately 206.5 MW. The expansion underscores how bitcoin miners are increasingly leveraging their power infrastructure to pursue potentially larger and more predictable AI revenues, with Bitdeer targeting 350 MW by the first quarter of 2028 as its AI Cloud pipeline tops $7 billion.
Bitdeer is pushing deeper into artificial intelligence infrastructure, adding its largest single AI Cloud capacity expansion to date in Southeast Asia. The bitcoin miner and data-center operator signed a 10-year agreement for a 65.1 MW facility, known as A202, at its existing Johor Bahru campus in Malaysia. Energization is expected in the third quarter of 2027.
The new site lifts Bitdeer AI's secured capacity to roughly 206.5 MW across Malaysia, Norway and the U.S.—representing about 59% of its 350 MW target for Q1 2028. More importantly, Bitdeer says its active AI Cloud pipeline now exceeds $7 billion in potential contract value.
**Bitcoin Infrastructure Is Becoming AI Infrastructure**
A202 will sit alongside Bitdeer's 21.7 MW A201 facility, giving the Johor campus a combined 86.8 MW of AI capacity. The site is being designed for liquid-cooled, rack-scale Nvidia systems, including GB300 NVL72 and Vera Rubin platforms, and can support both GPU cloud services and data hosting.
For Bitdeer, the appeal is straightforward: infrastructure originally built around power-intensive crypto operations can be repurposed for another market where electricity, cooling and data-center access are scarce.
"Demand for liquid-cooled, rack-scale AI Cloud capacity in 2027 is running well ahead of what the market can supply," CFO Michael G. Potter said.
This puts Bitdeer squarely in a broader industry trend. Bitcoin miners are increasingly trying to monetize their power portfolios through AI and high-performance computing, rather than relying solely on bitcoin price cycles.
**The Economics Could Be Much Larger Than Mining**
Bitdeer expects A202's per-megawatt economics to be broadly similar to its A102 facility, where 9.5 MW of capacity is tied to more than $800 million in expected revenue over five years. The company plans to use customer prepayments to cover more than half of GPU-related capital expenditure where possible, reducing upfront financing needs. A201 is already in advanced negotiations, while A102 sold out ahead of energization.
These figures help explain why miners are pursuing AI aggressively. Bitcoin mining revenue remains highly exposed to network difficulty and crypto market prices. Long-term AI contracts offer a different profile: contracted cash flows and potentially higher revenue density per megawatt.
**Bitdeer Is Still Mining Bitcoin**
The shift does not represent an exit from bitcoin. Bitdeer mined 990 BTC in June, up 7.5% month over month, while continuing to deploy proprietary mining machines. In August, it also committed approximately 1.93 EH/s of bitcoin mining capacity to a 28 MW wind-powered co-mining project in Texas.
The company's strategy is increasingly dual-track. Bitdeer is still building bitcoin production, but its AI business is becoming too large to view as a side bet. If the $7 billion pipeline converts into contracts, the company may ultimately be valued less like a pure crypto miner and more like a hybrid digital-infrastructure operator.