Bitdeer AI Further Expands AI Cloud Services with Off-take Commitments of more than 70% of Its 21.7MW A201 Malaysia Data Center

Bitdeer AI expects to fund capacity development primarily through customer prepayments, operating cash flow and financing against contracted cash flows.

Rhea-AI Summary

Bitdeer Technologies Group (Nasdaq: BTDR) announced that Bitdeer AI secured customer commitments for more than 70% of its A201 data center capacity. The approximately 21.7MW facility in Johor Bahru, Malaysia is scheduled for energization in Q1 2027. Contracted revenue at the site is expected to exceed $1.7 billion over 5 years, bringing total expected revenue backlog to approximately $2.9 billion.

Bitdeer AI has procured more than 100 racks of NVIDIA GB300 NVL72 systems ahead of energization. It targets up to 350MW of AI Cloud capacity by the first quarter of 2028; A201 and the recently announced A202 facility together will represent 86.8MW. Its active AI Cloud capacity pipeline exceeds $10 billion, and the company expects it to increase.

7 points · 1 major

PositiveiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.A201 contracted revenue is expected to exceed $1.7 billion over 5 years. 57% of market cap
• Moderate pointA201 customer commitments cover more than 70% of approximately 21.7MW, ahead of energization.
• Moderate pointTotal expected revenue backlog has reached approximately $2.9 billion.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Bitdeer AI targets up to 350MW of AI Cloud capacity by the first quarter of 2028.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Active AI Cloud capacity pipeline exceeds $10 billion; Bitdeer AI expects it to increase.

2 minor points

• Minor pointBitdeer AI has procured more than 100 racks of NVIDIA GB300 NVL72 systems at market price.
• Minor point. Forward-looking: it has not happened yet and may not happen.A201 and A202 together will represent 86.8MW of AI Cloud capacity at Johor Bahru.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Capacity development funding is expected primarily from customer prepayments, operating cash flow and financing against contracted cash flows.
• Minor point. Forward-looking: it has not happened yet and may not happen.A201 deployment depends on facility energization, scheduled for Q1 2027.

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Market Reaction – BTDR

$10.88 – $11.45 Day Range

$3.00B Market Cap

On Sep 29, the day this news came out, the latest delayed price for BTDR is 1.28% above the previous close. Our momentum scanner has recorded 3 alerts for this stock so far that day. The latest delayed price is $11.04. Relative volume is above average at 1.6x the average.

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Key Figures

A201 capacity with off-take commitments: More than 70% of approximately 21.7MW Expected contracted revenue: More than $1.7 billion Expected revenue backlog: Approximately $2.9 billion +2 more

A201 capacity with off-take commitments

More than 70% of approximately 21.7MW

AI Cloud capacity ahead of energization in Q1 2027

Expected contracted revenue

More than $1.7 billion

A201 site, over the next 5 years

Expected revenue backlog

Approximately $2.9 billion

Company total

NVIDIA GB300 NVL72 racks procured

More than 100 racks

Procured ahead of A201 energization at market price

AI Cloud capacity target

Up to 350MW

Targeted for delivery by the first quarter of 2028

Key Terms

off-take commitments, liquid-cooled, rack-scale, energization

4 terms

off-take commitments financial

"secured off-take commitments of more than 70%"

A contractual promise by a buyer to purchase specified quantities of a producer’s future output over a set period. The contract typically fixes or links price (fixed, indexed, or formula-based), sets delivery schedules and quality standards, and may include minimum purchase obligations, termination conditions, and assignment or financing provisions. Off-take commitments are forward sales used to guarantee a market for production—often relied on by producers to obtain project financing—but they are distinct from one-off spot sales and can be conditional (for example, on project completion or regulatory approvals).

liquid-cooled technical

"The A201 facility is a liquid-cooled facility"

A liquid-cooled system uses a circulating fluid (like water or a special coolant) to carry heat away from electronic components or machinery instead of relying on air. For investors, this signals equipment designed for higher performance, tighter temperature control and often greater reliability, but also typically higher upfront cost and potential maintenance needs — much like a car’s radiator versus a basic fan.

rack-scale technical

"purpose-built for rack-scale NVIDIA GB300 NVL72 deployments"

Rack-scale describes a data center approach where an entire server rack — the metal shelf holding many computers, storage units and network gear — is designed and managed as a single, integrated system rather than a collection of separate machines. For investors, rack-scale matters because it can lower operating costs, speed deployment, and improve performance per dollar for cloud and enterprise customers, affecting demand for hardware, software and services tied to large-scale computing.

energization technical

"ahead of energization in Q1 2027"

Energization is the process of supplying electrical power or otherwise activating systems, equipment, or facilities so they can operate. For investors, energization signals a shift from construction or testing into commissioning and operational readiness, affecting timelines for production, revenue, regulatory inspections and safety checks—like flipping the switch that allows a new factory, power line or industrial asset to actually run and be evaluated.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Total Expected AI Cloud Revenue of more than $1.7 billion over 5 years

SINGAPORE, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Bitdeer AI, part of Bitdeer Technologies Group (Nasdaq: BTDR) ("Bitdeer AI"), an AI neocloud service provider and preferred NVIDIA Cloud Partner, today announced that it has secured off-take commitments of more than 70% for its approximately 21.7MW capacity at its A201 data center facility in Johor Bahru, Malaysia for AI Cloud business ahead of energization in Q1 2027.

Bitdeer AI has contracted more than $1.7 billion in expected revenue at this site spanning the next 5 years. The Company has now built a total expected revenue backlog of approximately $2.9 billion.

The A201 facility is a liquid-cooled facility purpose-built for rack-scale NVIDIA GB300 NVL72 deployments, with a portion of its rack space designed to support NVIDIA's next-generation Vera Rubin platform. Bitdeer AI has procured more than 100 racks of NVIDIA GB300 NVL72 systems ahead of energization at market price from an unaffiliated third-party supplier, ensuring seamless post-energization deployment and rapid time-to-market. This procurement is subject to customary representations, warranties, covenants, indemnities and termination rights.

Bitdeer AI is targeting up to 350MW of AI Cloud data center capacity to be delivered by the first quarter of 2028. Bitdeer AI develops data center capacity consistent with contracted demand and expects to fund that development primarily through customer prepayments, operating cash flow, and financing secured against contracted cash flows.   A201 represents 21.7MW of the 350MW target and together with the recently announced A202 facility, the Johor Bahru campus will represent 86.8MW of AI Cloud data center capacity. The Johor Bahru build-out advances Bitdeer AI's strategy of developing high-density AI infrastructure in markets with strong power availability and proximity to fast-growing enterprise AI demand.

Demand for uncontracted capacity at Bitdeer AI's other AI Cloud sites remains strong. Bitdeer AI's active pipeline for AI cloud capacity exceeds $10 billion. Contract value per megawatt varies with service mix, contract duration and site. Bitdeer AI expects the pipeline for AI Cloud capacity to continue to increase.  

"Designing A201 to support both current-generation GB300 and next-generation Vera Rubin deployments allows us to serve customers across multiple platform generations from a single site, while maintaining the capital discipline that underpins our AI Cloud strategy," said Michael G. Potter, Chief Financial Officer of Bitdeer.

About Bitdeer AI

Bitdeer AI, part of Bitdeer Technologies Group (Nasdaq: BTDR), a AI neocloud service provider, delivers GPU cloud and full-stack AI solutions designed to simplify and scale intelligent computing and build AI computational infrastructure to support the AI revolution. Headquartered in Singapore, Bitdeer AI is a preferred NVIDIA Cloud Partner offering GPU Cloud, Model Studio, and AI Agent Builder services, supported by the Bitdeer Technologies Group's global data center network across the U.S., Norway, Bhutan, Canada, and Malaysia, with a target of up to 350MW of AI-ready data center capacity to be delivered by the first quarter of 2028. The company enables organizations across industries to advance impactful AI initiatives and drive meaningful goals globally. For more information, please visit https://www.bitdeer.ai.

To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer AI on X @Bitdeer_AI and LinkedIn @Bitdeer AI.  

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "targets," "continue," "become," "develop," or the negative of these terms or other comparable terminology.

Forward-looking statements in this press release include, without limitation, statements regarding the up-to-350MW AI-ready data center capacity target for delivery by the first quarter of 2028 and the expectation of funding that build-out primarily through customer prepayments, operating cash flow and financing secured against contracted cash flows; Bitdeer AI's stated policy of developing data center capacity consistent with contracted demand; Bitdeer AI's strategy of developing high-density AI infrastructure in markets with strong power availability and proximity to enterprise AI demand; the 21.7MW A201 facility; the off-take commitments covering more than 70% of A201's approximately 21.7MW of capacity and the expected five-year term of those commitments; expected timing of energization of the A201 facility in the first quarter of 2027; total expected contract revenue of more than $1.7 billion at this site and the total expected revenue backlog of approximately $2.9 billion; the procurement of more than 100 racks of NVIDIA GB300 NVL72 systems and their expected deployment following energization; the expectation that the Johor Bahru campus will represent 86.8MW of AI Cloud data center capacity; the strength of demand for uncontracted capacity at Bitdeer AI's other AI Cloud sites; the more-than-$10 billion pipeline; the expectation that the pipeline will continue to increase; and the A201 facility as a liquid-cooled facility purpose-built for rack-scale NVIDIA GB300 NVL72 deployments, with a portion of its rack space designed to support NVIDIA's next-generation Vera Rubin platform.

These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which it operates, and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. These risks and uncertainties include, but are not limited to: equipment delivery schedules, site readiness and power availability, financing arrangements and cost of capital, customer performance, contract terms, as well as the other risks and uncertainties described under "Item 3. Key Information, D. Risk Factors" in the Company's most recent Annual Report on Form 20-F, and in the Company's subsequent filings and reports filed with or furnished to the U.S. Securities and Exchange Commission, including on Form 6-K, which are available at www.sec.gov and on the Company's investor relations website.

These forward-looking statements speak only as of the date of this press release. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Investors are cautioned not to place undue reliance on forward-looking statements.  

Investor & Media Contacts

Investor Relations

Tesh Dahya, Head of Investor Relations -- tesh.dahya@bitdeer.com

Media

Elev8 New Media -- Jessica Starman, MBA -- bitdeer@elev8newmedia.com  

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much expected revenue has Bitdeer AI contracted at its A201 Malaysia data center?

Bitdeer AI has contracted more than $1.7 billion in expected revenue over 5 years at A201. Customer commitments cover more than 70% of the facility's approximately 21.7MW capacity.

When will Bitdeer AI's A201 data center be energized?

A201 is scheduled for energization in Q1 2027. Bitdeer AI has procured more than 100 racks of NVIDIA GB300 NVL72 systems ahead of energization for subsequent deployment.

How does Bitdeer AI determine its data center development and contract value per megawatt?

Bitdeer AI develops capacity consistent with contracted demand, while contract value per megawatt varies with service mix, contract duration and site.