Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1

Bitdeer Engages DCI to Finalise Development of Norway’s
Largest AI Data Center
March 30, 2026
Expected to be completed as early as December 2026,
the 180 MW Tydal Data Center (TDC) will primarily be used for co-location services of Nvidia’s latest Vera Rubin AI technology
OSLO, Norway, March 30, 2026 (GLOBE NEWSWIRE) -- Bitdeer
Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and
Bitcoin mining infrastructure, today announced its subsidiary, Tydal Data Center AS (“TDC”) has entered into an agreement
with Data Center Installations AS (“DCI”), a Norwegian data center and critical infrastructure specialized contractor.
Under this agreement, DCI will leverage its extensive experience
to develop and convert the TDC facility into an artificial intelligence (AI) data center primarily for co-location of the latest Nvidia
Vera Rubin AI technology. The project will deliver 180 MW of gross installed capacity with an anticipated completion date of December
2026. TDC facility will be built primarily for co-location use according to the Nvidia reference design. Based on the information currently
available, upon completion, the Tydal facility is expected to be Norway’s largest operational AI data center and one of the largest
in Europe by installed capacity.
DCI, a Sparc Group AB subsidiary, was selected as TDC’s
design and construction partner for the TDC facility because of its experience working on projects for several of Norway’s leading
data center operators.
“The transformation of our Tydal
facility is a cornerstone of Bitdeer’s global strategy to meet the explosive demand for AI data centers,” said Haakon Bryhni, Chairman
and co-founder of TDC. “By transforming our existing footprint to large AI deployments, TDC will be at the forefront of the AI revolution
while maintaining sustainable, capital-efficient growth and substantial local value creation. DCI’s track record shows its ability
to deliver according to our high execution standards.”
“The size of the project and
the execution model provide strong predictability and close control over both costs and progress,” said Bjørn Arve Olsen,
Co-Founder at DCI. “At the same time, this represents a significant milestone for DCI, both financially and operationally.”
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for AI and
Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building
AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment
procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers
advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed
data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia. To learn more, visit https://ir.bitdeer.com/
or follow Bitdeer on X @ BitdeerOfficial and LinkedIn
@ Bitdeer Group
About Tydal Data Center AS
Founded by Norwegian entrepreneurs Lars Naas and Haakon
Bryhni, TDC operates one of Norway’s largest data centers, located in Tydal municipality in Trøndelag. The TDC facility is
designed to support complex IT operations and built with industry-leading standards for power management and cooling. Located within the
Kirkvollen industrial site, the facility plans to utilize excess heat for food production on the neighboring property. TDC is a subsidiary
of Bitdeer Technologies Group.
About Data Center Installations AS
DCI is a specialized contractor dedicated exclusively to
data centers and critical infrastructure. DCI provides end-to-end services within design, planning, project management, installation,
testing, commissioning, and maintenance of technical installations, with the highest level of precision and reliability at every stage.
DCI has a proven track record in regulatory compliance and quality assurance, delivering solutions that enhance performance, security,
and resilience in modern data centers. Since 2025, the company has been part of the Swedish installation group Sparc Group AB (publ).
About Sparc Group
Sparc Group AB (publ) is an entrepreneur-driven group that
acquires, develops, and coordinates companies to create a comprehensive offering within the installation industry. Since its founding
in 2021, the group has acquired more than 90 companies within HVAC, electrical, infrastructure, and security. With over 1,000 employees,
Sparc Group now operates in both Sweden and Norway. Together, they are building a positive and growth-oriented corporate culture, characterized
by entrepreneurship, commitment, and participation. By entrepreneurs, for entrepreneurs.
For investor and media inquiries, please contact:
Investor
Relations
Tesh Dahya, Head of Investor Relations
tesh.dahya@bitdeer.com
Media
Relations
Mats Silberg
Mørland & Johnsen
msi@morlandjohnsen.no
Oscar Wilhelmsson
Press contact Sparc Group
oscar.wilhelmsson@sparcgroup.se
+46 708 85 76 67
Disclaimer
Statements in
this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not
historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation
Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,”
“plan,” “potential,” “predict,” “project,” “should,”
“target,” “will,” “would” and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from
those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the
section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential
risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange
Commission. Any forward- looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically
disclaims any obligation to update any forward- looking statement, whether due to new information, future events, or otherwise.
Readers should not rely upon the information on this page as current or accurate after its publication date.