Bitdeer has announced the conclusion of a long-term equipment lease agreement. The sixteen-year contract with Volta Tydal AS is estimated at $4.7 billion. The deal concerns a production site in the Norwegian municipality of Tudal. The facility has a total capacity of one hundred and eighty megawatts. The infrastructure is being converted from mining crypto assets to meet the needs of the AI sector. Tydal Data Center AS, a subsidiary, is committed to providing 121 MW of electricity. The company plans to complete the remaining sections of the campus in 2027. Against the background of the press release, Bitdeer shares jumped by more than twelve percent. Quotes on the Nasdaq stock exchange increased from 11.2 to 12.6 dollars. Investors reacted positively to the signing of a major commercial contract.

The agreement provides for the possibility of an additional extension for another eight years. The prospective extension will provide Bitdeer with total revenue of up to eight billion dollars. The allocated 121 MW of computing power will be configured with Nvidia graphics processors. The equipment is designed for the needs of an unnamed leading AI laboratory. Bloomberg reported on the involvement of the company Anthropic in this transaction. The magazine's sources claim that Anthropic has a contract with Volta Infra Holdings. Volta Tydal AS, the parent company, has received a ten billion agreement. Bitdeer has leased most of the campus for a long-term commercial lease. The company will manage an infrastructure consisting of modern Nvidia chips. The ultimate recipient of computing power is precisely Anthropic.

Other mining companies are also actively expanding in the field of artificial intelligence. Industry leaders note the growing economic attractiveness of the new direction. The CEO of MARA has previously emphasized the benefits of computing for AI labs. It simply becomes more profitable to spend electrical energy on training neural networks. Traditional mining of crypto assets requires constant updating of the hardware fleet. Refurbishment of existing campuses allows efficient use of infrastructure. Having long-term energy contracts is becoming a key competitive advantage. Major players are consistently adapting their own production facilities. The demand for computing resources from AI companies continues to grow. The industry is gradually shaping new ways of using affordable energy.