{"slug": "bitdeer-shares-surge-23-on-4-7b-ai-data-center-deal-in-norway", "title": "Bitdeer shares surge 23% on $4.7B AI data center deal in Norway", "summary": "Bitdeer Technologies shares surged 23% after the Singapore-based company signed a $4.7 billion colocation lease for a 180 MW AI data center in Tydal, Norway, through subsidiary Tydal Data Center AS. The facility, expected to be operational by December 2026, marks a major step in Bitdeer's pivot from Bitcoin mining to AI infrastructure, following its liquidation of its Bitcoin treasury and a $325 million convertible notes offering. Bitdeer's AI Cloud services have already reached $76 million in annualized recurring revenue at 95% utilization.", "body_md": "Via bitdeer.com\n\n# Bitdeer shares surge 23% on $4.7B AI data center deal in Norway\n\nThe former Bitcoin mining company continues its aggressive pivot toward AI infrastructure, signing a colocation lease for a 180 MW facility in Tydal, Norway\n\nBitdeer Technologies just signed what might be the clearest signal yet that the Bitcoin mining-to-AI pipeline is very real, and very expensive. The Singapore-based company inked a colocation lease for an AI data center in Tydal, Norway, sending its NASDAQ-listed shares up 23%.\n\nThe deal, executed on June 29 through subsidiary Tydal Data Center AS, is valued at approximately $4.7 billion.\n\n## What Bitdeer is actually building\n\nThe Tydal site is targeting roughly 180 megawatts of gross installed capacity. The facility is scheduled to be operational by December 2026. Construction is being handled by Data Center Installations AS, a subsidiary of Sparc Group AB.\n\nThis isn’t Bitdeer’s first move into AI territory. The company announced back in March 2026 that it would convert the Tydal facility and align it with Nvidia technology. The colocation lease formalizes what had been, until now, more of a strategic roadmap than a signed commitment.\n\nBitdeer’s AI Cloud services are already generating results. The division has reached an annualized recurring revenue of around $76 million at a 95% utilization rate, driven by successful deployment of Nvidia GPUs.\n\n## The full pivot: selling all the Bitcoin\n\nThe company liquidated its entire Bitcoin treasury earlier in 2026 to fund the expansion into AI data center infrastructure.\n\nTo further fuel the transition, Bitdeer raised $325 million through a convertible notes offering. The pivot extends well beyond Norway. Bitdeer has ongoing efforts to convert existing mining sites across multiple locations, including facilities in Texas and Washington.\n\n## Why miners keep choosing AI\n\nAlthough market data showed some earlier trading sessions where Bitdeer’s stock moved more modestly, around 5% in premarket trading, the broader reaction to the Norway lease announcement suggests the market is taking the AI pivot seriously.\n\nPrevious catalysts, like the establishment of a manufacturing facility in Nevada, had driven spikes of up to 15%. The fact that this deal prompted an even larger move suggests investors view the Norway colocation agreement as a more material step in Bitdeer’s transformation.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/bitdeer-shares-surge-23-on-4-7b-ai-data-center-deal-in-norway", "canonical_source": "https://cryptobriefing.com/bitdeer-shares-surge-ai-data-center-deal/", "published_at": "2026-08-04 12:31:57+00:00", "updated_at": "2026-08-04 12:42:16.436853+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-products"], "entities": ["Bitdeer Technologies", "Tydal Data Center AS", "Data Center Installations AS", "Sparc Group AB", "Nvidia", "Tydal", "Norway"], "alternates": {"html": "https://wpnews.pro/news/bitdeer-shares-surge-23-on-4-7b-ai-data-center-deal-in-norway", "markdown": "https://wpnews.pro/news/bitdeer-shares-surge-23-on-4-7b-ai-data-center-deal-in-norway.md", "text": "https://wpnews.pro/news/bitdeer-shares-surge-23-on-4-7b-ai-data-center-deal-in-norway.txt", "jsonld": "https://wpnews.pro/news/bitdeer-shares-surge-23-on-4-7b-ai-data-center-deal-in-norway.jsonld"}}