Bitdeer has entered into a 16-year lease agreement for a data center in Norway that will provide 121 megawatts of AI computing capacity. The deal, reportedly valued at $4.7 billion, marks a significant expansion in Bitdeer's infrastructure for AI and blockchain-related operations, according to CoinTelegraph.
This long-term commitment highlights Bitdeer's strategic focus on scaling its computational resources to meet growing demand in artificial intelligence and crypto mining sectors. Norway’s energy resources and cooler climate make it an attractive location for such large-scale data centers.
For Japanese investors and markets, this move underscores the increasing global competition for AI infrastructure and the importance of sustainable, high-capacity computing power in digital finance and technology sectors.