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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 4 sources · 24 days · First seen · Last updated

Bitdeer transition from Bitcoin mining to AI infrastructure

Overview

Bitdeer Technologies Group is transitioning its business focus from Bitcoin mining toward Artificial Intelligence (AI) and High-Performance Computing (HPC) infrastructure.

In September 2026, the company implemented a ‘zero bitcoin’ treasury strategy, selling its entire weekly production of 293.2 BTC to generate liquidity. This capital is intended to fund the expansion of its AI and HPC data center business, including land acquisitions in Texas.

By October 2026, Bitdeer announced a major conversion of its Tydal, Norway, mining site into an AI computing facility. Through its subsidiary, Tydal Data Center AS, the company entered a 16-year colocation lease agreement valued at approximately $4.7 billion. The facility, which will utilize NVIDIA GPUs and renewable hydropower, is expected to serve a major AI laboratory and begin operations in two phases through early 2027.

Entities

Tydal · Nvidia · Volta Tydal AS · Dell Technologies · Bitdeer

Timeline

  1. [BUSINESS] 2 sources
    Bitdeer to convert Norway mining site for $4.7 billion AI deal

    Bitdeer is converting its Norwegian Bitcoin mining site into an AI data center under a $4.7 billion, 16-year deal with Volta Tydal AS to serve a major AI laboratory.

  2. [BUSINESS] 2 sources
    Bitdeer sells all 293.2 BTC mined this week to fund AI expansion

    Bitdeer sold its entire weekly production of 293.2 BTC, maintaining a ‘zero bitcoin’ strategy to fund its expansion into AI and high-performance computing data center infrastructure.

Sources

blockchainseoul.kr · cryptobriefing.com · tokenpost.com · tokenpost.kr