Bitdeer Technologies Group (BTDR) rose 8.36% to $10.44 after securing a major infrastructure agreement in Malaysia. The five-year contract is expected to generate about $400 million in revenue from the company's A102 data center. The deal also supports Bitdeer's broader plan to build 350MW of computing capacity by early 2028.

Bitdeer Secures $400 Million Malaysia Agreement

Bitdeer said it has contracted approximately half of the capacity at its A102 facility before the site reaches energization. The agreement involves an undisclosed customer that Bitdeer described as having strong credit quality. Services under the contract are scheduled to begin in the first quarter of 2027.

As a result, the agreement will not contribute revenue or related operating costs in 2026. Until then, the contract functions mainly as a secured revenue commitment rather than a near-term earnings driver. Bitdeer expects the five-year commitment to produce approximately $400 million once services begin.

Customer commitments also provide financing support before major infrastructure spending takes place. The company generally structures cloud agreements so customer prepayments cover more than half of related capital spending. That approach reduces the amount of upfront capital required for contracted infrastructure projects, which matters in data center construction, where equipment and build-out costs are concentrated before a site begins generating revenue. Bitdeer also relies on operating cash flow and financing secured against contracted revenue streams.

A102 Supports Bitdeer's 350MW Expansion Target

The A102 facility represents 9.5MW of Bitdeer's planned 350MW computing infrastructure target, a small share of the overall build-out. The Malaysian site is designed for liquid-cooled, high-density computing systems across multiple customers. It can support both cloud computing services and dedicated data hosting.

Bitdeer aims to reach the full 350MW capacity target by the first quarter of 2028. The company is developing new infrastructure based on contracted demand across its expanding international data center portfolio. Malaysia offers access to power infrastructure and rising regional demand for large-scale computing services.

Bitdeer said its active cloud capacity pipeline now exceeds $2 billion across roughly 24.5MW. The company is also continuing negotiations for A102's remaining capacity and several other infrastructure locations, which represent the next step in converting that pipeline into contracted projects. Management expects that commercial pipeline to grow over the coming quarters.

Bitdeer Expands Beyond Bitcoin Mining

Bitdeer has widened its infrastructure strategy beyond Bitcoin mining into computing and high-performance data center services. That shift mirrors a broader industry trend in which Bitcoin miners with access to power infrastructure have increasingly pursued long-term contracts with large-scale computing customers. Earlier this month, the company signed a 16-year agreement covering 121MW at Tydal, Norway. That contract carries approximately $4.7 billion in expected revenue over its initial term.

The Norway project will be developed in two phases. The first phase is expected to begin operations near the end of 2026, while the second phase is targeted for commercial operations in the first quarter of 2027. Alongside the smaller five-year Malaysia agreement, the Norway contract illustrates the range of long-term commitments Bitdeer is assembling across its portfolio.

Bitdeer continues to operate Bitcoin mining activities in the United States, Bhutan, Norway and Ethiopia. At the same time, long-term computing agreements are creating another revenue stream across its existing power and data center portfolio. The Malaysia contract further links that expansion strategy to Bitdeer's planned 350MW infrastructure build-out, with service starts scheduled across 2027 in both Norway and Malaysia.