Bitdeer AI, part of Bitdeer Technologies Group (NASDAQ:BTDR), ("Bitdeer AI"), an emerging AI cloud service and AI infrastructure provider and preferred NVIDIA Cloud Partner, today announced that it has sold out its approximately 9.5MW capacity at its A102 data center in Malaysia for AI Cloud business ahead of energization in Q1 2027.

Inclusive of the offtake commitment announced on August 19th, Bitdeer AI has now entered into 5-year long term offtake commitments with total expected revenue of over $800 million at this site. As a general matter, Bitdeer AI seeks to structure its AI cloud contracts so that customer prepayments are expected to cover more than 50% of the associated capital expenditure. These contracts are not expected to have a revenue impact in 2026. Revenue and associated costs are expected to begin in the first quarter of 2027, when services commence.

Bitdeer AI is targeting 350MW of AI Cloud data center capacity to be delivered by the first quarter of 2028. Bitdeer AI develops data center capacity consistent with contracted demand, and funds that development through customer prepayments, operating cash flow, and financing secured against contracted cash flows.

The A102 facility is a liquid-cooled, multi-customer facility purpose-built for rack-scale NVIDIA GB300 NVL72 deployments, capable of delivering both GPU cloud services and data hosting from a single site. It represents 9.5MW of the 350MW target and is among the first of these sites to have contracted capacity. The Malaysia build-out advances Bitdeer AI’s strategy of developing high-density AI infrastructure in markets with strong power availability and proximity to fast-growing enterprise AI demand.

Demand for uncontracted capacity at Bitdeer AI's other AI Cloud sites remains strong. Bitdeer AI’s active pipeline for AI cloud capacity now exceeds $2 billion, and the Company is now concentrating on its 21.7MW Johor Bahru site in Malaysia as well as capacity at other sites. Contract value per megawatt varies with service mix, contract duration and site. Bitdeer AI expects the pipeline for AI Cloud capacity to increase in the next several quarters.