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Bitdeer’s AI Bet in Norway | Bitcoin and Crypto News
Description
Bitdeer just locked in a jaw-dropping 16-year AI data center deal worth up to $4.7 billion in Norway, securing 121 megawatts of Nvidia-powered computing power — signaling a bold pivot from Bitcoin mining to AI infrastructure. The facility in Tydal is leased to a Volta Infra subsidiary (identity still murky), with JP Morgan backing it via $1.3 billion in letters of credit to ensure payment. This isn’t just a big bet — it’s part of Bitdeer’s strategy to own its hardware future, including a recent $36 million Nevada factory investment. And while most crypto miners hoard Bitcoin, Bitdeer sold off its entire stash earlier this year to fuel this expansion — proving they’re playing by a radically different playbook.
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