Bitdeer Leases Norway AI Data Center to Volta Subsidiary for $4.7B Over 16 Years

Bitdeer announced on August 4 a 16-year colocation lease with a Volta subsidiary covering 121 IT MW at its Tydal campus in Norway, worth about $4.7 billion, or roughly $8.0 billion over 24 years if extended. The full capacity is configured for NVIDIA GPUs.

Bitdeer AI, part of Bitdeer Technologies Group (NASDAQ: BTDR), announced on August 4, 2026 that its subsidiary Tydal Data Center AS had executed a 16-year colocation lease and services agreement with Volta Tydal AS, a subsidiary of NVIDIA Cloud Partner Volta ¹. The agreement covers 121 IT megawatts (supported by an estimated 133 gross MW) at the Tydal campus in Norway, representing about $4.7 billion in contracted revenue over the initial 16-year term, rising to roughly $8.0 billion over 24 years if an 8-year renewal option is exercised ¹.

The entire 121 IT MW will be configured to run NVIDIA GPUs, and Bitdeer describes the tenant’s customer only as “a leading AI lab” without naming it ¹. Dell Technologies is the technology provider ¹. Delivery is split into two equal phases across four data halls, targeting commencement on December 31, 2026 and March 31, 2027 ¹. Bitdeer says the completed facility is expected to have a PUE of approximately 1.1 and to run on 100% renewable energy, and describes the location as having dual grid connectivity and renewable local hydropower ¹. Volta’s obligations are expected to be backstopped by roughly $1.3 billion in letters of credit arranged by affiliates of J.P. Morgan and another global financial institution ¹.

TechCrunch, citing Bloomberg, reported that the AI lab is Anthropic and that its deal with Volta runs six years and is worth $10 billion ². Neither company has confirmed the customer, so that identification is not established fact.