Bitdeer Secures 65.1MW Malaysia AI Facility as Sales Pipeline Tops $7 Billion
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Bitdeer (NASDAQ: BTDR) said it has secured another 65.1 megawatts of AI data-center capacity in Malaysia, expanding its Johor campus as it seeks customers for a potential contract pipeline exceeding $7 billion.
The A202 facility is covered by a 10-year data-center services agreement and is expected to be energized in the third quarter of 2027, the company said in a Monday statement. The addition brings secured AI cloud capacity to 206.5 megawatts, or 59% of its target of up to 350 megawatts by early 2028.
The pipeline represents management’s estimate of potential contracts under discussion, rather than signed business. Neither A202 nor the adjacent 21.7-megawatt A201 facility has customer offtake commitments. The capacity figures measure power available for computing equipment.
The estimate compares with a pipeline exceeding $2 billion disclosed in Bitdeer’s previous Malaysia update. In that announcement, the company said its separate 9.5-megawatt A102 facility was fully committed under five-year customer agreements expected to generate more than $800 million. Revenue from those contracts is expected to begin in the first quarter of 2027, with no contribution this year.
For A202, Bitdeer plans to finance GPU deployment through customer prepayments, borrowing against contracted cash flows and operating cash flow. It generally seeks prepayments covering more than half of associated capital spending. The company expects to secure customers before energization.
The expansion comes as AI remains a small part of the Singapore-based company’s business. AI cloud revenue rose to $14 million in the second quarter from $1.3 million a year earlier, accounting for about 6% of total revenue of $228.8 million. The division posted a $2.3 million gross loss, while self-mining generated $168.4 million in revenue.
Funding the broader expansion also comes against substantial cash requirements. Bitdeer reported $158.5 million of operating cash outflows during the quarter and ended June with $496.3 million in cash, cash equivalents and restricted cash, alongside $1.8 billion in borrowings.
