Bitdeer Secures 67MW AI Data Center Campus in Malaysia, Bringing Total to 273.5MW

Editor's note: Bitdeer (NASDAQ: BTDR) withdrew an earlier October 8 announcement and instructed recipients to disregard it, subsequently issuing a replacement release. The original described a 60 MW A103 facility at its existing Cyberjaya campus and a total secured AI Cloud capacity of 333.5 MW, equivalent to 95% of its 350 MW target. The replacement instead identifies a new 67 MW A901 campus and reports 273.5 MW of secured capacity, or approximately 78% of its target. The facility's location, agreement duration, hardware specifications and delivery timeline also changed. This article reflects the replacement announcement. TheEnergyMag's earlier social media coverage was based on the withdrawn release.

Bitdeer Technologies Group has signed a 10-year data center services agreement for a new 67-megawatt AI Cloud campus in Malaysia, expanding its presence in Southeast Asia as the bitcoin mining company accelerates its push into high-performance computing.

The new facility, designated A901, will become Bitdeer AI's third Malaysian hub alongside its existing operations in Cyberjaya and Johor. The company expects delivery of capacity to begin in the first quarter of 2027, with the full 67 MW targeted for the second quarter.

The agreement brings Bitdeer AI's total secured AI Cloud data center capacity to approximately 273.5 MW across Malaysia, Norway and the United States, according to the company's revised Thursday announcement. That represents roughly 78% of its target of up to 350 MW by the first quarter of 2028.

The total is consistent with Bitdeer's previously disclosed 206.5 MW of secured capacity in September, plus the newly announced 67 MW.

All figures refer to critical IT load, rather than total facility power consumption. Secured capacity encompasses facilities owned by Bitdeer or covered by executed data center services agreements, not necessarily infrastructure already energized or contracted to customers.

Third Malaysian Hub Targets NVIDIA GB300 Deployments

Unlike Bitdeer's recent expansions at established Malaysian sites, A901 represents a separate data center campus, broadening the company's geographic footprint and delivery schedule.

The facility will be engineered for liquid-cooled, rack-scale NVIDIA GB300 NVL72 systems supporting enterprise AI workloads.

NVIDIA's GB300 NVL72 platform combines 72 Blackwell Ultra GPUs and 36 Grace CPUs in a liquid-cooled rack-scale system designed for demanding AI inference and reasoning applications.

The architecture places substantial requirements on electrical distribution, cooling and networking infrastructure, making access to facilities designed for high-density computing an important component of AI Cloud deployment.

Bitdeer did not disclose A901's precise location within Malaysia, the identity of its data center services counterparty or the project's expected capital expenditure.

Its planned delivery schedule nevertheless adds another large block of capacity to the company's 2027 expansion.

In September, Bitdeer secured a 65.1 MW A202 facility at its Johor campus, scheduled for energization in the third quarter of 2027. Together with the adjacent 21.7 MW A201 facility, the Johor campus is expected to provide 86.8 MW of AI Cloud capacity.

Meanwhile, the company's 9.5 MW A102 facility in Cyberjaya and A201 in Johor are both targeting energization in the first quarter of 2027.

With A901 now scheduled to begin capacity delivery during the same quarter, Malaysia is emerging as a central part of Bitdeer's near-term AI Cloud expansion strategy.

$10 Billion Sales Pipeline Remains Distinct From Contracted Revenue

Alongside the new data center agreement, Bitdeer reiterated that its active AI Cloud sales pipeline exceeds $10 billion.

The figure, which the company had already disclosed in late September, represents management's estimate of potential contract value from ongoing commercial discussions. It is not recognized revenue, contracted backlog or a binding customer commitment.

Bitdeer has demonstrated some success converting its earlier infrastructure commitments into long-term customer agreements.

Its 9.5 MW A102 facility in Cyberjaya is fully committed under five-year arrangements representing more than $800 million in expected revenue.

On September 29, the company also announced offtake commitments covering more than 70% of its 21.7 MW A201 facility, representing more than $1.7 billion in expected revenue over five years.

Those agreements helped bring its total expected AI Cloud revenue backlog to approximately $2.9 billion.

The newly announced A901 campus, however, has no executed customer offtake commitments as of October 8, Bitdeer said.

That distinction is consequential for investors evaluating the company's AI infrastructure expansion. A signed data center services agreement secures access to future computing infrastructure, but does not establish demand commitments from end customers or guarantee future GPU cloud revenue.

From Bitcoin Mining to AI Infrastructure

Bitdeer's accelerated Malaysian expansion forms part of a broader effort to diversify its business beyond bitcoin mining.

The company is pursuing both GPU cloud services, where it provides computing resources directly to customers, and AI data center colocation, where customers or intermediaries lease infrastructure for their own computing deployments.

In August, Bitdeer announced a 16-year colocation agreement worth approximately $4.7 billion for 121 MW of critical IT capacity at its Tydal campus in Norway.

The AI Cloud business is operating on a different economic model, requiring the company to procure and deploy expensive GPU systems while securing sufficient customer commitments to support that investment.

For the second quarter of 2026, Bitdeer's AI Cloud division generated approximately $14 million in revenue, up from $1.3 million a year earlier, but recorded a gross loss of $2.3 million. The business represented roughly 6% of the group's quarterly revenue at the time.

The expansion therefore represents a significant potential change in Bitdeer's future revenue mix, but one that remains dependent on execution.

With A901 now included, the company has approximately 76.5 MW left to secure against its up-to-350 MW AI Cloud capacity target.

The next milestones will be converting prospective demand into binding customer contracts, financing GPU deployments and delivering facilities on schedule.

For investors, those developments will determine how quickly Bitdeer's expanding infrastructure footprint translates into recurring AI Cloud revenue.