Bitdeer Signs ~$4.7 Billion, 16-Year Lease with Norway's Tidal
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$211.88 +2.54%
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- 1Bitdeer Technologies Group (BTDR) has signed a 16-year colocation lease and services agreement for 121 IT megawatts at Norway's Tidal Campus.
- 2The contract with tenant Volta Tidal AS is worth approximately $4.7 billion, up to about $8 billion including extensions, and the stock rose roughly 14% in premarket trading.
- 3Bitdeer has converted an idle Bitcoin mining campus into long-term contract revenue and did not issue equity or warrants.
This 3-line summary is compiled from the report below.
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