Bitdeer Technologies Group (BTDR) gained 8.36% to $10.44 after announcing a five-year AI infrastructure agreement in Malaysia worth approximately $400 million in expected revenue. The deal covers roughly half of the 9.5MW A102 data center's capacity before energization. Services are scheduled to begin in Q1 2027, so no revenue or operating costs are expected in 2026. Bitdeer said the undisclosed customer has strong credit quality, and the contract structure generally allows customer prepayments to cover more than half of related capital spending.
Bitdeer is targeting 350MW of computing capacity by early 2028 and reports an active AI cloud capacity pipeline exceeding $2 billion across approximately 24.5MW. Earlier this month, the company signed a 16-year deal covering 121MW in Tydal, Norway, with approximately $4.7 billion in expected revenue.
HIVE Digital Technologies announced a five-year, $350 million AI cloud contract with an unnamed investment-grade enterprise through its BUZZ High Performance Computing unit. The deal is expected to generate about $70 million in annualized revenue once deployed, but requires a $185 million GPU buildout. HIVE plans to install 2,016 NVIDIA Blackwell Ultra GPUs in GB300 NVL72 systems at its Bell AI Fabric facility in Merritt, British Columbia, with deployment targeted for Q4 2026. The customer agreed to a roughly $35 million upfront deposit. HIVE raised $130 million from zero-percent exchangeable senior notes in June and $245 million from zero-percent notes during the quarter; CEO Aydin Kilic said bond and debt financing would help fund the GPU purchase.
BUZZ's annual recurring revenue rises to about $180 million, but only about $35 million is currently active; $145 million is contracted and expected online by Q4. HIVE has $208 million of cash, but most AI revenue depends on financing, hardware delivery, installation and commissioning. Together, the deals illustrate how Bitcoin miners are expanding into high-performance computing and AI data center services.
