Movement Alert|Bitdeer Technologies Group Rises 11.52% in Regular Trading, $4.7 Billion AI Data Center Lease Deal Drives Surge

Market Focus
08/04

On August 4, Bitdeer Technologies Group rose 11.52% in regular trading, trading at $12.87/share, with turnover of $66.31 million.

On the news front, the company announced a landmark $4.7 billion, 16-year AI/HPC data center colocation lease for its Tydal, Norway campus, with the potential to reach a total contract value of $8.0 billion through an 8-year extension option. The Tydal facility will deliver 121 IT megawatts of computing capacity backed by 133 gross megawatts of power supply, with Phase 1 targeted for launch by December 31 and Phase 2 by March 31 of the following year.

Additionally, the company secured $1.3 billion in credit support through letters of credit from JPMorgan and another institution, significantly strengthening its financial position. The broader crypto mining sector also benefited from Bitcoin breaking above $65,000. The company is scheduled to report earnings on August 10 pre-market, adding event-driven trading sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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