Bitdeer Technologies Group announced a partnership with Data Center Installations AS to transform its Norwegian subsidiary, Tydal Data Center AS, into a 180‑megawatt artificial‑intelligence data center. The conversion will co‑locate Nvidia’s Vera Rubin AI technology and is slated for completion in December 2026, making the Tydal site Norway’s largest operational AI data center and one of Europe’s biggest by installed capacity.
The project is part of Bitdeer’s broader pivot from Bitcoin mining to high‑margin AI and HPC colocation. The company’s 3.0 GW power portfolio, which includes the Tydal and Clarington, Ohio sites, provides a rare and valuable strategic asset that can be leveraged to meet the growing demand for AI compute. Bitdeer plans to convert the Clarington site in a similar fashion, underscoring the company’s commitment to scaling its AI infrastructure.
In its Q4 2025 earnings release, Bitdeer reported revenue of $224.8 million, up from $69.0 million in Q4 2024, and a revenue beat of $16.6 million versus analyst estimates of $208.25 million. Gross margin fell to 4.7% from 7.4% the prior year, a compression driven by higher electricity and depreciation costs associated with new mining rigs. Net profit rose to $70.5 million from a $531.9 million loss, and adjusted EBITDA turned positive at $31.2 million from a negative $4.32 million. The company’s EPS of –$0.73 missed the consensus estimate of –$0.14, a miss attributed to the margin compression and the continued investment in AI infrastructure.
Matt Kong, Bitdeer’s Chief Business Officer, said, “The fourth quarter of 2025 marked a strategic inflection point as we accelerated our transition toward high‑performance compute infrastructure and colocation services. We expect the global AI infrastructure supply / demand imbalance to widen, and our 3.0 GW power portfolio represents a rare and increasingly valuable strategic asset. As hyperscalers and enterprise customers face extended lead times for power and data center capacity, Bitdeer’s operational infrastructure and speed to market provide a compelling competitive advantage.” Haakon Bryhni, Chairman and co‑founder of TDC, added, “The transformation of our Tydal facility is a cornerstone of Bitdeer’s global strategy to meet the explosive demand for AI data centers. By transforming our existing footprint to large AI deployments, TDC will be at the forefront of the AI revolution while maintaining sustainable, capital‑efficient growth and substantial local value creation. DCI’s track record shows its ability to deliver according to our high execution standards.” Bjørn Arve Olsen, Co‑Founder at DCI, noted, “The size of the project and the execution model provide strong predictability and close control over both costs and progress. At the same time, this represents a significant milestone for DCI.”
The 180‑MW capacity will enable Bitdeer to offer high‑margin colocation services to enterprise AI customers, diversifying its revenue streams beyond Bitcoin mining. By leveraging its existing power and infrastructure, Bitdeer can deliver AI compute at a lower capital cost than building new facilities, positioning the company to capture the growing demand for AI compute that is expected to persist through 2027.
The announcement was well received by investors, reflecting confidence in Bitdeer’s strategic shift and its ability to monetize its power assets in the high‑growth AI market.
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