Bitdeer lands $4.7 billion AI lease tied to Anthropic but must deliver by year end

Bitdeer secured a $4.7 billion AI lease but must complete a $500 million build before the contract starts generating revenue.On Aug. 4, the Bitcoin miner announced that its Tydal Data Center subsidiary signed a 16-year agreement to provide Volta with 121 megawatts of computing capacity at its Norway campus.Volta will install Nvidia chips across four data halls, while Dell Technologies will provide the computing systems. Bitdeer described the end customer as a leading AI laboratory, although media reports have identified it as Anthropic.The agreement marks a major step in Bitdeer’s expansion beyond Bitcoin mining and into AI infrastructure, where long-term leases can offer steadier revenue than crypto production.Under the deal, Bitdeer expects average annual revenue of about $2.4 million for each megawatt delivered. That works out to approximately $290 million a year across the full project, with payments increasing 3% annually.The $4.7 billion headline represents payments scheduled over the full 16-year term rather than revenue Bitdeer can immediately recognize. Volta can also end the agreement without paying a fee after 10 years.An eight-year extension could increase the total con...