Aug. 4 at 1:40 PM
$BTDR $DELL Bitdeer executes 16-year colocation lease and services agreement
BTDR
DELL
9:38 AM
Bitdeer AI, part of Bitdeer (BTDR) announced that it has executed a 16-year colocation lease and services agreement through its subsidiary, Tydal Data Center with Volta Tydal AS, a subsidiary of Volta. Volta's customer at the Tydal site will be a leading AI lab, with Dell Technologies (DELL) as the technology provider. Under the agreement, TDC will deliver 121 IT megawatts, supported by an estimated 133 gross MW, at its Tydal campus in Norway. The agreement represents approximately
$4.7B in contracted revenue over the initial 16-year base term. An 8-year renewal option increases the potential total contract value to approximately
$8B over 24 years. The lease is structured as a modified gross arrangement with an average payment of approximately
$202/kW/month over the first 16 years, with electricity costs reimbursed by the tenant on a pass-through basis.
