Bitdeer Technologies Group Announces Resignation of Sheldon Trainor-Degirolamo as Director, Effective October 15, 2026

Bitdeer Technologies (BTDR) stock rose 6.95% after H.C. Wainwright reiterated its Buy rating and $25 price target, citing $1.7B in AI Cloud revenue commitments over five years, covering 70% of its 21.7MW Malaysia facility.

Bitdeer Technologies (BTDR) announced its AI division has secured over 70% of its 21.7 MW A201 data center in Malaysia, with expected revenue exceeding $1.7B. The site is planned to be energized in Q1 2027, and the company's revenue backlog has reached $2.9B.

Bitdeer AI, a unit of Bitdeer Technologies Group, has secured $1.7B in off-take agreements for its 21.7MW Malaysia data center, set to energize in Q1 2027. The deals are expected to generate $1.7B in revenue over five years, bringing the company's total AI Cloud revenue backlog to $2.9B. The A201 facility is designed for NVIDIA GB300 NVL72 deployments and supports NVIDIA's Vera Rubin platform.

Bitdeer AI, part of Bitdeer Technologies Group (Nasdaq: BTDR), secured over 70% off-take commitments for its 21.7MW A201 Malaysia data center, expecting $1.7B in revenue over 5 years. The company aims for 350MW AI Cloud capacity by Q1 2028, with a $2.9B backlog and a $10B+ pipeline.

Bitdeer (BTDR) announced full contracting of its 9.5 MW A102 GPU facility in Malaysia, with $800M in expected revenue over 5 years. Revenue recognition begins Q1 2027. The company seeks 50% customer prepayments to reduce financing needs. Success depends on timely delivery and profitable service.

Bitdeer Technologies reported August 2026 operational results, including AI cloud expansion, $800M revenue from Malaysia, and a $4.7B Norway lease. Bitcoin production surged 249% year-on-year to 1,310 BTC, with total hash rate at 101.5 EH/s, reflecting its AI and crypto strategy.