Bitdeer signs $4.7B, 16-year AI lease for former Norway Bitcoin mine
- —The 121 MW lease runs 16 years and is valued at about $4.7 billion
- —An optional eight-year extension could raise the total to $8 billion
- —Pricing averages about $202 per kW per month with 3% annual escalators
- —Volta will back its obligations with roughly $1.3 billion in letters of credit
Why it matters: The deal underscores miners pivoting to AI infrastructure and gives Bitdeer steady annual revenue of about $290 million.
Source: Crypto Briefing