Bitdeer Fully Contracts GPU Capacity in Malaysia; Revenue Expected Starting Q1 2027
Bitdeer Technologies Group (NASDAQ:BTDR) has fully contracted the GPU capacity at its A102 facility in Malaysia, with long-term commitments representing over $800 million in expected revenue. The five-year contracts imply an average annual pre-cost revenue of more than $160 million and are intended to provide a stable foundation for capital planning and equipment deployment. The data center is set to be ready by November 2026, with revenue recognition anticipated starting Q1 2027. The company aims to secure customer prepayments covering about half of the associated capital expenditure, which could reduce upfront cash needs and reliance on external financing. However, profitability will depend heavily on cost control in fulfilling these contracts. Despite optimism from investors reflected in a recent stock jump, challenges remain including power availability, hardware deployment delays, and undisclosed financial details such as prepayment receipts or margin guidance. The success of A102 could serve as an operational benchmark for future projects.
Tickers: $BTDR
Topics: AI Data Centers GPU Infrastructure Revenue Recognition