Overview

• Bitdeer will directly develop and operate AI data centers starting at its Clarington, Ohio facility, shifting away from partner-led builds.
• The local utility confirmed all 570 megawatts for Clarington will be available by the end of the third quarter of 2026, nearly a year earlier than prior expectations.
• Tydal, Norway, and Wenatchee, Washington are slated for AI conversions, with Tydal targeted to support about 164 megawatts by late next year.
• Management targets operating more than 200 megawatts of AI IT load by year-end 2026 and outlines an optimistic scenario of over $2 billion in annualized revenue.
• Shares rose as much as 30% to trade above $26 after the update, as Bitdeer cited rising inbound interest in its power assets and a tight AI compute market.