Overview
- Bitdeer’s Tydal Data Center subsidiary executed a 16‑year colocation and services agreement with Volta Tydal AS that the company disclosed on Tuesday and values the base term at about $4.7 billion.
- The contract allocates 121 IT megawatts to Volta, supported by roughly 133 MW gross, with phased delivery targeted by Dec. 31, 2026 and March 31, 2027 and room to expand toward about 180 MW gross in later stages.
- Volta announced a $300 million seed and Series A raise at a $2.4 billion valuation and launched a $5 billion AI infrastructure financing program to fund deployments that will run on NVIDIA GPUs and use Dell systems.
- Reported commercial protections include roughly $1.3 billion in letters of credit arranged by J.P. Morgan affiliates, a tenant no‑fee termination right after ten years, and about $500 million of remaining capex that Bitdeer plans to fund with new debt.
- Media outlets linked a separate six‑year, $10 billion compute commitment to Anthropic but that attribution remains unconfirmed by Volta or Bitdeer; the announcement nevertheless sent Bitdeer shares sharply higher on market reaction.