Bitdeer AI said on 29 September that off-take commitments cover more than 70% of the approximately 21.7MW capacity at its A201 data centre in Johor Bahru, Malaysia, with more than $1.7 billion in revenue expected over five years. In its announcement, the company put its total expected AI Cloud revenue backlog at approximately $2.9 billion.
Key points
- Bitdeer AI says A201’s commitments cover more than 70% of its approximately 21.7MW of capacity.
- The company expects more than $1.7 billion in revenue from the site over five years.
- Bitdeer AI says it has procured more than 100 racks of Nvidia GB300 NVL72 systems.
- The company expects A201 to be energised in the first quarter of 2027.
A201 contracts lift expected backlog to $2.9 billion
Bitdeer AI describes the A201 business as contracted expected revenue over the next five years. The commitments were secured ahead of the site’s planned energisation, which the company expects in the first quarter of 2027. Its revenue projection covers that five-year period rather than an amount it expects to receive when the facility is switched on.
The company also says its active pipeline for AI cloud capacity exceeds $10 billion. That pipeline is separate from the approximately $2.9 billion it describes as expected revenue backlog. Bitdeer AI says contract value per megawatt varies by service mix, contract duration and site, and expects the pipeline to increase.
Singapore-headquartered Bitdeer AI is part of Bitdeer Technologies Group, which is listed on Nasdaq under the ticker BTDR. The company describes itself as a preferred Nvidia Cloud Partner and offers GPU Cloud, Model Studio and AI Agent Builder services. Bitdeer AI says it draws on Bitdeer Technologies Group’s data centre network across the United States, Norway, Bhutan, Canada and Malaysia.
A201 is designed for Nvidia GB300 racks
Bitdeer AI says A201 is a liquid-cooled facility built for rack-scale Nvidia GB300 NVL72 deployments. Part of its rack space is designed to accommodate Nvidia’s next-generation Vera Rubin platform. The company says that design would allow it to serve customers using successive platforms at the same location.
Bitdeer AI says it has procured more than 100 racks of GB300 NVL72 systems from an unaffiliated third-party supplier at market price, ahead of A201’s energisation. Bitdeer AI says the purchase agreement includes standard assurances, obligations, protection against losses and provisions for ending the deal. It expects to deploy the systems after the facility is energised.
Michael G. Potter, Bitdeer’s chief financial officer, said the provision for both GB300 and Vera Rubin systems would let the company serve customers “across multiple platform generations from a single site”. The company’s planned deployment of the procured racks follows the energisation timetable it has given for A201.
Johor Bahru campus is set for 86.8MW
Bitdeer AI says A201 and its recently announced A202 facility will give the Johor Bahru campus 86.8MW of AI Cloud data centre capacity. A201 accounts for 21.7MW of the company’s wider capacity target. The company says it develops capacity in line with contracted demand.
Bitdeer AI expects to cover most data centre development costs with advance payments from clients, money generated by operations and capital raised against future receipts due under agreements. The company has tied that funding plan to its proposed build-out, alongside the off-take commitments and expected revenue at A201.
Bitdeer AI targets delivery of up to 350MW of AI Cloud data centre capacity by the first quarter of 2028.
