Bitdeer AI said Monday that it has entered into a 10-year data center services agreement for A202, a 65.1MW AI Cloud data center facility on the same Johor Bahru, Malaysia campus as its 21.7MW A201 facility.
A202 represents the company's largest single capacity addition to date in Southeast Asia, with energization expected in the third quarter of 2027.
Siting on the existing Johor campus allows Bitdeer AI to extend power, liquid cooling and network infrastructure to the new A202 facility, shortening the path to energization.
"The signal from customers is unambiguous: demand for liquid-cooled, rack-scale AI Cloud capacity in 2027 is running well ahead of what the market can supply,” CFO Michael G. Potter said in a statement. "A102 sold out ahead of energization, A201 is in advanced negotiations, and our secured AI Cloud data center capacity now stands at approximately 206.5MW. Securing A202 is a direct response to that demand - an incremental 65.1MW on a campus we already have contracted for."
Bitdeer AI said A202's per-megawatt economics are expected to be broadly consistent with A102, where five-year offtake commitments represent more than $800 million in expected revenue across 9.5MW.
Bitdeer AI's secured AI Cloud data center capacity totals about 206.5MW across sites in Malaysia, Norway and the U.S., representing nearly 60% of its target of up to 350MW to be delivered by the first quarter of 2028.
Headquartered in Singapore, Bitdeer AI is supported by the Bitdeer Technologies Group's global data center network. Bitdeer AI's active pipeline for AI cloud capacity is now estimated to exceed $7 billion, the company said.