TLDR:Bitdeer shares rose 23% after unveiling a $4.7 billion, 16-year Norway data center lease.The Tydal campus deal could reach $8 billion total value through an eight-year renewal option.Volta’s obligations are backed by $1.3 billion in Letters of Credit from J.P. Morgan affiliates.Tydal campus will deliver 121 IT megawatts, expanding to 180 gross megawatts by late 2027. Bitdeer Technologies Group shares jumped 23% on Tuesday following news of a major AI infrastructure agreement. The company’s subsidiary signed a 16-year colocation lease worth roughly $4.7 billion. The deal covers a data center campus in Tydal, Norway. Investors responded quickly to the announcement, driving the stock sharply higher.Stock Reaction and Deal TermsBitdeer’s share price surge reflects investor confidence in the company’s AI infrastructure expansion. The 23% gain came shortly after the agreement became public on August 4, 2026. Trading volume rose alongside the price movement as the market absorbed the news. Analysts often watch such reactions as signals of deal significance.@Bitdeer has executed a 16-year #AIDC colocation lease for Tydal, Norway Campus with Volta, an @nvidia Cloud Partner. ~$4.7B in contracted base-term revenue, with the potential to reach $8B over 24 years. 121 IT MW configured to run #NVIDIA GPUs for a leading AI lab,…— Bitdeer (@Bitdeer) August 4, 2026The underlying agreement involves subsidiary Tydal Data Center AS and Volta Tydal AS. Volta operates as an NVIDIA Cloud Partner supplying compute capacity to major AI clients. The initial 16-year term is expected to generate about $4.7 billion in revenue. An eight-year renewal option could extend total contract value toward $8 billion.Bitdeer Chief Financial Officer Michael G. Potter called the deal “a key milestone in Bitdeer’s evolution as a global AI infrastructure platform.” He noted the company is “delighted to be partnering with Volta, Dell Technologies, NVIDIA, J.P. Morgan, and their partners.” Potter added that Bitdeer has “been present in Norway since 2018″ ahead of this expansion.Under the modified gross lease structure, Bitdeer will collect roughly $202 per kilowatt monthly. Electricity costs are reimbursed separately by the tenant on a pass-through basis. Annual rate escalators of 3% apply across both lease and services agreements. Projected revenue averages $2.4 million per IT megawatt across the contract’s life.Infrastructure Buildout Behind the RallyThe Tydal campus will deliver 121 IT megawatts once fully operational. Total gross capacity across the site reaches approximately 133 megawatts. Construction proceeds in two phases spread across four data halls. Phase one targets completion by December 31, 2026, with phase two following in March 2027.Tydal Data Center AS Chairman Haakon Bryhni described Norway as combining “one of Norway’s strongest energy locations” with “the world’s most advanced AI infrastructure.” He said the partnership aims to establish “Norway as a leading destination for sustainable AI computing.”Volta Co-Founder and CEO Ricard Boada said “compute is becoming the defining infrastructure asset class of our generation.” He added that the partnership is “creating one of Europe’s largest AI factories” and supports Volta’s ambition to build “The Utility of Compute.”Dell Technologies will supply the technology infrastructure supporting the buildout. NVIDIA GPUs will power the facility for an unnamed leading AI lab client. Bitdeer plans two more data halls adding 47 gross megawatts by late 2027. That expansion brings total campus capacity to roughly 180 gross megawatts.Remaining capital expenditure for the project stands near $500 million. That equals roughly $4 million per IT megawatt of contracted capacity. Bitdeer intends to raise additional debt to fund this and future projects. Financial institutions have already been engaged to lead the financing process.The post Bitdeer Shares Surge 23% on $4.7 Billion Norway AI Data Center Deal appeared first on Blockonomi.