Bitdeer now targets Q4 2027 for Knoxville power; eyes AI in Texas, Norway

Bitdeer Technologies Group has moved the expected power-on date for its Knoxville, Tennessee site to the fourth quarter of 2027, and says it is weighing AI conversions at two other locations. The updates come in the company's unaudited Q3 2026 results, released on 10 November 2026 and furnished to the SEC on Form 6-K that day. Bitdeer, listed on Nasdaq and based in Singapore, describes itself as a technology company providing AI neocloud services and infrastructure for Bitcoin mining.

Texas and Norway

In a power table dated 31 October 2026, Bitdeer says it recently bought about 200 acres near its existing 563 MW facility in Rockdale, Texas, to support AI and high-performance computing development. The site is listed for crypto, colocation and AI cloud use, and the company says it is actively evaluating an AI transition. Bitdeer also lists a 179 MW load increase at Rockdale, with construction underway and phased energization starting in the fourth quarter of 2026.

In Norway, the 84 MW site at Molde is running crypto mining, and Bitdeer says it is at an early stage of assessing a switch to AI cloud work.

Knoxville slips

Knoxville is a 55 MW project that the company plans to shift from crypto to AI cloud. Bitdeer attributes the new date to late deliveries of key power and electrical equipment, and now aims to energize in the fourth quarter of 2027.

Tydal stays on schedule

Bitdeer says construction at its Tydal campus in Norway remains on target. The table lists phase 1, at 60.5 MW, for the fourth quarter of 2026, phase 2, also 60.5 MW, for the first quarter of 2027, and a third phase of 42.7 MW for the second half of 2027. For phase 1, the company describes a 16-year AI and high-performance computing lease with Volta worth US$4.7 billion, subject to the tenant's right to end it without a fee at the ten-year point. Bitdeer says 121 IT MW there will be set up for NVIDIA GPUs serving the end customer, which it describes as a leading AI lab. If the tenant takes a one-time eight-year extension, the company puts the potential contract value at about US$8.0 billion. Phase 3 is two further data halls being developed for future AI and HPC uses.

AI cloud commitments

Bitdeer reports an AI cloud revenue backlog of about US$2.9 billion as of 30 September 2026, and says it has secured roughly 332 IT MW for that business. It defines backlog as the revenue it expects from signed customer contracts over their remaining terms, notes that this is not a US GAAP measure, and says actual revenue depends on matters such as when sites are energized, how GPUs are deployed and how customers perform. Chief Financial Officer Michael G. Potter says customer prepayments and project-level financing are meant to pay for AI capacity once it is under contract, and names delivering Tydal, completing financings and bringing Malaysia online as the company's priorities.