Bitdeer expands into AI infrastructure with a 16-year renewable energy data center lease in Norway.

Bitdeer Technologies Group reported Q2 revenue of $228.8 million, slightly beating estimates, despite a net loss with earnings per share of -$0.37. The company is expanding into the AI infrastructure market by securing a 16-year lease for a renewable energy-powered data center in Norway, expected to generate about $4.7 billion in revenue. Bitdeer remains unprofitable with a negative P/E ratio and a high debt-to-equity ratio, reflecting ongoing financial challenges amid strategic growth efforts.