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Bitdeer Technologies ( (BTDR) ) has shared an announcement.
On March 30, 2026, Bitdeer Technologies Group announced that its subsidiary Tydal Data Center AS has engaged Norwegian contractor Data Center Installations AS to complete the transformation of its Tydal facility into a large-scale AI data center. Designed primarily for co-location of Nvidia’s latest Vera Rubin AI technology and built to Nvidia reference standards, the project targets 180 MW of gross installed capacity and is expected to become Norway’s largest operational AI data center and one of Europe’s largest by capacity upon anticipated completion in December 2026.
The partnership with DCI, which has experience serving leading Norwegian data center operators and is part of Sparc Group AB, is positioned as a key step in Bitdeer’s strategy to pivot existing infrastructure toward high-demand AI workloads. Bitdeer and TDC executives highlighted that the project is intended to support sustainable, capital-efficient growth, enhance local value creation in Tydal, and provide better cost and progress predictability for stakeholders while reinforcing Bitdeer’s position in the fast-growing European AI data center market.
The most recent analyst rating on (BTDR) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Bitdeer Technologies stock, see the BTDR Stock Forecast page.
Spark’s Take on BTDR Stock
According to Spark, TipRanks’ AI Analyst, BTDR is a Neutral.
BTDR scores low primarily due to severe cash burn and increased leverage despite a 2025 profitability rebound. Technicals remain weak (below key moving averages with negative MACD), while a low P/E provides partial support. Earnings call takeaways were mixed: strong scaling initiatives and pipeline, but meaningful margin and execution risks.
To see Spark’s full report on BTDR stock, click here.
More about Bitdeer Technologies
Bitdeer Technologies Group is a Singapore-headquartered technology company focused on AI and Bitcoin mining infrastructure, providing comprehensive Bitcoin mining solutions and building AI computational capacity. The company manages key functions such as equipment procurement, logistics, data center design and construction, operations, and also offers advanced cloud capabilities for AI-intensive customers across data centers in the U.S., Norway, Bhutan, and Ethiopia.
Average Trading Volume: 8,016,034
Technical Sentiment Signal: Sell
Current Market Cap: $2.02B
Find detailed analytics on BTDR stock on TipRanks’ Stock Analysis page.