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Bitdeer
3 months agoNews Editor

Bitdeer lands five-year AI data center contract tied to Malaysia site

Bitdeer said its AI unit has signed a five-year service contract that is expected to generate about $400 million in revenue from the company’s data center in Malaysia. The customer has locked in roughly half of the capacity of A102, a 9.5 MW liquid-cooled facility. Revenue from the agreement is expected to begin contributing in the first quarter of 2027. The company also disclosed that its AI cloud business has an order backlog of more than $2 billion, equal to about 24.5 MW. Separately, Bitdeer said its strategic target is to expand AI data center capacity to 350 MW by the first quarter of 2028. The update links a signed multi-year contract, an identified facility allocation, a revenue recognition timeline, the current AI cloud backlog, and the company’s stated capacity goal for its AI data center buildout.

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Bitdeer lands five-year AI data center contract tied to Malaysia site
Bitcoin miner
3 months agoNews Editor

MARA Holdings Pledges 18,750 BTC to Back $750M in Loans

Bitcoin miner MARA Holdings has disclosed in its latest quarterly SEC filing that it pledged 18,750 BTC to secure two bitcoin-collateralized loans totaling $750 million. Coinbase Credit provided a facility that refinances an existing $150 million credit line and adds $300 million in new funding, while Two Prime Lending supplied another $300 million. Both loans have been fully drawn, with a combined financing cost of about 7.56% and a maturity around August 2028. The pledged BTC was worth approximately $1.2 billion at the time of the transaction. If Bitcoin's price falls and pushes the collateral ratio below the agreed threshold, MARA could face margin calls or risk liquidation of the BTC. Proceeds are earmarked for general corporate purposes and to support MARA's acquisition of Long Ridge Energy & Power. The deal has an enterprise value of about $1.5 billion. Long Ridge owns a natural gas power plant in Ohio with an estimated capacity of 505 MW and more than 1,600 acres of industrial land, which MARA plans to develop into a hub for Bitcoin mining, AI, and high-performance computing.

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MARA Holdings Pledges 18,750 BTC to Back $750M in Loans
TeraWulf
3 months agoNews Editor

TeraWulf Posts $44.8M Q2 Revenue as HPC Leasing Hits 71% of Total

TeraWulf reported Q2 2026 revenue of $44.767 million, with HPC leasing contributing $31.932 million, or roughly 71% of total revenue. The company has 102 MW of revenue-generating IT capacity live at its Lake Mariner site in New York, with 336 MW under construction. It closed the acquisition of Kentucky's Muskie Data Campus, securing up to 1 GW of power, and signed a 20-year lease with Anthropic for about 401 MW at its Justified campus, with an initial contract value of roughly $19 billion. TeraWulf also agreed to sell its 50.1% stake in the Abernathy JV for $530 million in cash and reaffirmed its annual target of 250-500 MW of newly contracted IT capacity.

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TeraWulf Posts $44.8M Q2 Revenue as HPC Leasing Hits 71% of Total
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