Bitdeer AI, part of Bitdeer Technologies Group (Nasdaq: BTDR), secured off-take commitments covering more than 70% of the approximately 21.7MW capacity at its A201 AI Cloud data center in Johor Bahru, Malaysia, ahead of planned energization in the first quarter of 2027. The company said the site has more than $1.7 billion in expected revenue contracted over five years, lifting its total expected revenue backlog to approximately $2.9 billion. A201 is a liquid-cooled facility designed for rack-scale NVIDIA GB300 NVL72 systems, with part of its rack space intended to support NVIDIA's next-generation Vera Rubin platform. Bitdeer AI has also procured more than 100 GB300 NVL72 racks at market price from an unaffiliated third-party supplier. The company is targeting up to 350MW of AI-ready data center capacity by the first quarter of 2028, while the Johor Bahru campus, including the recently announced A202 facility, is expected to reach 86.8MW. Bitdeer AI said it develops capacity in line with contracted demand and expects to fund expansion mainly through customer prepayments, operating cash flow and financing secured against contracted cash flows. It also said demand for uncontracted capacity remains strong and that its active AI Cloud pipeline exceeds $10 billion, although contract value per megawatt varies by service mix, contract duration and site.