Bitdeer AI Cloud Revenue Backlog Climbs to $2.9 Billion in September

Bitdeer Technologies Group’s AI cloud revenue backlog reached about $2.9 billion at the end of September, up from $900 million in August, while its Bitcoin (BTC) mining output also rose. The company mined 1,355 BTC in September, up 200% from a year earlier. The backlog represents expected revenue under AI cloud contracts, not revenue already earned. Customer commitments cover more than 70% of capacity at Bitdeer’s A201 data center in Malaysia. Those commitments are expected to generate more than $1.7 billion over five years. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost