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Bitdeer AI Signs 16-Year Lease Agreement with Volta Worth Approximately $4.7B

Bitdeer AI, part of Bitdeer (BTDR) announced that it has executed a 16-year colocation lease and services agreement through its subsidiary, Tydal Data Center with Volta Tydal AS, a subsidiary of Volta. Volta's customer at the Tydal site will be a leading AI lab, with Dell Technologies (DELL) as the technology provider. Under the agreement, TDC will deliver 121 IT megawatts, supported by an estimated 133 gross MW, at its Tydal campus in Norway. The agreement represents approximately $4.7B in contracted revenue over the initial 16-year base term. An 8-year renewal option increases the potential total contract value to approximately $8B over 24 years. The lease is structured as a modified gross arrangement with an average payment of approximately $202/kW/month over the first 16 years, with electricity costs reimbursed by the tenant on a pass-through basis. Volta's obligations are anticipated to be supported by a credit backstop in the form of Letters of Credit arranged by affiliates of J.P. Morgan and another top-tier global financial institution, totaling approximately $1.3 billion and subject to customary conditions.

Meta Partners with BlackRock to Develop Data Center, Investing Over $10 Billion

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.AI MODEL REVIEW:OpenAI and Anthropic have jointly urged the Trump administration to require government reviews of advanced AI models across the industry, aligning on AI safety oversight despite being fierce competitors, The Information's Stephanie Palazzolo.AI STRATEGY OVERHAUL:Amazonis restructuring its AI strategy by scaling back in-house model development, reorganizing teams, and concentrating resources on fewer priority efforts to better compete in frontier AI, Business Insider's Eugene Kim. According to people familiar with the matter, Amazon is shifting its AI strategy away from broad Nova model development toward a focused frontier-model effort, deprecating several flagship models, reorganizing teams, and concentrating engineering and compute resources on a next-generation foundation model expected to debut atMEMORY REQUIREMENTS:Nvidiais reducing memory requirements for its Vera Rubin NV72 AI rack system to address elevated memory costs and supply constraints, supported by long-term memory agreements that have helped mitigate industry-wide shortages, Wccftech's Ramish Zafar, citing analysis from GF Securities. Without these adjustments, Zafar writes that memory could account for around 29% of the Vera Rubin VR200 system's estimated $2.1M bill of materials, well above Nvidia's preferred level of 20%.AI CONTENT PARTNERSHIP:Newsmaxannounced that the Company has entered into an AI content partnership with Meta Platforms. Under the agreement, Meta will have access to Newsmax's digital news content. Meta will be able to draw upon Newsmax's significant current reporting as well as archived content across its platforms to support AI queries across Meta's apps and devices.AI INNOVATION:DXC Technologyannounced a strategic partnership with ElevenLabs, an AI company specializing in audio models and voice agents. The collaboration will accelerate DXC's AI-first transformation strategy by embedding advanced voice AI capabilities across its internal operations and customer solutions. DXC also participated in ElevenLabs' recent $500M Series D funding round, valuing the company at approximately $11B. As part of this partnership, DXC will embed advanced voice AI capabilities across its global enterprise environment, enhancing employee productivity, modernizing customer engagement, and enabling new AI-driven service offerings.CORTEX AI GATEWAY:Snowflakeintroduced Cortex AI Gateway and several AI security innovations that "establish the foundation" for trusted agent interoperability, enabling organizations to securely scale their agentic enterprises. "Enterprise AI is moving from data interoperability to agent interoperability, and security has to be at the center of that shift," said Mayank Upadhyay, Chief Security and Trust Officer, Snowflake. "Agent interoperability only works when enterprises can trust how agents from different platforms access data, invoke tools, and take action on behalf of users. Snowflake provides the visibility, governance, and control capabilities needed to make that interoperability secure for production AI. The future of the agentic enterprise will not be built in closed agent ecosystems, and Snowflake is the trusted control plane that enables secure enterprise work."AI RESEARCH:Everforth ECS, the Federal Government Segment of Everforth, announced the company has won a three-year, $115M contract with the U.S. Army Combat Capabilities Development Command, DEVCOM, Army Research Laboratory, ARL. Under the award, Everforth ECS will support the Nautilus for AI Research and Development program, helping the Department of War, DoW, accelerate the development, testing, and operational integration of advanced AI capabilities.OPEN SECURE AI ALLIANCE COALITION:Nvidiaon Monday it had formed a coalition with other companies to develop and share tools for AI safety and cybersecurity. The Open Secure AI Alliance, with founding members including Adobe, CrowdStrike, Dell Technologies, and Hugging Face, follows a public letter, signed by a wide range of companies including OpenAI, which advocates for open-weight AI models. Nvidia said it is contributing open models, weights, data and agent harness research to the Alliance, including the new open-source Nvidia Labs Object-Oriented Agent project, now available on code-hosting platform GitHub.DATA CENTER CAMPUS:Meta Platformsand BlackRockannounced a venture to develop and own a data center campus in El Paso, Texas. The data center campus, currently under construction in El Paso, Texas, will have 1 gigawatt of compute capacity and will play a role in bringing Meta's AI technologies to life, accelerating progress on AI models and supporting enhancements to the core business. Meta will provide construction management, administrative, and property management services for the campus, and will be the initial sole occupant of the campus upon completion. The transaction is expected to close in the coming days and the venture expects to begin bringing this capacity online in 2028.The El Paso data center represents an investment of over $10B from Meta, supporting more than 4,000 construction jobs at peak and 300 operational jobs once complete. Funds managed by BlackRock will own an 80% interest in the venture, while Meta will retain the remaining 20% ownership. The parties have committed to fund their respective pro rata share of the approximately $14B in total development costs for the buildings and long-lived power, cooling, and connectivity infrastructure at the campus. At financial close, Meta will contribute the venture land and construction-in-progress assets valued at approximately $2.3B, and BlackRock will make a cash contribution of approximately $4.9B. Meta will receive a one-time distribution of approximately $1B to align ownership stakes in accordance with the 80/20 ownership split. A portion of BlackRock's investment will be funded with proceeds from a $12.5B debt financing.