Bitcoin-mining and neocloud operator Bitdeer (Nasdaq: BTDR) secured approximately 332 MW of AI-cloud IT capacity, with approximately $2.9 billion in revenue backlog.

Bitdeer’s SEC-filed unaudited Q3 release reported approximately 332 IT MW of secured AI-cloud capacity and approximately $2.9 billion in AI-cloud revenue backlog. IT MW refers to information technology load capacity; neither the secured-capacity figure nor backlog establishes that all capacity is already operating or that the revenue has been recognized.

Management said construction at Tydal remained on target and that customer prepayments together with project-level financing were designed to fund AI development. The supplied excerpt does not disclose a specific completed financing amount, financing terms, or a Tydal commissioning date.

Company-wide Q3 revenue reached $320.7 million, up 89% year over year and 40% from Q2, while cost of revenue was $309.9 million and gross profit $10.8 million. Net loss widened to $125.5 million, including a $54.6 million non-cash loss from changes in the fair value of the digital-assets loan; these are group figures, not AI-cloud segment results.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $69.6 million, up 173% year over year. At September 30, Bitdeer held $213.7 million in cash, cash equivalents, and restricted cash, plus $387.0 million in digital assets and digital-asset receivables; the Singapore-headquartered company continues to identify both AI neocloud services and Bitcoin-mining infrastructure as its businesses.