A mid-cap Bitcoin mining company announced its largest deal to date. What does Anthropic have to do with this?

Bitcoin miner Bitdeer Technologies has signed a 16-year lease agreement at its data center in Norway with cloud startup Volta Infrastructure. The capacity is intended for Anthropic, the developer of Claude, according to Bloomberg sources.

Volta's investors include chipmaker Nvidia and the family office of Dell founder Michael Dell.

Bitdeer's "subsidiary" has signed a lease and equipment hosting services agreement with Volta for its data center currently under construction in Norway, the miner announced.

The agreement is for 16 years, with an option to extend it for another eight years. Its total value is $4.7 billion ($8 billion if extended). For comparison: Bitdeer’s revenue for 2025 totaled $620.3 million, a 77% increase from the previous year.

Volta is leasing computing power for one of its clients, according to a press release. The client’s name was not disclosed, but Bitdeer describes it as a leading AI research lab. Volta has struck a deal with Anthropic, Bloomberg reported on August 4, citing sources.

Bitdeer, headquartered in Singapore, was founded in 2021 after spinning off from China’s Bitmain, the world’s largest manufacturer of mining equipment. Initially, it built data centers for mining and engaged in cryptocurrency mining itself.

In April 2023, Bitdeer went public following a merger with a SPAC. That same year, the mining company announced the launch of a new division—Bitdeer AI Cloud, a cloud service for artificial intelligence powered by Nvidia processors.

The company currently operates eight data centers in the United States, Norway, and Bhutan, some of which are in the process of being repurposed: instead of cryptocurrency mining, they will focus on artificial intelligence. Several more facilities, including those in Canada and Malaysia, are at various stages of construction.

For Volta, the joint project with Bitdeer in Norway will be the first in its portfolio. The startup was founded in January 2026 by former top executives of the Canadian investment firm Brookfield Asset Management. Its goal is to provide customers with access to AI infrastructure and financing for chip purchases. The company has already completed two funding rounds, the most recent of which valued it at $2.4 billion. The startup cites chipmaker Nvidia and the family office of Michael Dell, founder and CEO of Dell Technologies, as leaders in this round.

At the start of trading on August 4, Bitdeer’s stock price surged by 23%. It then gave up all of its gains and closed the session at roughly the previous closing price of $11.38 per share. In premarket trading on August 5, the stock is up more than 3%.

In light of the deal with Volta, investment bank Needham raised its price target for Bitdeer shares by nearly 16%, to $22, while maintaining its “buy” rating, according to Yahoo Finance.

In total, the company's stock has received ten "buy" recommendations from Wall Street analysts and two "hold" recommendations. The average price target is $22.64, representing nearly 100% upside potential from the last closing price.

Artificial intelligence is creating a new infrastructure economy, but access to it is limited; only tech giants can finance its development, according to Volta.

The shortage of resources is also affecting Anthropic, as demand for its AI tools is growing, according to a Bloomberg article. The company recently signed agreements to provide computing resources with a number of companies, including Elon Musk’s SpaceX, and is in talks to lease computing capacity from Meta Platforms’ data centers, the agency notes.

OpenAI CEO Sam Altman previously stated that he expects the company to spend “trillions” on physical infrastructure for AI, Bloomberg reports. Specifically, OpenAI plans to build a data center in Georgia for this purpose.