BTDR secures long-term agreement for Malaysian facility, Matthew Sigel notes

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BTDR secures long-term agreement for Malaysian facility, Matthew Sigel notes — BTDR secures Malaysian lease, targets 350MW

BTDR announced an additional 8-year agreement for the Malaysian facility it is leasing, bringing its total secured capacity to 333.5MW out of a 350MW target for delivery by the first quarter of 2028. The company currently has around 30MW contracted from customers. Matthew Sigel stated that, in his model, he arrives at approximately $7 billion in AI Cloud revenue for fiscal year 2028, noting a significant step forward.

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BTDR recently expanded homemade ASIC deployments at Soluna's Dory Creek Texas facility, adding more than 7MW of mining capacity with equal revenue sharing, according to previous reports. In a separate development, Matthew Sigel has publicly assessed industry trends, including his criticism of bankers behind the failed Firmus $30 billion IPO, calling the outcome a healthy move for the sector (full story). These remarks reflect Sigel's ongoing monitoring of major industry developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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