Matthew Sigel, Head of Digital Assets Research at VanEck, posted on X on Monday, October 12, 2026, outlining a substantial revenue projection for BTDR's AI Cloud business. Sigel stated that BTDR "announced another 8-year agreement for the Malaysian facility they are leasing, which brings them to 333.5MW secured of 350MW target to deliver by 1Q28. with ~30MWs contracted currently from customers. In our model we get to ~$7B in AI Cloud revenue for FY28, with big step up exiting 2027, assuming stable pricing from most recent deal from last month at $22M per MW. The Norway MWs require capex to build out, but the others are leased sites with the main capex being GPUs".
This statement provides a specific financial projection for a company heavily involved in the AI sector, a topic currently dominating financial news. Recent coverage includes ZeroHedge reporting Rabobank's analysis on AI's short-term inflationary impact, and the Federal Reserve shelving a disinflationary case due to software price surges. The focus on AI infrastructure and revenue generation highlights the ongoing investment and growth within this technology segment.
Sigel's detailed breakdown of power capacity, customer contracts, and revenue per megawatt implies a structured growth path for BTDR. Investors might watch BTDR's continued progress toward its 350MW target and the stability of its pricing models for AI cloud services. The distinction between leased sites requiring GPU capex and Norwegian facilities needing full build-out also indicates varying capital expenditure demands for the company's expansion plans.
