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12.08.26 - 13:48
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Norway′s Sovereign Wealth Fund CEO Eyes Future Risks (Bloomberg)
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Nicolai Tangen, CEO of Norway's $2.3 trillion sovereign wealth fund, tells Bloomberg he is cautious on future risks including AI valuations, inflation and geopolitical conflict, despite record results. Norges Bank Investment Management reported its best quarterly earnings for six years, with half-year returns exceeding 9%, gaining approximately $185 billion. (Source: Bloomberg)...
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10.08.26 - 12:48
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Norway Inflation Rises To 3.0% In July (AFX)
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OSLO (dpa-AFX) - Norway's consumer price inflation accelerated in July from a four-month low in June, data from Statistics Norway showed on Monday.Consumer prices climbed 3.0 percent year-on-year ......
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04.08.26 - 16:42
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Bitdeer Lands $4.7B Norway Lease With a16z-, Nvidia- And Dell-Backed Volta (ZeroHedge)
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Bitdeer Lands $4.7B Norway Lease With a16z-, Nvidia- And Dell-Backed Volta
Bitdeer Technologies Group (NASDAQ: BTDR) announced Aug. 4 that it has executed a 16-year colocation lease and services agreement for 121 IT megawatts at its Tydal, Norway campus, representing roughly $4.7 billion in contracted payments, with a renewal option that takes the potential total to $8.0 billion over 24 years. The announcement sent shares about 14% higher premarket.
The tenant is Volta Tydal AS, a subsidiary of Volta Infra Holdings, an AI infrastructure platform that emerged the same morning with $300 million in venture funding at a $2.4 billion valuation, co-led by Andreessen Horowitz and Altimeter Capital, with NVIDIA and Michael Dell participating. Dell Technologies is the technology provider at Tydal. Volta's end customer is an unnamed leading AI lab.
Bitdeer has turned an idle bitcoin mining campus into long-dated contracted revenue backed by bank credit, and it issued no equity and no warrants to do it....
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