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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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29.07.26 - 10:36
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Norway Retail Sales Expand Most Since May 2024 (AFX)
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OSLO (dpa-AFX) - Norway's retail sales grew at the quickest pace in just over two years in May after declining in the previous month, preliminary data from Statistics Norway showed on Wednesday.Th......
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29.07.26 - 09:36
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′Free Stuff′ In Norway Still Costs Half Of Average Pay (ZeroHedge)
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'Free Stuff' In Norway Still Costs Half Of Average Pay
Authored by Joakim Book via TheDailyEconomy.org,
Every few years, Americans rediscover Scandinavia.
Someone visits Norway or Denmark, returns dazzled and envious of parental leave and universal childcare, and asks why America refuses to copy what obviously works. On the day dedicated to celebrating America, Nicholas Kristof, a Pulitzer Prize-winning journalist, wrote for The New York Times that America is so great that, in fact, it should be more like Norway. If American companies can pay high wages and generous benefits to workers there, Kristof observed, they could do so in New York, too.
If only America were willing to embrace a little more social democracy and bigger government, this popular and recurring story goes, perhaps it could enjoy the same prosperity and flourishing that Norway does — and have its population also routinely rank among the happiest on the planet.
I was born and raised in one Nordic country, have worke...
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22.07.26 - 10:48
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Norway′s national oil company profits double to $11.5bn amid war on Iran (The Guardian)
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Equinor benefits from move to ramp up oil and gas production during strait of Hormuz blockadesBusiness live – latest updatesProfits at Norway's state oil company nearly doubled to $11.5bn (£8.6bn) in the three months to the end of June, as earnings were boosted by the jump in oil and gas prices caused by the US-Israel war on Iran.Equinor benefited from a decision to ramp up oil and gas production since the start of the conflict, filling a gap in the market after a slump in oil flows from the Gulf amid the throttling of shipping traffic through the strait of Hormuz. Continue reading......
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21.07.26 - 09:48
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Norway Jobless Rate Rises To 4.5% (AFX)
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OSLO (dpa-AFX) - Norway's unemployment rate increased slightly in June after falling in the previous two months, the labor force survey data from Statistics Norway showed on Tuesday.The seasonally......
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