Bitdeer Acquires 101-Megawatt Site in Alberta for $21.7M to Build Bitcoin Mining Power Plant
Bitdeer acquires a 101-megawatt permitted web site in Alberta for $21.7M to construct a bitcoin mining energy plant and information middle. The venture features a $90M pure gasoline energy plant and a $30M mining facility, with full energization anticipated by This autumn 2026.
Bitdeer Acquires Bitcoin Mining Operations with New Energy Venture
Bitcoin mining agency Bitdeer has bought a 101-megawatt permitted web site in Alberta, Canada, for $21.7 million, aiming to construct a completely built-in bitcoin mining operation. The acquisition features a pure gasoline energy plant venture and a 99-megawatt bitcoin mining information middle, with grid interconnection approval from the Alberta Electrical System Operator (AESO).
Bitdeer’s Funding and Growth Timeline
Bitdeer plans to take a position $90 million within the energy plant and an extra $30 million within the information middle, bringing the whole venture value to $120 million. Website preparation is anticipated to start in Q2 2025, with full energization focused for This autumn 2026.
By controlling ASIC chips, infrastructure, and energy technology, Bitdeer seeks to turn out to be the trade’s first totally built-in Bitcoin mining agency. As of December 2024, the corporate managed 21.7 EH/s of hashing energy, together with 8.9 EH/s proprietary mining and 12.8 EH/s hosted for shoppers.
Strategic Transfer for Lengthy-Time period Development
This acquisition strengthens Bitdeer’s vertical integration technique, lowering operational prices and growing power effectivity in Bitcoin mining. By proudly owning its energy supply, the corporate can mitigate power value volatility, a key problem for mining corporations.
The Alberta web site’s grid connection approval additionally permits Bitdeer to optimize power use whereas guaranteeing regulatory compliance. With the Bitcoin mining trade going through elevated scrutiny over power consumption, securing a devoted energy supply positions Bitdeer competitively within the evolving market.
Trying Forward
Bitdeer’s funding highlights the continuing institutionalization of Bitcoin mining, with firms in search of long-term power options to stay aggressive. Because the crypto mining panorama evolves, vertically built-in operations like Bitdeer’s might set a brand new trade commonplace.
Observe official Bitdeer announcements for updates on the Alberta venture’s progress and future developments in Bitcoin mining infrastructure.
