Bitdeer acquires a 101-megawatt permitted website in Alberta for $21.7M to construct a bitcoin mining energy plant and knowledge middle. The challenge features a $90M pure gasoline energy plant and a $30M mining facility, with full energization anticipated by This fall 2026.
Bitdeer Acquires Bitcoin Mining Operations with New Energy Venture
Bitcoin mining agency Bitdeer has bought a 101-megawatt permitted website 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 challenge and a 99-megawatt bitcoin mining knowledge middle, with grid interconnection approval from the Alberta Electrical System Operator (AESO).
Bitdeer’s Funding and Growth Timeline
Bitdeer plans to speculate $90 million within the energy plant and a further $30 million within the knowledge middle, bringing the whole challenge value to $120 million. Web site preparation is predicted to start in Q2 2025, with full energization focused for This fall 2026.
By controlling ASIC chips, infrastructure, and energy era, Bitdeer seeks to change into the trade’s first absolutely 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, decreasing operational prices and rising vitality effectivity in Bitcoin mining. By proudly owning its energy supply, the corporate can mitigate vitality value volatility, a key problem for mining companies.
The Alberta website’s grid connection approval additionally permits Bitdeer to optimize vitality use whereas making certain regulatory compliance. With the Bitcoin mining trade going through elevated scrutiny over vitality consumption, securing a devoted energy supply positions Bitdeer competitively within the evolving market.
Trying Forward
Bitdeer’s funding highlights the continued institutionalization of Bitcoin mining, with firms in search of long-term vitality options to stay aggressive. Because the crypto mining panorama evolves, vertically built-in operations like Bitdeer’s might set a brand new trade commonplace.
Comply with official Bitdeer bulletins for updates on the Alberta challenge’s progress and future developments in Bitcoin mining infrastructure.
