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MainNewsBitdeer Buys...

Bitdeer Buys Land in Canada for Huge Bitcoin Mining Operation


by Peter Mwangi
for CoinEdition
  • Bitdeer acquires a 19-acre site in Alberta for Bitcoin mining and power generation.
  • New 101 MW power plant and data center set to boost Bitdeer’s mining capacity.
  • Bitdeer aims for full vertical integration with its energy and mining operations.

Bitdeer has scaled its operations by buying a 19-acre site near Fox Creek in Alberta, Canada, for $21.7 million. The acquisition includes the rights to build a natural gas-powered plant and a Bitcoin mining data center, making it a big move for the Nasdaq-listed firm as it works to strengthen its energy control and operational capacity.

The newly acquired land will house a 101-megawatt power project, with construction set to begin in Q2 2025. Bitdeer has already obtained the necessary permits and licenses for the site, which has room for future growth. The company hints at the possibility of expa…

The post Bitdeer Buys Land in Canada for Huge Bitcoin Mining Operation appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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IBIT fell 1.32% to $59.99 on Thursday.
Billionaire Tim Draper: Future Economy May Not Include US Dollar

Billionaire Tim Draper: Future Economy May Not Include US Dollar

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MainNewsBitdeer Buys...

Bitdeer Buys Land in Canada for Huge Bitcoin Mining Operation


by Peter Mwangi
for CoinEdition
  • Bitdeer acquires a 19-acre site in Alberta for Bitcoin mining and power generation.
  • New 101 MW power plant and data center set to boost Bitdeer’s mining capacity.
  • Bitdeer aims for full vertical integration with its energy and mining operations.

Bitdeer has scaled its operations by buying a 19-acre site near Fox Creek in Alberta, Canada, for $21.7 million. The acquisition includes the rights to build a natural gas-powered plant and a Bitcoin mining data center, making it a big move for the Nasdaq-listed firm as it works to strengthen its energy control and operational capacity.

The newly acquired land will house a 101-megawatt power project, with construction set to begin in Q2 2025. Bitdeer has already obtained the necessary permits and licenses for the site, which has room for future growth. The company hints at the possibility of expa…

The post Bitdeer Buys Land in Canada for Huge Bitcoin Mining Operation appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Downside Insurance on BlackRock's Spot Bitcoin ETF is Now Pricer Than Bullish Bets

Downside Insurance on BlackRock's Spot Bitcoin ETF is Now Pricer Than Bullish Bets

IBIT fell 1.32% to $59.99 on Thursday.
Billionaire Tim Draper: Future Economy May Not Include US Dollar

Billionaire Tim Draper: Future Economy May Not Include US Dollar

The days of the US dollar are numbered, per Tim Draper, a renowned venture capital in...