Bitdeer Buys Land in Canada for Huge Bitcoin Mining Operation

• 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…

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