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Reading: Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for BTC Mining
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Your Crypto News Today > Mining > Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for BTC Mining
Mining

Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for BTC Mining

February 5, 2025 2 Min Read
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Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for BTC Mining

Bitcoin (BTC) mining firm Bitdeer introduced right this moment that it had acquired a 101-MW gas-fired energy plant close to Fox Creek, Alberta, to construct a “vertically built-in” BTC mining operation.

“We’re actually enthusiastic about planting roots in Alberta, our first web site in Canada. This acquisition is the end result of intensive collaboration with a number of authorities companies and the Canadian Blockchain Consortium,” Haris Basit, chief technique officer at Bitdeer, mentioned in a press launch. “It marks a major step in our technique to change into the primary fully-vertically built-in Bitcoin miner, giving us unmatched management over prices, vitality effectivity, and scalability.”

Bitdeer says they plan to construct out a 99 MW datacenter on the positioning. The location has the capability to scale to 1 GW. Vitality manufacturing prices for the ability shall be between $20 to $25 per MW/h.

The plant can also be licensed for a 99 MW interconnect to the native energy grid, and Bitdeer mentioned it plans to promote energy again to the Alberta grid to stabilize costs in periods of excessive demand.

“By combining our personal energy technology, SEALMINER mining machines and opportunistic grid participation, we imagine this web site will set a brand new benchmark for business unit economics,” Basit added.

Bitdeer says it plans to begin web site preparation and preliminary infrastructure improvement in Q2 2025 and have it absolutely operational in This autumn 2026.

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