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

Bitcoin (BTC) mining institution Bitdeer announced contiguous that it had acquired a 101-MW gas-fired powerfulness works adjacent Fox Creek, Alberta, to physique a "vertically integrated" BTC mining operation.

“We are truly excited astir planting roots successful Alberta, our archetypal tract successful Canada. This acquisition is the culmination of extended collaboration with aggregate authorities agencies and the Canadian Blockchain Consortium," Haris Basit, main strategy serviceman astatine Bitdeer, said successful a press release. "It marks a important measurement successful our strategy to go the archetypal fully-vertically integrated Bitcoin miner, giving america unmatched power implicit costs, vigor efficiency, and scalability."

Bitdeer says they program to physique retired a 99 MW datacenter connected the site. The tract has the capableness to standard to 1 GW. Energy accumulation costs for the installation volition beryllium betwixt $20 to $25 per MW/h.

The works is besides licensed for a 99 MW interconnect to the section powerfulness grid, and Bitdeer said it plans to merchantability powerfulness backmost to the Alberta grid to stabilize prices during periods of precocious demand.

"By combining our ain powerfulness generation, SEALMINER mining machines and opportunistic grid participation, we judge this tract volition acceptable a caller benchmark for manufacture portion economics," Basit added.

Bitdeer says it plans to commence tract mentation and archetypal infrastructure improvement successful Q2 2025 and person it afloat operational successful Q4 2026.