Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta
Bitcoin (BTC) mining company Bitdeer announced today the acquisition of a 101-MW gas-fired power plant near Fox Creek, Alberta, for the construction of a "vertically integrated" BTC mining operation.
"We are very excited to be putting down roots in Alberta, our first site in Canada. This acquisition is the culmination of extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium," Haris Basit, chief strategy officer at Bitdeer, said in a press release. "It marks a significant step in our strategy to become the first fully-vertically integrated Bitcoin miner, giving us unmatched control over costs, energy efficiency, and scalability."
Bitdeer said they plan to construct a 99 MW data center on the site. The site has the capacity to scale up to 1 GW. Energy production costs for the facility will be in the range of $20 to $25 per MW/hr.
The plant is also licensed for a 99 MW interconnect to the local power grid, which Bitdeer said it plans to use to sell power back to the Alberta grid to stabilize prices during periods of high demand.
"By combining our own power generation, SEALMINER mining machines and opportunistic grid participation, we believe this site will set a new benchmark for industry unit economics," Basit added.
Bitdeer said it plans to commence site preparation and initial infrastructure development in Q2 2025 and have it fully operational in Q4 2026.
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