CoinDesk
Published on 2025-02-05 | 1 month ago

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

Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a "vertically integrated" BTC mining operation.“We are really excited about planting 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 says they plan to build out a 99 MW datacenter on the site. The site has the capacity to scale to 1 GW. Energy production costs for the facility will be between $20 to $25 per MW/h.The plant is also licensed for a 99 MW interconnect to the local power grid, and Bitdeer said it plans 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 says it plans to commence site preparation and initial infrastructure development in Q2 2025 and have it fully operational in Q4 2026.

Read full article on COINDESK

Latest News View more

BITCOIN.COM | Published on 2025-03-14 | 2 mins ago
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
1
BITCOIN.COM | Published on 2025-03-14 | 2 mins ago
COINTELEGRAPH | Published on 2025-03-14 | 16 mins ago
Bullish
3%

Bullish
Neutral
64%

Neutral
Bearish
33%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
2
COINTELEGRAPH | Published on 2025-03-14 | 16 mins ago
COINDESK | Published on 2025-03-14 | 22 mins ago
Bullish
14%

Bullish
Neutral
79%

Neutral
Bearish
6%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
3
COINGAPE | Published on 2025-03-14 | 54 mins ago
Bullish
85%

Bullish
Neutral
15%

Neutral
Bearish
0%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
4
COINGAPE | Published on 2025-03-14 | 54 mins ago
BITCOIN.COM | Published on 2025-03-14 | 1 hour ago
Bullish
15%

Bullish
Neutral
84%

Neutral
Bearish
1%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
5
COINTELEGRAPH | Published on 2025-03-14 | 1 hour ago
Bullish
1%

Bullish
Neutral
46%

Neutral
Bearish
53%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
6
COINTELEGRAPH | Published on 2025-03-14 | 1 hour ago
Top 10 Performance
XRP +3.08% News
ETH +1.48% News
SOL +0.84% News
DOGE +0.81% News
BNB +0.72% News
TRX +0.54% News
USDC +0.01% News
USDT -0.01% News
ADA -1.00% News
BTC -1.27% News
View more