Bitdeer Secures 101 MW Gas-Powered Plant in Alberta for Bitcoin Mining Expansion.

Bitdeer, a prominent Bitcoin mining firm, has successfully acquired a 101-MW gas-powered plant in Fox Creek, Alberta, for $21.7 million, with plans to integrate the facility into its mining operations. This acquisition marks a significant step towards achieving Bitdeer’s goal of vertical integration in the Bitcoin mining industry.

“We are excited to plant our first Canadian foothold in Alberta. This acquisition is the result of months of collaboration with various government bodies and the Canadian Blockchain Consortium,” said Haris Basit, Chief Strategy Officer at Bitdeer. “This is a major milestone in our strategy to become the first fully vertically integrated Bitcoin miner, allowing us to optimize costs, energy efficiency, and scalability.”

The 101-MW gas facility will be equipped with a 99 MW data center, with potential to expand up to 1 GW in capacity. The energy production costs will be between $20 and $25 per MW/h. The plant is also licensed for a 99 MW interconnection to the local grid, and Bitdeer plans to sell excess energy to the Alberta grid to help stabilize electricity prices during high-demand periods.

“By integrating our own energy generation, utilizing our SEALMINER mining rigs, and strategically engaging with the grid, we aim to set a new industry benchmark in mining efficiency and profitability,” Basit concluded.

Bitdeer is set to begin site preparations and infrastructure development in Q2 2025, with plans to have the operation fully online by Q4 2026.