Bitcoin (BTC) Mining Company Bitdeer announced today that today it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a “vertical integrated” BTC mining.
“We are really excited about planting roots in Alberta, our first place in Canada. This acquisition is the culmination of extensive cooperation with several state agencies and the Canadian blockchain consortium, “said Haris Basit, Chief Strategy Officer at Bitdeer, in a press release.” It marks a significant step in our strategy to become the first fully literically integrated bitcoin mines that give us unmatched control over costs, energy efficiency and scalability. “
Bitdeer says they are planning to build a 99 MW data center on the site. The site has the capacity to scale to 1 GW. Energy production costs for the plant will be between $ 20 to $ 25 per day. MW/H.
The plant is also licensed for a 99 MW interconnection to the local power network, and Bitdeer said it is planning to sell power back to the Alberta grille to stabilize prices during periods of high demand.
“By combining our own power production, Sealminer -min machines and opportunistic net participation, we think this site will set a new benchmark for industrial unit economy,” Basit added.
Bitdeer says it plans to start preparation of the site and the first infrastructure development in the 2nd quarter of 2025 and has it fully operational for the 4th quarter of 2026.
