The company aims to become the first vertically integrated Bitcoin miner, with expansion potential of up to 1 GW of power.
Bitdeer has announced the acquisition of a 101-megawatt energy plant in Alberta, Canada, for $21.7 million. The transaction, recently completed, expands the operational capabilities of the Nasdaq-listed company.
The project, located on 19 acres (76,890 m²) near Fox Creek, Alberta, stands out for its scalability potential, with the ability to reach a capacity of 1 gigawatt. According to company plans, the plant is expected to be operational by the fourth quarter of 2026.
Haris Basit, Chief Strategy Officer of Bitdeer, stated:
“This acquisition 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.”
Based in Singapore, Bitdeer is consolidating its global presence in the Bitcoin mining sector. The company already operates in the U.S., Norway, and Bhutan, with a total hash rate of approximately 21.6 EH/s, according to the latest operational data released in December.
