Bitdeer buys $ 21 million in Canada for 99 MW of Bitcoin Mining Facility

Bitdeer has taken a step towards becoming an integrated Bitcoin mining company with $ 21 million in land in Canada.

The company revealed on Tuesday that it had obtained a fully licensed energy project on a 19 -acre site near Fox Creek, Alberta, from Kiwetinohk Energy.

The costs and forecasts of the deadline

According to press releaseThis purchase allows the construction of a natural gas power plant on the site, with the approval of a 99 -megawatt connection with Alberta Electric System (AESO). The company will also create a website specifically for Bitcoin extract.

With plans to make them fully operate with Q4 2026 solutions, this step is part of a wider strategy to become the first bitcoin mine worker vertically. This will give the company in Singapore on its ASIC chips, the data center infrastructure, and the power generation.

The purchase of land and permits costs $ 21.7 million in cash, with additional investments required for the power and data center. The company estimates that the factory will need an additional 90 million dollars, while the data center will cost another $ 30 million, or $ 300,000 per megat.

As of December 2024, it was managed by 21.7 EH/S of retail power, including 8.9 EH/S of Royal Retail and 12.8 EH/S of Hashra Hosted by customers.

Strategic benefits

Once the initiative runs, Bitdeer aims to achieve the lowest Bitcoin mining production costs in this industry.

The main benefits of full vertical integration will include low energy costs, which are estimated at 20 to 25 dollars per mg, improving sustainability with a decrease in carbon fingerprint, and improving the energy cost that has been achieved by selling excessive energy to the Alberta network during high demand periods.

“We are really excited to grow roots in Alberta,” said Harris Basit, chief strategy official at BTC MINER. He added: “By combining our power generation, Sealminer, and the participation of the opportunistic network, we believe that this site will set a new criterion for the economies of the industry unit.”

Beyond mining, Bitdeer was also bought with Bitcoin. In the last update, it is open It increased its shares to 787 BTC after a modern addition of 50 BTC worth $ 4.74 million.

The company also increased 131 % in the stock value in 2024, and benefited from the Bitcoin gathering despite the general decline in the prices of other encryption mining companies.