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Highlights:
- Bitdeer has secured a gas-fired power plant in Alberta to establish a vertically integrated Bitcoin mining facility.
- The facility includes a connection to the local power grid, with plans to contribute electricity during peak demand periods.
- The company aims to enhance energy efficiency and scalability through its own power generation and mining hardware.
Bitdeer has completed the acquisition of a gas-fired power plant in Alberta, marking its first expansion into Canada. The company aims to integrate power generation with cryptocurrency mining, enhancing operational efficiency and cost management.
Strategic Expansion into Alberta
The company’s leadership highlighted the collaboration with government agencies and industry groups as a key factor in finalizing the deal. The power plant’s location and infrastructure are expected to support large-scale mining operations while ensuring greater control over energy costs.
Integration with the Local Power Grid
The facility includes an interconnection with the Alberta power grid, enabling Bitdeer to provide electricity during periods of increased demand. This approach is expected to support grid stability while optimizing energy use within the mining operations.
Infrastructure Development Timeline
Site preparation and initial infrastructure work are scheduled to begin in the coming months. The full-scale launch of the mining facility is expected within the next two years, with a focus on operational efficiency and sustainable energy management.
