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Bitdeer Technologies ( (BTDR) ) has provided an update.
Bitdeer Technologies Group announced the acquisition of a 101 MW site and gas-fired power project in Alberta, aiming to establish the world’s first fully-vertically integrated Bitcoin mining site. This strategic move allows Bitdeer to control the entire value chain from power generation to Bitcoin mining, enhancing cost efficiency and scalability. The project includes plans for a natural gas power plant and 99 MW of datacenter capacity, with potential energy cost advantages and carbon credit opportunities. The development is set to begin in Q2 2025, with energization expected by Q4 2026.
More about Bitdeer Technologies
Bitdeer Technologies Group is a leading technology company specializing in the blockchain and high-performance computing industry. The company provides comprehensive computing solutions, including equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities for artificial intelligence demands. Headquartered in Singapore, Bitdeer operates datacenters in the United States, Norway, and Bhutan.
YTD Price Performance: -23.87%
Average Trading Volume: 8,584,620
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.21B
Learn more about BTDR stock on TipRanks’ Stock Analysis page.
