Bitdeer Announces Strategic Acquisition of 101 MW Site and Gas-fired Power Project in Alberta to Deliver the Industry's First Fully-Vertically Integrated Bitcoin Mining Site
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Bitdeer Technologies Group (NASDAQ: BTDR) has acquired a 101 MW site and gas-fired power project in Alberta for $21.7 million, aiming to create a fully-vertically integrated Bitcoin mining site.
February 04, 2025 | 11:30 pm
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Bitdeer Technologies Group has acquired a 101 MW site in Alberta for $21.7 million, aiming to establish a fully-vertically integrated Bitcoin mining site.
The acquisition of a 101 MW site and gas-fired power project in Alberta positions Bitdeer to enhance its Bitcoin mining capabilities. This strategic move is likely to positively impact BTDR's stock price in the short term due to the potential for increased operational efficiency and capacity expansion.
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