Bitdco Mining Bitdeer buy Canadian energy facility for $ 21.7 million

Bitco Mining Bitdeer has announced an electrical project in Alberta, Canada, for $ 21.7 million. Project, Fall In 19 acres of land near Fox Creek, it has a preliminary capacity of 101 megawatts and the ability to expand up to 1 GB.

The company intends to increase the development of the power plant, with plans to stimulate it by the fourth quarter of 2026. This acquisition is part of the Bitdeer strategy to enhance mining processes and achieve greater energy efficiency.

Haris Basit, the chief strategy official at Bitdeer, stated that this step puts the company to become a work of bitcoin workers integrated vertically on a large scale. He stressed that the project will save the company’s control of costs and energy efficiency, which leads to a decrease in production costs in the bitcoin mining sector.

Bitdeer, listed on the Nasdaq Stock Exchange, is currently running mining facilities in the United States, Norway and Bhutan. As of December, the company I mentioned Administration of approximately 21.6 Exhashes per second (EH/S) of retail power.

The acquisition of the Alberta project represents an important step in the growth strategy in Bitdeer, as it seeks to enhance its presence in the competitive currency market. The company highlighted that the newly obtained site includes the necessary permits and licenses, which facilitates its development plans.