The company aims to become the first vertically integrated Bitcoin miner, with expansion potential of up to 1 GW of power.

Bitdeer has announced the acquisition of a 101-megawatt energy plant in Alberta, Canada, for $21.7 million. The transaction, recently completed, expands the operational capabilities of the Nasdaq-listed company.

The project, located on 19 acres (76,890 m²) near Fox Creek, Alberta, stands out for its scalability potential, with the ability to reach a capacity of 1 gigawatt. According to company plans, the plant is expected to be operational by the fourth quarter of 2026.

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