Mining company Bitdeer is in the process of gaining access to 570 MW of additional capacity, which will increase the company's total to 2.5 GW.
We are pleased to announce that Bitdeer has forged a strategic partnership with the Monroe County Port Authority (MCPA) in Ohio, securing an additional power capacity of up to 570 MW, significantly expanding our global available capacity to 2.5 GWs.
Bitdeer has leased land for… pic.twitter.com/p10clyA2Or
Bitdeer has leased Hannibal Industrial Park, owned by the Monroe County Port Authority in Clarington (Ohio, USA), for 30 years. Previously, the company was engaged in aluminum processing.
The company noted that the facility uses energy infrastructure, switchgears and network bandwidth that support "hyper-scalable loads."
Bitdeer is expected to gain access to 266 MW of the total under the agreement in the third quarter of 2025. The remaining 304 MW are still under consideration and should be officially included in the regional electricity distribution plan.
"The strategic location of the Hannibal Industrial Park, combined with its ready—to-use infrastructure, significantly expands our existing capacities and supports our growth ambitions in bitcoin mining, high-performance computing and artificial intelligence," said Bitdeer Business Development Director Linghui Kun.
The company operates data centers in the USA, Norway and Bhutan.
Matthew Siegel, head of digital asset research at VanEck, drew attention to the fact that the deal demonstrates the continuation of the "reversal" of miners towards AI.
#bitcoin miners: AI pivot continues -->
Bitdeer Technologies Group ($BTDR, +5%) announced that it has entered into a 570 MW strategic partnership with Monroe County Port Authority in Ohio, expanding the company's power capacity pipeline to 2.5 GW (!!).
In April, CoinShares experts, against the background of the halving, suggested that cryptocurrency miners would compensate for the reduction in income, including through expansion into the field of AI.
The largest deal in this direction was the hosting agreement between Core Scientific and CoreWeave to provide infrastructure with a capacity of 200 MW for hosting Nvidia GPUs. The mining company plans to receive revenue of up to $3.5 billion over the 12-year term of the contract.
Recall that in May, Tether invested $100 million in Bitdeer in the form of equity. The issuer of the USDT stablecoin may increase investments in the bitcoin miner by another $50 million.