What to know:
- Bitdeer has acquired a 101 MW natural gas plant in Alberta for a princely sum of $21.7M. 💰
- The company plans to use it for BTC mining, with the audacious possibility to expand up to a whopping 1 GW. 🚀
In a move that can only be described as both bold and slightly bonkers, Bitcoin (BTC) mining company Bitdeer has announced its acquisition of a 101-MW gas-fired power plant nestled near Fox Creek, Alberta. This, dear reader, is to facilitate a “vertically integrated” BTC mining operation. Whatever that means! 🤔
“We are positively tickled pink about planting roots in Alberta, our very first site in the Great White North,” chirped Haris Basit, the chief strategy officer at Bitdeer, in a press release that surely had the ink still wet. “This acquisition is the culmination of extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium,” he continued, sounding like he had just won the lottery. “It marks a significant step in our strategy to become the first fully-vertically integrated Bitcoin miner, giving us unmatched control over costs, energy efficiency, and scalability.” Fancy that! 🎩
Bitdeer has grand plans to erect a 99 MW datacenter on this site, which, if all goes according to plan (and when does it ever?), has the capacity to scale to a staggering 1 GW. Energy production costs for this facility will be between $20 to $25 per MW/h, which sounds like a bargain if you’re into that sort of thing. 🤑
But wait, there’s more! The plant is also licensed for a 99 MW interconnect to the local power grid. Bitdeer has grand designs to sell power back to the Alberta grid, stabilizing prices during those pesky periods of high demand. Because who doesn’t want to play the hero in the energy market? 🦸♂️
“By combining our own power generation, SEALMINER mining machines, and opportunistic grid participation, we believe this site will set a new benchmark for industry unit economics,” Basit added, likely while polishing his crystal ball. 🔮
Bitdeer plans to commence site preparation and initial infrastructure development in Q2 2025, with dreams of having it fully operational by Q4 2026. Mark your calendars, folks! 🗓️
Read More
- Best Crosshair Codes for Fragpunk
- Enigma Of Sepia Tier List & Reroll Guide
- Monster Hunter Wilds Character Design Codes – Ultimate Collection
- Hollow Era Private Server Codes [RELEASE]
- Wuthering Waves: How to Unlock the Reyes Ruins
- Ultimate Tales of Wind Radiant Rebirth Tier List
- FARTCOIN PREDICTION. FARTCOIN cryptocurrency
- SWORN Tier List – Best Weapons & Spells
- Skull and Bones Timed Out: Players Frustrated by PSN Issues
- Master Wuthering Waves: Conquer All Dream Patrol Trials in Penitent’s End for Epic Rewards!
2025-02-05 07:28