Bitcoin mining firm Bitdier has acquired 19 acres of land in $ 21.7 million in Alberta, Canada. The power plant can be up to 1 GW power.
One in Press releaseSingapore -based Bitcoin (BTC) mining firm announced that it successfully completed an acquisition deal for a 101 MW site and gas -made power project located near Fox Creek, Alberta, Canada, priced at $ 21.7 million.
According to Bitdier, the site is fully licensed and already included permits required for the construction of the natural gas power plant on the site. In addition, Bitdier also received approval to create a 99 MW interconnection grid with the Alberta Electric System Operator, priced at $ 30 million or $ 300,000 per MW. The 99 MW grid of datastery capacity will be used for more bitcoins.
According to current gas prices, the site comes with an estimated energy production cost of about $ 20 to $ 25 per MWH.
In partnership with Engineering, Procurement and Construction or EPC company, Bitdier plans to develop and build a power plant that will be ready and active by the fourth quarter of 2026. In addition, Bitdier will be allowed to deploy 9 EH/s of its sealminer A3 mining machines once the growth on the site is complete.
Bitdier has also planned to sell power back into the Alberta grid to stabilize gas prices during the high demand period, which hopes that it can optimize operating costs.
Bitdier, the Chief Strategy Officer of Haris Basit asked the mark of the deal of Bitdier’s first site acquisition in Canada. The company is first Acquired Mining sites in America, Bhutan and Norway.
Basit said in a statement, “This is an important step in our strategy to become the first fully integrated bitcoin miners, giving us unmatched control over cost, energy efficiency and scalability.”
As part of the deal, Bitdeer will deploy a carbon use system that captures the CO2 on the site, making it a pure zero carbon producer project. This is to compensate the Canada’s carbon tax and generate revenue through carbon credit.
Alberta’s premiere, Daniel Smith, welcomes the bitcoin mining project and encourages other firms to come to Alberta if they “want to do business and are planning to bring their power.”
“Today’s investment is another indication that Alberta is a pioneer not only across the country, but across the world,” Smith said.
According to HC Venrite analysts, Bitcoin Minors experienced a significant increase after crossing $ 100,000 for the first time after bitcoin in the last quarter of 2024. Increase in bitcoin prices later increased mining activity as BTC production increased by 16.4% on a quarter-spectacle basis, while the transaction fee increased by 59.4%.
