Bitdeer Expands Bitcoin Mining in Ohio Industrial Park

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As a seasoned crypto investor with a keen interest in Bitcoin mining, I’m thrilled to hear about Bitdeer Technologies Group’s (Nasdaq: BTDR) latest expansion move. This new 30-year lease agreement at the Hannibal Industrial Park in Clarington, Ohio, is a significant step forward for the company, allowing them to enhance their global power capacity to an impressive 2.5 GW.

Bitdeer Technologies Group has achieved a substantial expansion in its Bitcoin mining capabilities with a new 30-year lease agreement with the Monroe County Port Authority. This deal, located at the Hannibal Industrial Park in Clarington, Ohio, represents a pivotal move for Bitdeer as they strive to boost their global power capacity to 2.5 gigawatts.

As a crypto investor, I’m always on the lookout for locations with reliable and robust power infrastructure to support my mining operations. The Hannibal Industrial Park is an excellent find in this regard, as it was previously used for aluminum processing and offers a strong power foundation for my intensive computing needs.

To begin with, approximately 266 megawatts (MW) of power are projected to become functional by the third quarter of 2025. An extra 304 MW is anticipated, but it’s subject to regulatory approval and integration into the regional transmission planning frameworks.

“Bitdeer and its shareholders look forward to the opportunities this expansion presents. The advantageous position of the Hannibal Industrial Park, along with its pre-existing facilities, notably increases our current power capabilities, boosting our aspirations for growth in Bitcoin mining as well as HPC and AI industries,” expressed Linghui Kong, Bitdeer’s Chief Business Officer.

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2024-06-29 02:44