Bitdeer Technologies Group has entered into a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity, boosting its global capacity to 2.5 gigawatts (GW).
In a strategic move, Bitdeer, a company listed on Nasdaq, has leased land at the Hannibal Industrial Park in Clarington, Ohio for a period of 30 years. The site, previously used for aluminum processing, offers pre-existing power infrastructure and utility switchyards capable of supporting large-scale loads. The first phase of the project, which will provide 266 MW, is expected to be fully operational by the third quarter of 2025. The remaining 304 MW is currently under review for inclusion in the regional transmission planning process.
Linghui Kong, the chief business officer at Bitdeer, expressed excitement about the expansion and its potential benefits for the company and its stakeholders. Kong highlighted the strategic location of the Hannibal Industrial Park and its readily available infrastructure, which significantly increases Bitdeer’s power capacity and supports its growth aspirations in the fields of bitcoin mining, high-performance computing (HPC), and artificial intelligence (AI).
This move is aimed at bolstering Bitdeer’s infrastructure for bitcoin mining, HPC, and AI operations. The company recognizes the importance of the Hannibal Industrial Park’s infrastructure in facilitating its growth and operational objectives. Like many of its competitors, Bitdeer is actively seeking opportunities to expand its capabilities in the rapidly advancing computing and technology sector.
What are your thoughts on Bitdeer’s partnership with Ohio’s Port Authority? We welcome your opinions and comments on this matter.
