Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Bitdeer plans to secure 570MW of power capacity for Bitcoin mining by leasing industrial complex
ADOPTION NEWS

Bitdeer plans to secure 570MW of power capacity for Bitcoin mining by leasing industrial complex

By Crypto FlexsJune 29, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitdeer plans to secure 570MW of power capacity for Bitcoin mining by leasing industrial complex
Share
Facebook Twitter LinkedIn Pinterest Email
Company • June 28, 2024 12:31 PM (EDT)

Posted 2 minutes ago In ~

Bitcoin mining company Bitdeer Technologies is in the process of acquiring approximately 600 MW of additional power capacity to expand its Bitcoin mining capabilities and other activities.

mining operations said On Friday, it signed a lease for an Ohio-based industrial park with advanced power infrastructure, expected to unlock up to 570 MW of power capacity. 30 year contract Bitdeer said it will increase Bitdeer’s total power capacity to 2.5 GW globally, in addition to strengthening the company’s infrastructure development pipeline for Bitcoin mining and other aspects of its operations.

“The strategic location of the Hannibal Industrial Park, combined with the readily available infrastructure, will allow us to significantly expand our existing power capacity and support our growth ambitions in Bitcoin mining and HPC and AI,” said Bitdeer Chief Business Officer Linghui Kong. Said on Friday.

The mining company expects to gradually acquire an additional 570 MW of power capacity over the next year or so. Of the 570 MW, 266 MW is expected to be available to miners in the second half of 2025. The remaining 304 MW are “currently under review for formal incorporation into the regional transmission planning process.”

Mining a single Bitcoin requires approximately 260 megawatt hours (MWh), including cooling the server farm. According to ~ According to estimates cited by the University of British Columbia.

BitDeer’s stock (ticker BTDR) was trading at $10.26 at press time, up about 5% in Friday trading.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not intended to be or be used as legal, tax, investment, financial or other advice.

About the Author

Elizabeth Napolitano is a data reporter covering business and technology news with a focus on cryptocurrency. Before she joined The Block, Elizabeth reported on BigTech, AI, cryptocurrency and video games at CBS Moneywatch. As a CoinDesk reporter, she covered DeFi, NFTs, and US courts. She earned a master’s degree in journalism from CUNY. Follow her on X: @LizKNapolitano

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BITMEX, June 10 Q3 2025 quarter gifts

June 5, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025

Bitcoin (BTC) faces profit pressure when returning from a new ATH.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

The XRP face to unlock $ 2.2B. Are $ 2.14’s support under pressure?

June 5, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

BITMEX, June 10 Q3 2025 quarter gifts

June 5, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025

Nibiru starts the “Block Party” AURA program to compensate for actual defect activities.

June 5, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025

Bitcoin (BTC) faces profit pressure when returning from a new ATH.

June 5, 2025

BYDFI and Director Leadger Nano X Limited Limited Global Campaign with limited bydfi x ledger

June 5, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Analysts predict a new all -time high of one asset, according to the Solana -based Memecoin setting stage ‘Full Blown Parabola’.

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The XRP face to unlock $ 2.2B. Are $ 2.14’s support under pressure?

June 5, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

BITMEX, June 10 Q3 2025 quarter gifts

June 5, 2025
Most Popular

Ethereum Stakers Expect 7DMA Returns to Decrease as On-Chain Activity Drops 60% Since March

September 17, 2024

US officials warn of AI’s role in cybercrime

January 11, 2024

The French Bitcoin Treasury Leader snaps 580 BTC and offers a 709.8% yield.

March 27, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.