Bitdeer Expands Bitcoin Mining Capacity with New Lease Agreement
Bitdeer Technologies Group (Nasdaq: BTDR) has secured a significant expansion in its Bitcoin mining capabilities through a new 30-year lease agreement with the Monroe County Port Authority. The deal announced for a site at the Hannibal Industrial Park in Clarington, Ohio, denotes a new step for Bitdeer as they are keen on enhancing their global power capacity to 2. 5 GW
The Hannibal Industrial Park, formerly used for aluminum processing, offers a robust power infrastructure suitable for Bitdeer’s intensive computing operations. The location allows easy connection to power utility switch yards and transmission capabilities, ideal for supporting large-scale power needs. Bitdeer can initially gain up to 80MW of incremental power capacity followed by the next 490MW in two tranches under the lease agreement.
Initially, 266 MW of power is expected to be operational by Q3 2025, with an additional 304 MW pending regulatory review and incorporation into regional transmission planning processes.
“We are excited about the prospects this expansion brings to Bitdeer and our stakeholders. The strategic location of the Hannibal Industrial Park, combined with its ready-to-use infrastructure, significantly expands our existing power capacity and supports our growth ambitions in Bitcoin mining and HPC and AI,” said Linghui Kong, Chief Business Officer at Bitdeer.
Also read: Bitdeer’s Chief Business Officer Unveils SEALMINER R&D Plan
Bitdeer Expands Bitcoin Mining Capacity with New Lease Agreement
Bitdeer Technologies Group (Nasdaq: BTDR) has secured a significant expansion in its Bitcoin mining capabilities through a new 30-year lease agreement with the Monroe County Port Authority. The deal announced for a site at the Hannibal Industrial Park in Clarington, Ohio, denotes a new step for Bitdeer as they are keen on enhancing their global power capacity to 2. 5 GW
The Hannibal Industrial Park, formerly used for aluminum processing, offers a robust power infrastructure suitable for Bitdeer’s intensive computing operations. The location allows easy connection to power utility switch yards and transmission capabilities, ideal for supporting large-scale power needs. Bitdeer can initially gain up to 80MW of incremental power capacity followed by the next 490MW in two tranches under the lease agreement.
Initially, 266 MW of power is expected to be operational by Q3 2025, with an additional 304 MW pending regulatory review and incorporation into regional transmission planning processes.
“We are excited about the prospects this expansion brings to Bitdeer and our stakeholders. The strategic location of the Hannibal Industrial Park, combined with its ready-to-use infrastructure, significantly expands our existing power capacity and supports our growth ambitions in Bitcoin mining and HPC and AI,” said Linghui Kong, Chief Business Officer at Bitdeer.
Also read: Bitdeer’s Chief Business Officer Unveils SEALMINER R&D Plan
Bitdeer Technologies Group Expands Bitcoin Mining Capabilities with New Ohio Lease
Bitdeer Technologies Group (Nasdaq: BTDR) has signed a 30-year lease agreement with the Monroe County Port Authority to expand its Bitcoin mining operations at the Hannibal Industrial Park in Clarington, Ohio. This move aims to boost Bitdeer’s global power capacity to 2.5 GW. The site, previously used for aluminum processing, offers robust power infrastructure essential for Bitdeer’s operations.
Under the agreement, Bitdeer will initially gain up to 80MW of incremental power, with an additional 490MW in two phases. By Q3 2025, 266 MW of power is expected to be operational, with another 304 MW pending regulatory approval. Linghui Kong, Chief Business Officer at Bitdeer, highlighted the strategic advantages of the location and its infrastructure for supporting the company’s growth in Bitcoin mining, HPC, and AI.
For further details, you can read the full announcement on Yahoo Finance here.
