Bitdeer Acquires $21.7M Power Plant in Alberta for Vertically Integrated Bitcoin Mining

The Singapore-based company aims to build a net-zero, fully integrated Bitcoin mining facility operational by late 2026.

Bitdeer has purchased a 101-megawatt gas-fired power plant and 19 acres of land in Alberta, Canada, for $21.7 million in an all-cash deal.
The site is expected to scale up to 1 gigawatt of power and will include a 99 MW Bitcoin mining datacenter, with energy costs projected at $20-$25 per megawatt-hour.
The facility will feature full vertical integration, including Bitdeer's own power generation, electrical infrastructure, and proprietary SEALMINER mining machines.
A carbon utilization system will be implemented to achieve net-zero emissions, potentially generating revenue through carbon credits while offsetting Canada’s carbon tax obligations.
Construction begins in Q2 2025, with energization and full operations targeted for Q4 2026, marking Bitdeer's first venture in Canada and a significant step toward industry-leading efficiency and scalability.