Fire Damages Two Buildings at Bitdeer's Ohio Mining Campus Under Construction

Overview

• Local crews quickly contained the Tuesday afternoon blaze at the Massillon site and no injuries were reported.
• Two of 26 buildings were affected and had no mining rigs installed, and Bitdeer says its current operational hashrate will not be impacted.
• Fire Chief Matt Heck said the cause remains under investigation, while founder Jihan Wu attributed the incident to welding during windy conditions.
• Initial assessments indicate the two structures will need full replacement, a step that is likely to delay the planned Q1 2026 commissioning.
• BTDR shares fell roughly 6% to 8% on Wednesday after the fire, extending declines following a reported $266.7 million net loss in Q3 2025.