Bitdeer Expands Power Capacity Pipeline to 2.5 GW with 570 MW Strategic Partnership with Monroe County Port Authority in Ohio
SINGAPORE, June 28, 2024 (GLOBE NEWSWIRE) — Bitdeer Applied sciences Group (Nasdaq: BTDR) (“Bitdeer” or the “Firm”), a world-leading know-how firm for blockchain and high-performance computing, is happy to announce that the Firm has entered right into a lease settlement with the Monroe County Port Authority (MCPA) to safe as much as 570 MW of further energy capability. This strategic partnership considerably will increase Bitdeer’s whole capability to 2.5 GW globally and strengthens Bitdeer’s infrastructure growth pipeline for Bitcoin mining and high-performance computing (HPC) and AI.
Underneath this settlement, Bitdeer has leased land for 30 years on the Monroe County Port Authority-owned Hannibal Industrial Park in Clarington, Ohio USA, which beforehand served as an aluminum processing facility. This website advantages from current energy infrastructure, utility switchyards and transmission able to supporting hyperscale masses. Of the full 570 MW of energy capability contemplated underneath this settlement, the preliminary 266 MW is predicted to be out there in Q3 2025, with the remaining 304 MW presently underneath evaluation to be formally included into the regional transmission planning course of.
“We’re excited in regards to the prospects this growth brings to Bitdeer and our stakeholders. The strategic location of the Hannibal Industrial Park, mixed with its ready-to-use infrastructure, considerably expands our current energy capability and helps our progress ambitions in Bitcoin mining and HPC and AI,” mentioned Linghui Kong, Chief Enterprise Officer at Bitdeer.
Bitdeer stays dedicated to its function as a pioneer within the accelerated computing and know-how business, constantly in search of alternatives to enhance and increase its operational capabilities to raised serve its prospects and companions worldwide.
About Bitdeer Applied sciences Group
Bitdeer is a world-leading know-how firm for blockchain and high-performance computing. Bitdeer is dedicated to offering complete computing options for its prospects. The Firm handles complicated processes concerned in computing corresponding to gear procurement, transport logistics, datacenter design and building, gear administration, and every day operations. The Firm additionally gives superior cloud capabilities to prospects with excessive demand for synthetic intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the USA, Norway, and Bhutan. To study extra, go to https://ir.bitdeer.com or comply with Bitdeer on X @BitdeerOfficial and LinkedIn @ Bitdeer Group.
Traders and others ought to be aware that Bitdeer could announce materials info utilizing its web site and/or on its accounts on social media platforms, together with X, previously generally known as Twitter, Fb, and LinkedIn. Due to this fact, Bitdeer encourages traders and others to evaluation the knowledge it posts on the social media and different communication channels listed on its web site.
Ahead-Trying Statements
Statements on this press launch about future expectations, plans, and prospects, in addition to some other statements concerning issues that aren’t historic details, could represent “forward-looking statements” throughout the which means of The Personal Securities Litigation Reform Act of 1995. The phrases “anticipate,” “sit up for,” “imagine,” “proceed,” “might,” “estimate,” “anticipate,” “intend,” “could,” “plan,” “potential,” “predict,” “challenge,” “ought to,” “goal,” “will,” “would” and comparable expressions are supposed to establish forward-looking statements, though not all forward-looking statements include these figuring out phrases. Precise outcomes could differ materially from these indicated by such forward-looking statements on account of varied vital elements, together with elements mentioned within the part entitled “Danger Elements” in Bitdeer’s annual report on Type 20-F, in addition to discussions of potential dangers, uncertainties, and different vital elements in Bitdeer’s subsequent filings with the U.S. Securities and Change Fee. Any forward-looking statements contained on this press launch communicate solely as of the date hereof. Bitdeer particularly disclaims any obligation to replace any forward-looking assertion, whether or not as a result of new info, future occasions, or in any other case. Readers shouldn’t rely on the knowledge on this web page as present or correct after its publication date.
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