The Block Crypto News17 minutes ago

Published on June 28, 2024 16:31 GMT+00:00edited on June 28, 2024 16:34 GMT+00:00

Bitcoin mining firm Bitdeer Technologies is in the process of acquiring nearly 600 megawatts (MW) of additional power capacity to grow its bitcoin mining capabilities and other activities.

The mining operation said Friday it expects to secure up to 570 MW of power capacity by entering a lease for an Ohio-based industrial park equipped with an advanced power infrastructure. The 30-year agreement 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 facets of its operations, the company said. 

“The strategic location of the Hannibal Industrial Park, combined with its ready-to-use infrastructure, significantly expands our existing power capacity and supports our …