Bitdeer Technologies Group 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 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.
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