Bitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW).

Bitdeer Expands Power Capacity With New Partnership in Ohio

Bitdeer, a Nasdaq-listed company, has leased land at the Hannibal Industrial Park in Clarington, Ohio, for 30 years. This site, previously an aluminum processing facility, offers existing power infrastructure and utility switchyards capable of supporting large-scale loads. The first phase of this project, providing 266 MW, is expected to be operational by the third quarter of 2025. The remaining 304 MW is under review for incorporation into the regional transmission planning process.

“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 [artificial intelligence],” Linghui Kong, the chief business officer at Bitdeer stated.

This strategic move aims to enhance Bitdeer’s infrastructure for bitcoin (BTC) mining and high-performance computing (HPC) and artificial intelligence (AI) operations. The company emphasizes the significance of the Hannibal Industrial Park’s infrastructure in supporting its growth and operational goals. Like several of its competitors, Bitdeer continues to seek opportunities to expand its capabilities in the accelerated computing and technology sector.

What do you think about Bitdeer’s partnership with Ohio’s Port Authority? Share your thoughts and opinions about this subject in the comments section below.

Source: news.bitcoin.com.