Curated News
By: NewsRamp Editorial Staff
July 10, 2024
Bitdeer Expands Power Capacity to 2.5 GW Amid AI and HPC Push
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- Bitdeer Technologies has enhanced its competitive position in Bitcoin mining with a new 570-MW power agreement in the U.S. Midwest.
- Bitdeer has signed a 30-year lease agreement for a Bitcoin mining facility in Clarington, Ohio, strategically located for efficient computing.
- Bitdeer's expansion in Ohio will support broader partnerships and bolster its growth ambitions in Bitcoin mining, HPC, and AI, contributing to technological advancement.
- Bitdeer's new chip, SEAL01, amplifies Bitcoin mining efficiency, positioning the company at the forefront of technical innovation in the blockchain space.
Impact - Why it Matters
The expansion of Bitdeer's power capacity and strategic land deal in Ohio is important as it supports the company's growth ambitions in Bitcoin mining and HPC and AI. This news matters to readers who are interested in the cryptocurrency industry, as it reflects the ongoing developments in Bitcoin mining and the potential for future price growth.
Summary
Energy is critical to the Bitcoin mining process. Bitcoin mining leader Bitdeer Technologies (NASDAQ: BTDR) has enhanced its competitive position with a new 570-MW power agreement in the U.S. Midwest for the energy-intensive process of Bitcoin mining. Bitdeer has signed a 30-year lease agreement for a Bitcoin mining facility strategically located in Clarington, Ohio, giving the company access to a power facility that was previously used for aluminum production. This expansion will bolster Bitdeer's total infrastructure development pipeline to 2.5 GW globally, supporting its growth ambitions in Bitcoin mining and HPC and AI.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Bitdeer Expands Power Capacity to 2.5 GW Amid AI and HPC Push
