Bitdeer, a prominent player in the Bitcoin mining industry, has expanded its operations by purchasing a 19-acre site near Fox Creek in Alberta, Canada. The acquisition, costing $21.7 million, includes the rights to construct a natural gas-powered plant and a Bitcoin mining data center. This move signifies a strategic enhancement of Bitdeer's energy control and operational capabilities.

The new infrastructure will facilitate increased Bitcoin mining activities, highlighting Bitdeer’s commitment to leveraging energy-efficient resources. This development represents a pivotal step for the Nasdaq-listed company as it seeks to bolster its position in the competitive Bitcoin mining market.