{"id":82946,"date":"2024-06-28T16:13:12","date_gmt":"2024-06-28T20:13:12","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82946"},"modified":"2024-06-28T16:14:15","modified_gmt":"2024-06-28T20:14:15","slug":"bitdeer-launches-570-mw-power-facility-in-ohio","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitdeer-launches-570-mw-power-facility-in-ohio\/","title":{"rendered":"Bitdeer Launches 570 MW Power Facility in Ohio"},"content":{"rendered":"\n

Bitdeer has obtained a 30-year lease for property in the Ohio Hannibal Industrial Park<\/a>, which the Monroe County Port Authority controls.<\/p>\n\n\n\n

\"Bitdeer
Bitdeer Launches 570 MW Power Facility in Ohio<\/figcaption><\/figure>\n\n\n\n

\u00a0The Chinese billionaire Jihan Wu created Bitdeer, a Bitcoin mining company<\/a>, in 2020. Bitdeer and the Monroe County Port Authority have signed a 30-year lease to secure up to 570 MW of new power capacity at the Hannibal Industrial Park in Clarington, Ohio. <\/p>\n\n\n\n

Although Bitdeer did not reveal the financial details, the location was formerly used as an “aluminum processing facility.” Existing “power infrastructure, utility switchyards, and transmission capable of supporting hyperscale loads” will benefit Bitdeer. <\/p>\n\n\n\n

The location is anticipated to improve the company's high-performance computing (HPC) for artificial intelligence <\/a>(AI) and Bitcoin mining processing. 304 MW of the 570 MW of total electricity capacity are still “under review to be formally incorporated into the regional transmission planning process”. The first 266 MW is anticipated to be ready by Q3 2025.\u00a0<\/p>\n\n\n\n

The site “significantly expands our existing power capacity,” according to Bitdeer's chief business officer Linghui Kong, who notes that the collaboration with the Monroe County Port Authority “supports our growth ambitions in Bitcoin mining, HPC, and AI.” <\/p>\n\n\n\n

According to data from Nasdaq, Bitdeer's shares (BTDR) surged to $10.11 in pre-market trade, up 3.37% after the news. The agreement to buy up to $150 million worth of Bitdeer shares was made by Tether, the stablecoin issuer\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> with the most significant market value, barely one month prior to the sale.<\/p>\n\n\n\n

In a press release dated May 31, Bitdeer said the proceeds would be used to “fund its data center expansion, ASIC-based mining rig development and for working capital and other general corporate purposes<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitdeer has obtained a 30-year lease for property in the Ohio Hannibal Industrial Park, which the Monroe County Port Authority controls. \u00a0The Chinese billionaire Jihan Wu created Bitdeer, a Bitcoin mining company, in 2020. Bitdeer and the Monroe County Port Authority have signed a 30-year lease to secure up to 570 MW of new power […]<\/p>\n","protected":false},"author":43,"featured_media":82947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,32],"tags":[20276,14336,4348],"class_list":["post-82946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-crypto-exchange-news","tag-bitcoin-mining-company","tag-bitdeer","tag-ohio"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1719603406817.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82946"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82947"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}