Bitcoin miner Bitdeer to launch 570 MW power facility in Ohio

Bitcoin mining company Bitdeer, founded by Chinese billionaire Jihan Wu in 2020, has announced plans to launch a 570 MW power facility in Ohio. The company has secured a 30-year lease for land at the Hannibal Industrial Park in Clarington, Ohio. The facility will provide additional power capacity to support Bitdeer’s Bitcoin mining operations and high-performance computing (HPC) for artificial intelligence (AI). The initial 266 MW of power capacity is expected to be available by Q3 2025, with the remaining 304 MW still under review for incorporation into the regional transmission planning process. This expansion is part of Bitdeer’s growth ambitions, and the company’s shares have already seen a 3.37% increase in pre-market trading following the announcement. The recent $150 million investment from Tether, the largest stablecoin issuer, will further support Bitdeer’s data center expansion and mining rig development. Overall, this facility will strengthen Bitdeer’s presence in the Bitcoin mining industry and contribute to its long-term growth.