Bitdeer Technologies Group, a global leader in blockchain and high-performance computing, has completed the acquisition of a
101 MW site and gas-fired power project near Fox Creek, Alberta. The all-cash
transaction, valued at $21.7 million, marks Bitdeer’s first venture in Canada and
positions Alberta as a key player in the Bitcoin mining sector. 
The 19-acre site comes with all necessary permits to construct a natural gas power plant
and approval for a 99 MW grid interconnection with the Alberta Electric System
Operator (AESO). Bitdeer will partner with an Engineering, Procurement, and
Construction (EPC) firm to develop the facility, which is expected to be
operational by Q4 2026. 
In parallel, Bitdeer plans to build a 99 MW data center dedicated to Bitcoin mining, making the company the world’s first fully
vertically integrated Bitcoin miner. The site’s scalability—potentially
reaching 1 GW of power—leverages Alberta’s energy resources and regulatory
support. Additionally, the project will deploy a carbon utilization system to
capture CO2 emissions, making it a net-zero carbon producer. This initiative
could generate future revenue through carbon credits while offsetting Canada’s
carbon tax obligations.
Bitdeer estimates US$90 million in plant
construction and commissioning costs, and US$30 million to build the data
centre.
Location is not exact on the map.