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 101 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.