Bitdeer Technologies Group, a global leader in blockchain and high-performance computing, acquired a 101 MW site and gas-fired power project near Fox Creek, Alberta from Kiwetinohk Energy Corp. 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 Q2 2027.

In parallel, Bitdeer plans to build an approximately 100 MW of data centre with computing capacity, designed to support Bitcoin mining and future high-performance computing workloads, including AI applications. The facility will be based on Alberta’s bring-your-own-generation (BYOG) framework i.e. the data centre will be powered directly by the on-site plant rather than drawn from the provincial grid.
The facility will use a closed-loop dry-cooling system with no water withdrawal from nearby bodies of water and plans to deploy a system to capture and utilize carbon dioxide emissions from on-site power generation. The project is expected to create 300 construction jobs and 30 permanent positions in the province.
Location is on the map is not exact.