Main Points Related to Bitcoin, Web3, Ethereum, and Cryptocurrency:
- Bitdeer secures 30-year lease for land at Hannibal Industrial Park in Ohio
- Entered into lease agreement with Monroe County Port Authority for additional power capacity
- Partnership expected to boost Bitcoin mining and high-performance computing capabilities
- Initial 266 MW of power capacity available by Q3 2025
- Shares of Bitdeer (BTDR) rose by 3.37% in pre-market trading
- Tether invested up to $150 million in Bitdeer for data center expansion and mining rig development
Bitdeer Secures 30-Year Lease for Land at Hannibal Industrial Park
Bitdeer, a Bitcoin mining company founded by Chinese billionaire Jihan Wu, has secured a 30-year lease at the Monroe County Port Authority-owned Hannibal Industrial Park in Ohio. This strategic move will enable Bitdeer to expand its power capacity and enhance its mining operations in Clarington, Ohio.
Partnership Agreement with Monroe County Port Authority
Bitdeer’s partnership with the Monroe County Port Authority allows the company to access up to 570 MW of additional power capacity at the Hannibal Industrial Park. This agreement will provide Bitdeer with the necessary infrastructure to support hyperscale loads, boosting its Bitcoin mining processing and high-performance computing capabilities for AI applications.
Positive Market Response and Investment from Tether
Following the announcement, Bitdeer’s shares experienced a 3.37% increase in pre-market trading, reaching $10.11. Additionally, Tether, the largest stablecoin issuer by market capitalization, agreed to invest up to $150 million in Bitdeer. This investment will fuel Bitdeer’s data center expansion and development of ASIC-based mining rigs, supporting its growth in the cryptocurrency mining and AI sectors.
