Bitdeer Increases Power Capacity Pipeline to 2.5 GW with Ohio Partnership

June 28, 2024 by No Comments

SINGAPORE, June 28, 2024 — Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a leading global technology provider specializing in blockchain and high-performance computing, is pleased to announce a lease agreement with the Monroe County Port Authority (MCPA) for up to 570 MW of additional power capacity. This strategic partnership elevates Bitdeer’s total global capacity to 2.5 GW and strengthens its infrastructure development pipeline for Bitcoin mining, high-performance computing (HPC), and AI.

Under the agreement, Bitdeer has secured a 30-year lease at the MCPA-owned Hannibal Industrial Park in Clarington, Ohio, USA, previously an aluminum processing facility. This site leverages existing power infrastructure, utility switchyards, and transmission systems capable of supporting large-scale computational demands. Of the total 570 MW power capacity envisioned under this agreement, an initial 266 MW is expected to become available in Q3 2025. The remaining 304 MW is currently under review for formal inclusion in the regional transmission planning process.

“We are excited about the opportunities this expansion presents for Bitdeer and our stakeholders. The strategic location of the Hannibal Industrial Park, combined with its readily available infrastructure, significantly expands our existing power capacity and aligns with our growth aspirations in Bitcoin mining, HPC, and AI,” stated Linghui Kong, Chief Business Officer at Bitdeer.

Bitdeer remains committed to its role as a pioneer in the accelerated computing and technology industry, actively seeking opportunities to enhance and expand its operational capabilities to better serve its global customer and partner base.

About Bitdeer Technologies Group
Bitdeer is a leading global technology company for blockchain and high-performance computing. Bitdeer is dedicated to providing comprehensive computing solutions for its customers. The Company handles complex computing processes including equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit or follow Bitdeer on X and LinkedIn .

Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

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