Singapore-based Bitcoin mining company Bitdeer will open a new data center in the state of Ohio.
Bitdeer, the well-known company that maintains Bitcoin mining operations in countries such as Bhutan, Norway, and the United States, has recently signed a 30-year lease agreement with the Monroe County Port Authority in the state of Ohio to expand its blockchain operations.
According to Press release According to the company, the new agreement will allow it to secure 570 megawatts (MW) of additional power for its crypto mining operations. Bitdeer highlighted that the partnership with the Ohio Port Authority will strategically and significantly increase its global power capacity.
The new data center is expected to boost Bitdeer’s capacity to 2,5 gigawatts (GW) and strengthen the company’s infrastructure development portfolio for Bitcoin mining, high-performance computing, and Artificial Intelligence (AI).
Bitcoin mining expands in the United States
Bitdeer's new data center will be located in a former aluminum factory. According to the company, its new facilities will be located in the Hannibal Industrial Park in Clarington. This industrial park is owned by the Monroe County Port Authority and was leased by the Bitcoin miner for a period of 30 years.
The facility is well-equipped for the establishment of a new Bitcoin mining data center, the company said, expecting to benefit from existing power infrastructure, utility and transmission yards capable of supporting hyperscale loads.
The opening of this new data center represents a significant investment for Bitcoin mining, bolstering both the company’s capabilities and the security and resilience of the blockchain. It also demonstrates the network’s miners’ continued commitment to leveraging existing resources to drive blockchain growth and expansion.
Currently, the Bitcoin hash rate is 607,19 exahashes per second (EH/s), according to data from the Coinwarz platform. This computational computing power makes Bitcoin the most robust blockchain network in the crypto industry.
Bitdeer, one of the largest Bitcoin miners
Bitdeer, which was established in 2020, has become one of the largest and strongest crypto mining companies in the industry. This company offers a one-stop solution for crypto mining, as it not only has a global network of crypto mining farms and centers, but also handles the development of hardware and software for Bitcoin mining.
In early June, Bitdeer attracted $100 million in investment from Tether Limited, the company developing the USDT stablecoin that has also been expanding into the BTC mining business.
Jihan Wu, the Chinese billionaire who founded Bitdeer, said that Tether’s investment will be used to fund the company’s continued expansion and accelerate the development of a new ASIC-based mining platform. With the support of Tether Limited, Bitdeer hopes to strengthen its growth and leadership in sustainable and efficient Bitcoin mining.
Main image by X – @BitdeerOfficial
