Bitdeer Acquires 200 Acres of Land in Texas for $100 Million

Bitdeer Technologies Group has announced the acquisition of approximately 200 acres of undeveloped land in Milam County, Texas, for about $100 million in an all-cash transaction. The land parcel is adjacent to its existing Rockdale operational area and will support the development of artificial intelligence and high-performance computing infrastructure. This transaction represents a full ownership acquisition, eliminating the risks associated with lease renewals and providing site control assurance for the company's financing and development of high-density data centers. Following the completion of the transaction, Bitdeer's total land area in central Milam County will expand to approximately 255 acres, located in an area with a well-established power interconnection network, currently having about 563 megawatts of grid-connected power capacity, which will increase to 742 megawatts upon completion of expansion plans. The new land will be used for the construction of dedicated AI/HPC data centers, while not affecting the operation of existing Bitcoin mining activities. After this expansion, Bitdeer's total global power capacity pipeline across North America, Europe, Asia, and Africa will reach approximately 3.0 gigawatts.

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