Bitdeer Buys Texas Land for $100M to Bolster Bitcoin Mining Expansion

Bitdeer Technologies Group has acquired approximately 200 acres of land in Milam County, Texas for $100 million. The property is situated near Bitdeer's existing Rockdale facility, which has a grid capacity of 563 MW and plans to scale up to 742 MW.

The acquisition provides Bitdeer with outright ownership of the land, eliminating constraints on developing AI and high-performance computing data center infrastructure at the location. The site includes access to dedicated water supply and established transmission and substation infrastructure.

Bitdeer's Chief Financial Officer, Michael G. Potter, stated that securing outright ownership of land in Milam County reflects a disciplined approach to expanding powered land under their control. He added that owning this land gives them greater long-term certainty over development plans, eliminates renewal risk associated with a lease, and provides flexibility to maintain existing Bitcoin mining operations while developing the newly acquired property.

The company's global portfolio includes approximately 3.0 GW of total power capacity across facilities in multiple countries, including the United States, Norway, Bhutan, Canada, Malaysia, and Ethiopia.