Announces Strategic Acquisition of 101 MW Site and Gas-Fired Power Project

Bitdeer 

Announces Strategic Acquisition of 101 MW Site and  Gas-Fired Power Project in Alberta to Deliver Industry's First  Fully Integrated Bitcoin Mining  Facility Bitdeer Technologies Group (NASDAQ: BTDR) ("Bitdeer" or  "High-Tech Blockchain Success Company") today announced the acquisition of a fully licensed and permitted  10 MW site project  in Albert Creek,  10 fir a in an all-cash transaction for $21.7 million. The site has  the potential to scale to 1 GW of power, reflecting Alberta's abundant energy resources,  favorable regulatory  position and  business-friendly environment.
The 101 MW  gas power project includes all  necessary permits and licenses  for the construction of an on-site natural  gas-fired power plant, as well as approval for a 99 MW grid interconnection with  the Alberta Electric System Operator ("AESO"). Bitdeer will develop and construct the power plant in partnership with a leading  engineering, procurement and  construction ("EPC")  firm and is expected to  receive power by Q4  2026. In parallel, the Company plans to build 99 MW of  data center capacity for Bitcoin mining. This newly acquired site and power generation project provides the Company  with a unique opportunity to become the world's first  vertically integrated Bitcoin miner at scale and potentially some of the lowest Bitcoin mining production costs in the  industry.
Strategic Advantages
Full vertical integration: The Company will have control of the land, power generation, electrical  infrastructure and  data center, as well as  the use of its own developed and manufactured Bitcoin mining  machinery. The Company can deploy approximately [9] EH/s of its SEALMINER A3 mining  rigs once they are completed, which are  expected to have  a peak machine-level efficiency of 11-12  J/TH. Low energy  costs: Energy production costs  are expected to be approximately  $20-25 per MWh1, based on current gas  prices. Sustainability and  carbon credit potential: As part of the project acquisition, Bitdeer will  implement a carbon utilization system that captures  CO2, making the project a net zero carbon producer. This initiative aims to offset Canada's carbon tax obligations and  could generate future revenue through carbon  credits. Energy cost optimization and  revenue flexibility: The  company plans to  reduce and sell  electricity back to the Alberta grid to stabilize prices during periods of high demand. The  company believes this  can also optimize  costs. "We are really excited  to be setting up in Alberta, our first site in Canada.  "This acquisition is the culmination of  an extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium.  "This marks  an important milestone in our strategy to become the first  vertically integrated Bitcoin miner,  providing unprecedented cost control, energy  efficiency and scalability," said Haris Basit, Chief Strategy Officer at Bitdeer. "By combining our  energy production, SEALMINER mining  machine and opportunistic  network participation, we believe this site will set a new benchmark  in industrial unit  economics. »
Regarding the project,  Alberta Premier Danielle  Smith said: "We are  very pleased to welcome the world's first fully  integrated, carbon-neutral, off-grid Bitcoin mining facility here in Alberta. Today's investment is another sign that Alberta continues to be a leader in technology and  innovation, not only  in this country, but  around the world. If you want to do business and have a plan to bring your own  energy, then Alberta is the place for you."
Estimated Costs and Development  Plan
The company expects to  begin site preparation and initial infrastructure development in  the second quarter of 2025 and  power in  the fourth quarter of 2026. Current and Estimated  Asset Costs

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About Bitdeer Technologies Group
Bitdeer is a  leading technology company  in the blockchain and high-performance computing  sectors. Bitdeer is committed to providing comprehensive  IT solutions  to its  clients. The  company manages the complex processes involved in  IT such as equipment procurement,  transportation logistics,  data center design and construction, equipment management, and  day-to-day operations. The  company also offers advanced cloud capabilities to  clients with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has  established data centers in the United States, Norway, and Bhutan.  For more information, please visit https://ir.bitdeer.com/ or follow Bitdeer on X  @BitdeerOfficial and LinkedIn  @Bitdeer Group.
Investors and others should note that Bitdeer may announce material information using its website and/or  through its accounts on social media platforms, including X, formerly known as Twitter,  Facebook and LinkedIn.  Accordingly, Bitdeer encourages investors and others to review the information it  publishes on social media and other communication channels listed on its  website.
Forward-Looking Statements
Statements in this press release  regarding future expectations,  plans and prospects, as well as other statements regarding matters that are not historical facts, may constitute  "forward-looking statements" within the meaning of  the Private Litigation Reform Act of 1995.  "Potential," "anticipate," "project," "should," "target," "expect," "express," "expressions" are  not intended to identify forward-looking statements  containing these identifying words. Actual results  could differ materially from those indicated by  these forward-looking statements  due to various important factors, including  the factors discussed in the section entitled  "Risk Factors" in  Bitdeer's Annual Report on Form 20-F, as well as  the discussions of potential risks,  uncertainties and other important factors in  Bitdeer's filings and filings with the Securities and Exchange Commission.  The forward-looking statements contained in this press release speak only as of the date  of publication. Bitdeer  expressly disclaims any obligation to update any forward-looking  statements, whether  as a result of new information, future  events or otherwise. Readers should not rely  on any information on this  site as current or accurate after  the date  of publication.
Source@Premier Smith

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