Bitdeer (BTDR) is pouring $155 million into a new facility in Alberta that will run on natural gas and handle both high-performance computing and Bitcoin mining. The site, scheduled to turn on in the second quarter of 2027, marks a big shift for a miner best known for pure hash rate.
The Alberta build
The facility is a straight capital play: $155 million in construction costs, natural gas as the power source, and a dual workload of HPC and Bitcoin mining. Bitdeer didn’t say how much of the capacity goes to each side, but the move puts it alongside a growing list of miners pitching compute services to AI and data center clients. Alberta offers cheap gas and a business-friendly regulatory environment — two things that matter when you’re spending nine figures on a new site.
Natural gas for Bitcoin and beyond
Natural gas has long been a go-to fuel for Bitcoin miners because it's cheap and often stranded in oil fields. Here, Bitdeer is using it for both mining and the kind of high-performance computing that needs constant, dense power. That’s a different risk profile: HPC clients demand uptime and latency guarantees, while mining can absorb interruptions. Balancing the two will be the real test. If it works, the site becomes a template for other miners looking to diversify revenue without ditching Bitcoin entirely.
Next on the calendar
The facility is still more than a year out from going live — energization is pegged for Q2 2027. Bitdeer hasn’t disclosed the exact location in Alberta or named any HPC tenants yet. For now, the story is about construction milestones and power agreements. The next concrete milestone will likely come when Bitdeer announces contractor signings or a power purchase deal. Until then, the market will watch how much of that $155 million hits the books each quarter.
