Bitdeer Technologies Group (NASDAQ: BTDR), a global leader in AI and Bitcoin mining infrastructure, has officially broken ground on a new vertically integrated energy and high-performance computing facility near Fox Creek, Alberta. The project, valued at US$155 million (approximately C$214 million), combines a 101 MW natural gas power plant with a data centre offering roughly 100 MW of computing capacity.
Groundbreaking Ceremony Highlights
The ceremony featured Bitdeer's senior leadership, Alberta Cabinet Ministers, the Mayor of Fox Creek, and the Reeve of the Municipal District of Greenview No. 16, along with community stakeholders and industry partners. Attendees included Matthew Wang, JP Buzzell, Sheldon Trainor, Reeve Ryan Ratzlaff, Mayor Sheila Gilmour, Minister Todd Loewen, Jihan Wu, Minister Dale Nally, Stephanie Xia, Paul Hanson, David Billay, and Michael Potter.
Investment and Development Timeline
Originally announced in February 2025 through Bitdeer's acquisition of a fully licensed site from Kiwetinohk Energy Corp., the project has undergone years of permitting, engineering, environmental review, regulatory approvals, and consultations with local governments and First Nations. Construction is now underway, with energization planned for Q2 2027.
Economic Impact
The Fox Creek facility is expected to create 300 construction jobs and 30 permanent positions, including entry-level roles for new graduates. Priority will be given to Alberta-based contractors and local hiring for skilled operational positions. This project adds a new pillar to the regional economy, historically dominated by oil and gas.
Innovative Energy Model
Under Alberta's bring-your-own-generation framework, the data centre will be powered directly by the on-site natural gas plant, avoiding grid electricity. This integrated model reduces transmission losses, improves power utilization, and enhances operational efficiency and scalability. Bitcoin mining will allow the facility to fully utilize its generating capacity from day one, while the data centre is designed to support future high-performance computing workloads such as AI.
