Bitdeer Buys 200 Acres in Texas for $100M to Expand AI/HPC Capacity
BTDR sits 47% above its 52-week low of $6.916.
Summary
Bitdeer is acquiring 200 acres near its Rockdale facility in Milam County, Texas for $100 million in cash. The site has 563 MW of grid capacity, with plans to scale to 742 MW, supporting AI/HPC infrastructure development. This follows the company's recent $1 billion ATM equity offering and the fully sold-out Malaysia data center, signaling continued aggressive expansion into AI cloud services. The land purchase provides a physical footprint for future data center buildouts, aligning with the company's pivot toward high-performance computing. Watch for further announcements on construction timelines and customer commitments for the new site.
At the time of this announcement, BTDR was trading at $10.20 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $6.92 to $27.80. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.