Bitdeer, a company based in Singapore, has solidified its presence in Norway by purchasing the landowners of its bitcoin mining facilities. This $30 million deal involves acquiring Troll Housing AS and Tydal Data Center AS in their entirety, according to TheMinerMag.
Prior to this acquisition, Bitdeer operated mining facilities in Molde and Tydal, using rented land from these companies, which provided a total of 134 megawatts of electrical capacity. The payment for this acquisition includes a $15 million cash payment, a $15 million tradable loan with a 6% interest rate for five years, and over 417,000 ordinary shares of Bitdeer’s BTDR valued at about $3.3 million.
While the specific benefits of this acquisition have not been fully disclosed, it is known that Tydal Data Center has access to nearly 500 MW of power from hydroelectric plants and wind farms. Moreover, Bitdeer is expanding the Tydal facility by adding a new 175MW immersion cooling capacity, which is expected to be completed by mid-2025.
