Symbol is BTDR

Bitdeer, a Bitcoin mining company, has acquired a 30-year lease for a site in Clarington, Ohio that previously housed an aluminum factory. The site has the necessary power infrastructure to support Bitdeer's mining operations, and the company aims to secure up to 570 MW of additional power in two phases, with the first 266 MW delivered in Q3 2025.[1]

Bitdeer has been gaining attention in the industry, with analyst Mark Palmer noting the company has one of the lowest energy costs at $0.04 per kilowatt hour.[1] Additionally, stablecoin issuer Tether recently invested $150 million in Bitdeer, acquiring more than 18 million shares.[1]

However, the Bitcoin halving in April 2024 has raised concerns about miner profitability, as the block reward has decreased to 3.125 BTC. Research from Cantor Fitzgerald suggests that several mining companies may not be profitable due to high mining costs, with Argo Blockchain Mining and Hut8 having the highest costs at $62,276 and $60,360 per BTC, respectively.[1]

Sources [1] Bitcoin mining company Bitdeer acquires lease for Ohio site https://cointelegraph.com/news/bitcoin-mining-company-bitdeer-lease-ohio-site