Bitdeer Obtains 40MW of Bitcoin Mining Containers from Saiheat

Bitdeer, a blockchain technology company, has acquired 40MW worth of liquid-cooled mining containers from Saiheat.

The newly acquired containers will host Bitdeer’s proprietary mining rigs, known as the Sealminer, which are set to be deployed in April.

After acquiring a 99MW site in Fox Creek, Alberta in February, Bitdeer is expanding its Bitcoin mining operations.

Currently, Bitdeer has 175,000 Bitcoin mining rigs running, with a total hashrate of 24.2EHps and 114 self-mined Bitcoins. The company operates in multiple locations worldwide, including Ohio, Norway, Ethiopia, and Bhutan.

Saiheat focuses on developing innovative power and cooling solutions for the industry, including a thermal module that recycles heat from cryptocurrency mining rigs.

Last year, Saiheat introduced HEATNUC, a nuclear-powered Small Modular Reactor (SMR) designed for crypto mining sites.

HEATNUC boasts no carbon footprint and is a stable, high-capacity energy source catering to the power needs of AI-driven infrastructure.

Many believe nuclear energy could meet the energy demands of the cryptocurrency and AI industries.

Earlier this year, States of Texas and Utah, along with Last Energy, filed a lawsuit against the US Nuclear Regulatory Commission to address legal barriers hindering small-scale nuclear reactor development.

SMRs and small-scale nuclear providers are viewed as suitable for data centers requiring reliable baseload power.

Numerous deals have been made between cloud providers, colocation firms, and SMR providers in recent years, though none have come to fruition yet.

Standard Power and Blockfusion are among the firms planning to utilize SMRs in data centers, with plans for deployment in the US and New York respectively.

Saiheat, formerly known as Sai.Tech Global Corporation, went public on the Nasdaq in 2022 after merging with TradeUP Global Corporation.

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