Bitdeer Breaks Ground on $155M Alberta HPC Site as Miners Pivot to AI

Bitdeer broke ground June 2 on a vertically integrated 101 MW gas plant and 100 MW compute facility in Alberta, marking the latest infrastructure expansion in a two-week consolidation wave. The project follows Sphere 3D’s June 1 closing of the Cathedra Bitcoin acquisition, which created Nasdaq-listed ANY with 1.2 EH/s hash rate and 53 MW operating capacity. Parallel moves include TeraWulf’s 1 GW Kentucky AI campus and Marathon’s 1.1 GW hyperscaler leasing strategy, while Bitcoin Standard Treasury launched a 30,021 BTC SPAC and Bitcoin Depot filed for bankruptcy. BTC traded near $76,071 amid the pivot from pure mining to power-backed AI/HPC revenues.