Bitdeer has acquired a 200-acre land parcel in Milam County, Texas, for $100 million, according to Data Center Dynamics. The site was formerly part of an aluminum smelting plant owned by Alcoa Corporation and is adjacent to Bitdeer's existing Rockdale data center. The company said the land will be used "to support the company's strategy to develop AI and high-performance computing (HPC) infrastructure alongside its existing operations."
Across the Rockdale site and the newly acquired parcel, Bitdeer says it has access to 563MW of interconnected grid capacity in Texas, with potential to expand to 742MW. CFO Michael G. Potter said owning the land "gives us greater long-term certainty over our development plans, eliminates the renewal risk associated with a lease, and provides flexibility to maintain our existing Bitcoin mining operations while we develop the newly acquired property." Bitdeer, a Nasdaq-listed cryptocurrency firm with 175,000 Bitcoin mining machines under management, runs AI neocloud services through subsidiary Bitdeer AI.
The acquisition extends a pattern of site control and AI/HPC conversion. Bitdeer has previously said its Washington and Tennessee sites are being converted from cryptomining into AI data centers, and work to convert its Norwegian site into an AI cloud facility began in April. In February 2025, it acquired a 101MW gas-fired power project in Canada for $21.7 million, aiming to develop a 99MW Bitcoin mining site. The company claims a global power pipeline of 3GW of installed and potential capacity.
What remains unknown is the timeline, cost, and capacity of any AI/HPC buildout on the new Texas land. The source does not specify whether Bitdeer has secured additional power allocations or customer commitments for the site. It also notes Texas is operating under a pause on new data center developments after Governor Greg Abbott instructed the state's utility provider to audit interconnection requests, which could affect expansion timing.