Bitdeer acquires 200 acres in Texas for $100M to expand AI and HPC data-center footprint

Bitdeer Technologies Group, a Singapore-headquartered company specializing in AI and Bitcoin mining infrastructure, has purchased approximately 200 acres of undeveloped land in Milam County, Texas, for $100 million in cash. The acquisition is aimed at scaling the company’s planned artificial intelligence and high-performance-computing data-center operations, according to a statement released on Tuesday.

The newly acquired parcel sits adjacent to Bitdeer’s existing Rockdale facility, roughly 70 miles from Austin. The company emphasized that outright land ownership provides long-term control over planning, financing, and construction of AI and HPC infrastructure, eliminating the uncertainty associated with lease renewals. This strategic move underscores the growing importance of secure, long-term land tenure in the competitive data-center development landscape.

The Milam County sites currently boast about 563 MW of interconnected grid capacity, with plans to expand to 742 MW alongside a dedicated water supply. Following the transaction, Bitdeer owns or operates approximately 255 acres and 742 MW of existing and pipeline power capacity in the county. Globally, the company’s portfolio spans 3 GW across the United States, Norway, Bhutan, Canada, Malaysia, and Ethiopia, reflecting its broad international push into AI-ready infrastructure.

Bitdeer, which was spun off from Bitcoin-mining chipmaker Bitmain, is actively pivoting from cryptocurrency mining toward AI and HPC hosting services. The company remains lossmaking, reporting an operating loss of $101.7 million and a net loss for the second quarter of 2026, on revenue of $228.8 million. Chief Financial Officer Michael Potter said that owning the land gives the company greater certainty over its development plans and removes lease-renewal risk, while allowing it to continue Bitcoin mining on the site during the development phase.

The acquisition reflects a broader industry trend in which data-center developers are securing land and power capacity well ahead of construction to meet surging demand from AI workloads. For Bitdeer, the move strengthens its ability to offer long-term, scalable infrastructure to cloud and AI tenants, while maintaining flexibility in its existing mining operations. The company, listed on Nasdaq and headquartered in Singapore, is led by founder and CEO Jihan Wu, a co-founder of Bitmain, and operates data centers across multiple countries.