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Advanced Miners acquires Alberta natural gas power project for 99MW Bitcoin mining project

  • Cryptocurrency mining company Advanced Miners has acquired a 101MW gas-fired power project in Canada for its 99MW bitcoin mining operation.
  • The project includes all necessary permits and licenses for the power plant construction and grid interconnection.
  • Construction is expected to start in Q2 2025 and complete by Q4 2026, with an estimated cost of $90 million.
  • Advanced Miners plans to deploy a carbon capture system to reduce the carbon intensity of its operations.

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