Bitcoin mining company Bitdeer has signed a 30-year lease with the Monroe County Port Authority for a site at the Hannibal Industrial Park in Ohio. The site, previously an aluminium factory, has the infrastructure to support Bitdeer's mining operations. The company plans to secure up to 570 MW of additional power in two phases, with the first 266 MW delivered in Q3 2025. Bitdeer, which has one of the lowest energy costs in the industry, recently received a $150 million investment from stablecoin issuer Tether. However, concerns about miner profitability have increased due to high energy costs and decreased block rewards.