100 MW OF BEHIND-THE-METER POWER FOR A BITCOIN MINING PROJECT IN CANADA

ergen Engines has signed a Letter of Intent (LOI) to supply 100 MW of behind-the-meter power for a Canadian Bitcoin mining project. The project will deploy Bergen’s 11.2 MW gas-fired, medium-speed engine building blocks, coupled with Marelli Motori alternators, providing continuous baseload power with the added benefit of parallel grid-tied export capability when market conditions are favourable.

This marks another example of how Bergen Engines continues to deliver efficient, resilient, and flexible power solutions for energy-intensive digital infrastructure.

Canada's Bitcoin mining industry has seen a significant recovery in 2023, with the price of Bitcoin rising by 154% and public Bitcoin mining stocks index increasing by 246%. However, the Canadian mining sector's contribution to the economy was US$117 billion in 2023, or 4% of Canada's gross domestic product (GDP). The sector encompasses extraction, mining services, primary metal and mineral manufacturing, and downstream metal and mineral manufacturing. Despite some economic headwinds, mining has been a steady source of growth for the Canadian economy.