Bitdeer leases a former aluminum rolling mill building and surrounding land in the Hannibal Industrial Park from the Monroe County Port Authority. The lease took effect in February 2024 for a 10-year term with renewal options. Bitdeer first planned bitcoin mining in two phases. It paused that work in 2025 to court AI and HPC tenants, and it now plans the site for colocation or crypto mining.
AEP Ohio plans a short 138 kV line from its Hannibal substation to a new customer substation for the site, with service targeted for October 2027. In January 2026 American Heavy Plate Solutions, a neighboring tenant in the industrial park, sued to block the project under a covenant in its own lease. The case is in discovery.
Site History
- October 2026: AEP Ohio files plans for a 138 kV line to serve the site.
- January 2026: American Heavy Plate Solutions sues to block the data center.
- August 2025: Bitdeer signs a letter of agreement with AEP Ohio for the second phase.
- May 2025: Bitdeer pauses bitcoin mining construction to pursue AI and HPC tenants.
- January 2025: Bitdeer adds about 25 acres to the lease.
- February 2024: Bitdeer's lease with the Monroe County Port Authority takes effect.