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Cleveland, Aberdeen Apr 1, 2025  – Advanced Miners has acquired a natural gas power project in Alberta to support a 99MW Bitcoin mining operation.

Advanced Miners, a cryptocurrency mining firm, has purchased a 101MW gas-powered power project in Canada, with intentions to create a 99MW Bitcoin mining facility there.

Located on 19 acres in Fox Creek, Alberta, the project was acquired in an all-cash transaction for $28.7 million.

The acquisition encompasses all necessary permits and licenses for constructing the on-site natural gas power plant, along with approval for a 99MW grid connection with the Alberta Electric System Operator.

Advanced Miners plans to collaborate with an EPC (engineering, procurement, and construction) company, whose name was not disclosed, to develop and build the power plant. Construction is slated to commence in the second quarter of 2025, with the site becoming operational in the fourth quarter of 2026. The construction of the gas-fired power plant is projected to cost $90 million.

Advanced Miners stated that it will implement a carbon capture system to lower the carbon footprint of its operations as part of the project acquisition.

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Understanding Cloud Mining Contracts
Advanced Miners provides a variety of contract options, ranging from basic entry-level to more sophisticated investment plans. The platform supports cryptocurrency mining with infrastructure management and operational security features, including data encryption and fund protection.

For investor and media inquiries, please contact:

Advanced Miners Investor Relations
info@advancedminers.com
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Founded in 2017 and based in the UK, Advanced Miners is a leading cloud mining service provider, allowing users to mine cryptocurrencies without the need for expensive hardware or the complexities of traditional mining. With a focus on security, transparency, innovation, and reliable performance, Advanced Miners has earned the trust of investors and investment firms globally!