Agriforce Wrating Systems Ltd. The Canadian Agricultural Company is an initiative to use the gases that were cut off to operate 120 bitcoin mining platforms, which the company says is planning to expand.
The site, located in Beirwin, Alberta, and has been launched in partnership with the power provider, Bluvlari Energy, on 425 kilowatts (kilowatts) compared to 32 Pethash in the second (PH/S) of the computing power, agricultural power He said Tuesday.
The site will use the so -called means of ways, and the natural gas that cannot be transferred immediately to the market because it is either not applicable economically or is not physically accessible through the equipment needed to extract it.
Agriforce also signed a binding letter with Blueflare to open two other sites in the Alberta area of Owen and Hinton, which will repeat the model used on the Birwin site.
“We are not waiting for permits or network promotions – we convert the gas into an account in weeks, not years,” said Jolie’s CEO of Agriford.
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Bitcoin AGRIFORCE strategy
Agriforce said it has already disrupted 7 Bitcoin (BTC), which is worth about $ 735,000, from its operations in Alberta and Ouhayu.
The Canadian company can keep the BTC IT Mines in the Bitcoin Treasury, while the other half will be used to expand its operations.
The company said it could use up to 50 % of the funds it collects as capital to buy bitcoin directly.
Agricultural stock reaction
The shares in AGRIFORCE (AGRI) increased by 1.85 % on Tuesday and ended the trading session at $ 1.10. However, AGRIFORCE decreased by more than 53 % on an annual basis, According to To Google Finance.
During the fiscal year ending in 2024, AGRIFORCE’s revenues witnessed an increase of 317 % on an annual basis, while a net profit increased more than 66 % during the same period.
Renewable energy used in mining
With the high cost of bitcoin mining, miners are likely to look at alternatives to maintain their low costs.
A report from the Bitcoin Mining Research Company indicates that the cost of one BTC production was $ 64,000 in the first quarter of this year. The company expects this cost to increase to $ 70,000 at some point during the quarter ending in June 2025.
Earlier this year, a report highlighted that the dependence of miners on traditional coal -based electricity sources diminish, while on the other hand, miners are increasingly adopting renewable energy, which grows at a rate of 5.8 % annually.
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The post AgriFORCE Powers Bitcoin Miners With Stranded Natural Gas first appeared on Investorempires.com.
