AgriFORCE Launches Bitcoin Mining Using Stranded Gas in Alberta
- AgriFORCE Growing Systems Ltd. has initiated a project to power Bitcoin mining rigs using stranded gas in Berwyn, Alberta.
- The site utilizes a total of 425 kilowatts (kW) to achieve a computing power of 32 petahashes per second (PH/s).
- AgriFORCE plans to expand with two additional sites in Oyen and Hinton, replicating the Berwyn model.
- The company has mined seven Bitcoin, valued at approximately $735,000, from its operations.
- AgriFORCE’s revenue increased by over threefold year-over-year, with net profit rising by more than two-thirds.
Using stranded gas for mining provides an innovative solution for AgriFORCE, bypassing the need for grid upgrades and permits while expanding its digital infrastructure strategy swiftly.
This initiative not only enhances AgriFORCE’s operational capacity but also contributes significantly to its financial growth, as evidenced by the substantial increase in revenue and profit margins. (Source)
