AgriFORCE Powered Bitcoin Miners Using Stranded Gas

AgriFORCE Growing Systems Ltd. of Canada has developed a program to mine bitcoins using stranded gases.

AgriFORCE, in Berwyn (Alberta), has launched a site that draws computing power of 425 Kilowatts per Second (PH/s). said Tuesday is the day. 

Site will utilize so-called “stranded” gas. Stranded natural gas is gas that cannot be sold immediately because the mining of it would be too expensive or would be impossible to reach with current equipment.

AgriFORCE has also signed with BlueFlare a letter of intent to open up two new sites, Oyen and Hinton in Alberta. The model will be the same as the one used in Berwyn.

“We don’t wait for permits or grid upgrades — we convert gas into compute in weeks, not years,” AgriFORCE CEO Jolie Kahn said.

Related: Amazon to invest $13B in Australian AI data center infrastructure

AgriFORCE’s Bitcoin Strategy

AgriFORCE claims to have already mined Bitcoin (7 bitcoins).BTCThe company’s Alberta and Ohio operations generated approximately $735,000 in revenue.

Canadian company could retain up to half the BTC that it mines, and use the rest for expansion.

It said that it would use as much as 50% of its capital raised to buy Bitcoin directly.

Stock AgriFORCE reaction

AgriFORCE shares (AGRI), which closed Tuesday’s trading at $1.10, rose 1.85%. AgriFORCE stock has fallen more than 53% in the past year. according Google Finance

AgriFORCE saw its revenue increase by 317% during the year that ended in 2024. Its net profit also increased over 66%.

Use of renewable energy in mining

Miners are likely to look for alternatives as the price of Bitcoin mining increases.

TheMinerMag has released a report on Bitcoin mining. indicates The cost of producing a BTC was $64,000 during the first quarter this year. This cost is expected to rise to $70,00 sometime in the next quarter, ending June 2025.

A report was published earlier this year. highlighted Miners are increasingly adopting alternative energy sources, with a growth rate of an average of 5.8% annually.

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