Mining move from the agricultural company: Agriforce produces natural gas with bitcoin
Agriforce commissioned the 120 Bitcoin mining device working with Stranded natural gas in Canada. The company aims to expand with sustainable energy.
Bloczincire from Agriculture: Unusual move from Agriforce
Canadian Agricultural Technologies Company Agriforce Growing Systems Ltd.
The partnership of the facility is carried out with Energy Energy, an energy provider. System:
Power Consumption: 425 kW
Calculation Power: 32 pH/s
Stranded Gaz describes natural gas, which cannot be brought to the market or is unreasonable to move economically. In this way, both idle energy is evaluated and the environmental impact is minimized.
🏗️ Two new locations are coming
Agriforce, according to the letter of binding intention with Blueflare:
It will establish two new facilities in Hinton.
In these facilities, similar mining infrastructures that work with stranded gas will be built.
CEO Jolie Kahn said about the process:
“We do not expect permissions, we do not expect the network updates - we turn the gas into the calculation power within weeks.”
💰 BTC strategy and financial figures
Agriforce, Alberta and Ohio’deki operations so far:
7 BTC announced (~ 735,000 dollars).
Company’s Plan:
Keeping 50 %of BTCs in the case,
The rest is to use the operations to enlarge their operations.
In addition, in case of capital increase, the purchase of Bitcoin is also on the agenda.
Stock performance:
The AGRI shares increased by 1.85 %and reached $ 1.10.
However, since the New Year, it has experienced more than 53 %decrease.
📈 Increased mining cost and green energy transition
2025 As of the first quarter, 1 BTC production cost: ~ $ 64,000
This cost is expected to increase to $ 70,000 in the middle of 2025 (Source: Theminermag)
For this reason, the sector:
Reduces addiction to coal and fossil resources,
The use of renewable energy increases by an average of 5.8 %per year.
Projects such as Agriforce stand out as one of the real world examples of this transformation.
📌 Conclusion: A new page in mining with agriculture and energy waste
Agriforce’s “transforming waste energy to the digital gold” model draws attention both in terms of environmental sustainability and with its low -cost Bitcoin production. The fact that a company coming from traditional agricultural infrastructure is directed to the mining strategy can be an important signal for the future of the sector.