The Canadian Agricultural Firma Agrforce Growing Systems Ltd. has started the initiative using gas turf to supply 120 Bitcoin mining platforms, which the company according to it plans to expand.
The site, located in Berwyn, Albert, and launched in cooperation with the Blueflare Energy energy supplier, draws 425 kilowatt (KW) for 32 PETAHASHES per second ( he said On Tuesday.
The site will operate the so -called gas gas, which cannot be taken immediately, because it is either not economically profitable, or it cannot be physically achieved with the equipment needed to extract it.
Agrftorce also signed a list of Blueflare to open two more places in the Albert region in Oyen and Hinton, which will repeat the model used in its place Berwyn.
“We are not waiting for permission or grid improvement – we transform gas into calculations in weeks, not years,” said Jolie Kahn, general director of Agrforce.
Related: Amazon to invest USD 13 billion in Australian data center infrastructure
Bitcoin strategy Agrforce
Agrftorce said he had already extracted 7 Bitcoins (BTC), worth about USD 735,000, from activities in Alberta and Ohio.
The Canadian company could stop even half of BTC, in which the mines in its Bitcoin treasury, and the other half will be used to expand its activities.
The company said that it can operate up to 50% of the money, which it obliges as capital to directly buy bitcoins.
Agricultural stadium reaction
Actions in AgriForce (AGRI) increased on Tuesday by 1.85% and ended a commercial session at USD 1.10. However, Agrftorce shares fell by over 53% to a year, According to to Google Finance.
In the tax year ended in 2024, Agrftorce’s revenues increased by 317% year -on -year, while its net profit increased by over 66% in the same period.
Renewable energy used for extraction
As the costs of mining Bitcoins, the miners will probably look at alternatives to maintain low costs.
The report of the Bitcoin Mining, ITINMAG research company indicates that the cost of producing one BTC was USD 64,000 in the first quarter of this year. The company expects this cost to enhance to USD 70,000 in a quarter ending June 2025.
At the beginning of this year, the report emphasized that the reaction of miners from classic sources of electricity based on coal decreases, while on the other hand miners are increasingly taking renewable energy, which is growing at an average rate of 5.8% per year.
Warehouse: Arthur Hayes does not care when his bitcoin forecasts are completely wrong
