AgriForce Growing Systems Announces Completion of Optimization at Sturgeon, Alberta Bitcoin Mining Facility
AgriForce Growing Systems (NASDAQ: AGRI) has announced the successful completion of optimization at its Bitcoin mining facility in Sturgeon, Alberta. The facility is now operating at full designed capacity with 251 ASIC miners, including 81 Bitmain S19k Pro 120T, 50 Bitmain S21 XP 270T, and 120 Bitmain S19j Pro 100T Antminers.
The facility achieves a total hash rate of 35.22 PH/s (petahashes per second), broken down as follows:
- 9.72 PH/s from S19k Pro miners
- 13.50 PH/s from S21 XP miners
- 12.00 PH/s from S19j Pro miners
CEO Jolie Kahn highlighted this milestone as a significant advancement in integrating high-efficiency Bitcoin mining into AgriForce's portfolio, with plans to unveil an initial agricultural colocation project.
AgriForce Growing Systems (NASDAQ: AGRI) ha annunciato il completamento con successo dell'ottimizzazione presso il suo impianto di mining di Bitcoin a Sturgeon, Alberta. L'impianto sta ora operando a piena capacità progettata con 251 miner ASIC, tra cui 81 Bitmain S19k Pro 120T, 50 Bitmain S21 XP 270T e 120 Bitmain S19j Pro 100T Antminers.
L'impianto raggiunge un tasso di hash totale di 35.22 PH/s (petahash al secondo), suddiviso come segue:
- 9.72 PH/s dai miner S19k Pro
- 13.50 PH/s dai miner S21 XP
- 12.00 PH/s dai miner S19j Pro
Il CEO Jolie Kahn ha sottolineato questo traguardo come un avanzamento significativo nell'integrazione del mining di Bitcoin ad alta efficienza nel portafoglio di AgriForce, con piani per svelare un progetto iniziale di collocazione agricola.
AgriForce Growing Systems (NASDAQ: AGRI) ha anunciado la finalización exitosa de la optimización en su instalación de minería de Bitcoin en Sturgeon, Alberta. La instalación ahora opera a plena capacidad diseñada con 251 mineros ASIC, incluidos 81 Bitmain S19k Pro 120T, 50 Bitmain S21 XP 270T y 120 Bitmain S19j Pro 100T Antminers.
La instalación alcanza una tasa de hash total de 35.22 PH/s (petahashes por segundo), desglosada de la siguiente manera:
- 9.72 PH/s de los mineros S19k Pro
- 13.50 PH/s de los mineros S21 XP
- 12.00 PH/s de los mineros S19j Pro
La CEO Jolie Kahn destacó este hito como un avance significativo en la integración de la minería de Bitcoin de alta eficiencia en el portafolio de AgriForce, con planes para desvelar un proyecto inicial de colocación agrícola.
AgriForce Growing Systems (NASDAQ: AGRI)는 Sturgeon, Alberta에 있는 비트코인 채굴 시설의 최적화를 성공적으로 완료했다고 발표했습니다. 이 시설은 현재 251개의 ASIC 채굴기로 설계된 최대 용량으로 운영되고 있으며, 여기에는 81개의 Bitmain S19k Pro 120T, 50개의 Bitmain S21 XP 270T, 그리고 120개의 Bitmain S19j Pro 100T Antminer가 포함됩니다.
이 시설은 총 해시율 35.22 PH/s (초당 페타해시)를 달성하며, 세부 사항은 다음과 같습니다:
- S19k Pro 채굴기로부터 9.72 PH/s
- S21 XP 채굴기로부터 13.50 PH/s
- S19j Pro 채굴기로부터 12.00 PH/s
CEO인 Jolie Kahn은 이 이정표를 AgriForce의 포트폴리오에 고효율 비트코인 채굴을 통합하는 중요한 발전으로 강조하며, 초기 농업 공동 배치 프로젝트를 공개할 계획을 밝혔습니다.
AgriForce Growing Systems (NASDAQ: AGRI) a annoncé l'achèvement réussi de l'optimisation de son installation de minage de Bitcoin à Sturgeon, Alberta. L'installation fonctionne désormais à pleine capacité conçue avec 251 mineurs ASIC, comprenant 81 Bitmain S19k Pro 120T, 50 Bitmain S21 XP 270T et 120 Bitmain S19j Pro 100T Antminers.
L'installation atteint un taux de hachage total de 35.22 PH/s (petahashes par seconde), décomposé comme suit :
- 9.72 PH/s des mineurs S19k Pro
- 13.50 PH/s des mineurs S21 XP
- 12.00 PH/s des mineurs S19j Pro
La PDG Jolie Kahn a souligné ce jalon comme un avancement significatif dans l'intégration du minage de Bitcoin à haute efficacité dans le portefeuille d'AgriForce, avec des projets de dévoiler un projet initial de co-localisation agricole.
AgriForce Growing Systems (NASDAQ: AGRI) hat den erfolgreichen Abschluss der Optimierung seiner Bitcoin-Mining-Anlage in Sturgeon, Alberta bekannt gegeben. Die Anlage arbeitet nun mit 251 ASIC-Minern bei voller Kapazität, darunter 81 Bitmain S19k Pro 120T, 50 Bitmain S21 XP 270T und 120 Bitmain S19j Pro 100T Antminer.
Die Anlage erreicht eine Gesamt-Hashrate von 35.22 PH/s (Petahashes pro Sekunde), aufgeschlüsselt wie folgt:
- 9.72 PH/s von S19k Pro-Minern
- 13.50 PH/s von S21 XP-Minern
- 12.00 PH/s von S19j Pro-Minern
CEO Jolie Kahn hob diesen Meilenstein als einen bedeutenden Fortschritt bei der Integration von hoch effizienten Bitcoin-Mining in das Portfolio von AgriForce hervor, mit Plänen zur Enthüllung eines ersten landwirtschaftlichen Co-Location-Projekts.
- Achieved full operational capacity at Bitcoin mining facility
- Deployed 251 latest-generation ASIC miners
- Reached significant hash rate of 35.22 PH/s
- Diversified mining equipment portfolio with three different miner types
- No revenue or profitability metrics disclosed
- Mining operation costs and energy efficiency details not provided
Insights
AgriForce's announcement represents a significant operational milestone with the full deployment of their Sturgeon, Alberta Bitcoin mining facility. The reported 35.22 PH/s hashrate positions them as a small but established player in the Bitcoin mining landscape, representing approximately 0.01% of the global Bitcoin network hashrate.
The company has implemented a diversified mining approach with a three-tiered hardware strategy:
- 81 high-efficiency S19k Pro units providing 9.72 PH/s
- 50 cutting-edge S21 XP miners contributing 13.50 PH/s
- 120 standard S19j Pro machines delivering 12.00 PH/s
This hardware mix balances newer, more efficient equipment with established reliable miners. The S21 XP models are particularly noteworthy, offering superior hash-to-energy consumption ratios compared to older generation hardware.
While this optimization completion indicates operational execution capability, the announcement notably lacks critical metrics that would determine profitability: electricity costs, operational expenses, expected Bitcoin production rates, and break-even analysis. The facility's economic viability remains heavily dependent on Bitcoin price movements and local energy costs in Alberta.
For a company traditionally focused on agricultural technology, this expansion represents a meaningful diversification into digital infrastructure. The mention of a forthcoming agricultural colocation project hints at potential synergies between their core business and digital asset operations, though specific integration details remain undisclosed.
AgriForce's completion of its Bitcoin mining facility optimization signals a strategic evolution beyond their traditional agricultural technology focus. This milestone demonstrates operational execution but represents a calculated business diversification rather than a core transformation.
The facility now hosting 251 ASIC miners with varying efficiency profiles indicates a measured approach to digital asset infrastructure. The company appears to be building technological capabilities in cryptocurrency while maintaining their agricultural foundations, as evidenced by the CEO's reference to "integrating high-efficiency Bitcoin mining into our broader portfolio."
Most intriguing is the reference to an upcoming "agricultural colocation project," suggesting AgriForce is working toward creating synergies between digital infrastructure and agricultural technology – potentially leveraging computational power, heat recycling, or energy management systems that benefit both operations.
This dual-track strategy allows AgriForce to:
- Generate potential revenue streams from digital assets while continuing agricultural innovation
- Develop expertise in high-performance computing that might transfer to agricultural applications
- Create energy utilization efficiencies between complementary operations
However, this approach also increases operational complexity and introduces exposure to cryptocurrency volatility. Without financial projections or profitability metrics for this facility, investors lack critical information to evaluate the ROI on this infrastructure investment relative to agricultural technology alternatives. The strategic rationale appears sound, but execution success will depend on effective management across increasingly diverse business segments.
Vancouver, British Columbia and West Palm Beach, FL, April 09, 2025 (GLOBE NEWSWIRE) -- AgriForce Growing Systems Ltd. (“AgriForce” or the “Company”) (NASDAQ: AGRI), an innovative ag-tech and digital infrastructure company, is pleased to announce the successful completion of optimization and full operational deployment at its Bitcoin mining facility in Sturgeon, Alberta, Canada.
As of today, the facility is operating at full designed capacity with a robust lineup of industry-leading ASIC miners, including:
- 81 Bitmain S19k Pro 120T Antminers
- 50 Bitmain S21 XP 270T Antminers
- 120 Bitmain S19j Pro 100T Antminers
The facility now delivers an estimated total hash rate of 35.22 PH/s (petahashes per second), calculated as follows:
- 81 x 120 TH/s = 9.72 PH/s
- 50 x 270 TH/s = 13.50 PH/s
- 120 x 100 TH/s = 12.00 PH/s
This diversified fleet of high-performance miners positions AgriForce at the forefront of digital asset infrastructure development, leveraging cutting-edge technology and energy-efficient operations to deliver strong, sustainable returns.
“This milestone marks a significant leap forward for AgriForce as we continue to integrate high-efficiency Bitcoin mining into our broader portfolio,” said Jolie Kahn, CEO of AgriForce Growing Systems. “The completion of optimization at our Sturgeon site enhances our hashpower, improves our cost structure, and advances our strategic goal of building a vertically integrated digital infrastructure platform. We’re deeply grateful to our EPCM partner for their commitment to timely delivery and quality execution. As we further our agricultural pursuits, we also look forward to unveiling our initial agricultural colocation project.”
The Sturgeon facility forms a cornerstone of AgriForce’s digital asset strategy, combining reliable energy infrastructure, strategic geographic location, and advanced mining technology to support scalable growth in 2025 and beyond.
About AgriFORCE Growing Systems Ltd.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a forward-thinking technology company dedicated to solving critical challenges in agriculture, sustainability, and environmental stewardship. By leveraging advanced technologies and innovative business models, AgriFORCE aims to deliver value for shareholders while creating lasting benefits for communities and ecosystems.
Follow AgriFORCE on Social Media:
- X: @agriforcegs
- Facebook: AgriFORCE Growing Systems Ltd.
- LinkedIn: AgriFORCE Growing Systems Ltd.
Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Period Reports on Forms 10-K and 10-Q, as may be supplemented or amended by the Company's Current Reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
For more information, visit www.agriforcegs.com.
For Further Information, Please Contact: Investor Relations, 1-561-717-1742
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