AgriForce Achieves Milestone with New Bitcoin Miners Installation
AgriForce Expands Bitcoin Mining Operations
Company Moves to 130 PH/s Operational Capacity Across Ohio-Based Facilities
Vancouver, British Columbia and West Palm Beach, FL -- AgriForce Growing Systems Ltd. (NASDAQ: AGRI), a company dedicated to innovative energy solutions, is excited to announce the successful final installation of 500 Bitmain S19j Pro 100T Bitcoin mining machines at its facility in East Palestine, Ohio.
The installation is a significant milestone in AgriForce's ongoing strategy to build a comprehensive Bitcoin mining operation. This deployment will add an impressive 50 petahash per second (PH/s) of computational power, resulting in a total hashrate of 130 PH/s across both of the company’s sites in Ohio.
“Our team, alongside our engineering partners, has showcased remarkable execution during the installation at East Palestine,” stated Jolie Kahn, CEO of AgriForce. “We remain committed to quickly bringing additional hashing power online, furthering our mission to scale efficiently.”
Following the earlier announcement regarding the machines' delivery on May 14, 2025, this deployment has been anticipated and strategically planned. The current facility is equipped to manage a power draw of 1.475 MW, maximizing its 2 MW capacity through advanced load balancing techniques.
“Commencing installation sooner than expected illustrates our effective logistics and how we prioritize speed in achieving our goals,” added Chris Polimeni, CFO of AgriForce. “We are building substantial operational momentum as we approach our ambitious target of exceeding one exahash in computing power in the second quarter of 2025.”
Understanding Bitcoin Mining Operations
Bitcoin mining is essentially the process of validating transactions on the Bitcoin network, and it requires a substantial amount of computational power. AgriForce’s strategic focus on this market is indicative of the increasing demand for cryptocurrency operations and how this sector is evolving.
This move by AgriForce aligns with the global trend of energy-efficient mining solutions and sustainable practices, showcasing the company’s dedication to being at the forefront of technology and innovation in the digital currency space.
The Role of Energy Efficiency
At the heart of AgriForce's operations is a commitment to energy efficiency. As the world shifts towards more sustainable energy practices, AgriForce aims to leverage its infrastructure and expertise to set a benchmark for green energy initiatives within the cryptocurrency sector.
Future Growth Objectives
With a clear vision for aggressive expansion, AgriForce is not only focused on increasing its hashrate but also exploring new markets and technologies to enhance its offerings. The company intends to remain adaptable and innovative to meet the rapid changes in the cryptocurrency landscape.
About AgriFORCE Growing Systems Ltd.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is dedicated to confronting major issues within agriculture and digital infrastructure while promoting environmentally friendly practices. By focusing on energy-efficient methodologies and innovative projects, the Company stands at the forefront of sustainable growth initiatives.
Frequently Asked Questions
What is AgriForce's main business focus?
AgriForce focuses on digital energy innovation, agricultural technology, and sustainable practices within the cryptocurrency mining sector.
How many Bitcoin miners is AgriForce installing?
AgriForce is completing the installation of 500 Bitcoin miners at its East Palestine facility.
What is the significance of 130 PH/s in mining?
The 130 PH/s signifies total computational power, affecting the speed and efficiency of mining operations and transaction processing.
Who is the CEO of AgriForce?
Jolie Kahn is the CEO, leading the company's initiatives toward expanding their operational capabilities.
What are AgriForce's future goals for Bitcoin mining?
The company aims to surpass one exahash of computing power by mid-2025, reflecting its growth and scaling strategies.
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