AgriForce Commences Final Installation of 500 Bitcoin Miners at East Palestine, Ohio Site

Rhea-AI Summary

AgriForce Growing Systems (NASDAQ: AGRI) has begun the final installation phase of 500 Bitmain S19j Pro 100T Bitcoin mining machines at its East Palestine, Ohio facility. This deployment will add 50 petahash per second (PH/s) to the company's operations, increasing its total active hashrate to 130 PH/s across two Ohio-based sites.

The installation follows the machines' delivery announced on May 14, 2025. The facility is optimized to handle the 1.475 MW power draw of the new machines within its 2 MW capacity. The company aims to exceed one exahash in Q2 2025, demonstrating its commitment to rapid, capital-efficient scaling of its Bitcoin mining operations.

Insights

Bitcoin Mining Expert

AgriForce significantly expands Bitcoin mining capacity by 50 PH/s, targeting 1 EH/s in Q2 2025.

AgriForce is making significant strides in the Bitcoin mining sector with the final installation phase of 500 Bitmain S19j Pro miners at their East Palestine, Ohio facility. This deployment will add 50 petahash per second (PH/s) to their operations, bringing their total hashrate to 130 PH/s across their Ohio facilities.

The technical specifications here matter considerably. The Bitmain S19j Pro 100T is a workhorse ASIC miner with approximately 100 terahash per second per unit. At current Bitcoin difficulty levels, each petahash represents meaningful mining capacity. The company wisely acknowledges the 1.475 MW power requirement for these new machines, showing they've properly engineered their facility's 2 MW capacity with appropriate load balancing.

What's particularly notable is AgriForce's aggressive scaling targets. Their stated goal of surpassing one exahash (1,000 PH/s) in Q2 2025 represents nearly an 8x increase from their current capacity. This would position them as a mid-tier Bitcoin mining operation by today's standards.

The company appears to be executing a vertical integration strategy in Bitcoin mining, suggesting they're controlling multiple aspects of the mining stack—likely including power generation, facility management, and mining operations. This approach can provide cost advantages when properly executed, but also increases operational complexity.

While this deployment significantly increases their hashrate, AgriForce remains a relatively small player in the overall Bitcoin mining landscape where major operations measure hashrate in exahashes rather than petahashes. Their ability to achieve their ambitious scaling goals will depend heavily on capital efficiency, power costs in Ohio, and ongoing machine acquisition strategy.

Company Moves to 130 PH/s Operational Capacity Across Ohio-Based Facilities

Vancouver, British Columbia and West Palm Beach, FL, May 20, 2025 (GLOBE NEWSWIRE) -- AgriForce Growing Systems Ltd. (“AgriForce” or the “Company”) (NASDAQ: AGRI), a diversified technology and infrastructure firm focused on digital energy innovation, is pleased to announce that final installation of the previously delivered 500 Bitmain S19j Pro 100T Bitcoin mining machines is now being completed at its East Palestine, Ohio mining facility.

This latest deployment marks a key operational milestone in AgriForce’s ongoing expansion of its vertically integrated Bitcoin mining strategy. Once energized, the 500-unit installation will contribute an additional 50 petahash per second (PH/s) to the Company’s Ohio-based operations, bringing its total active hashrate to 130 PH/s across two company-owned sites in Ohio.

“Our team and EPCM partners have once again demonstrated exceptional execution, initiating installation efficiently at our East Palestine site,” said Jolie Kahn, CEO of AgriForce. “This keeps us well on track to bring additional hashpower online rapidly and underscores our continued commitment to aggressive, capital-efficient scaling.”

The final deployment follows the successful delivery of the machines announced on May 14, 2025. The facility is optimized to accommodate the 1.475 MW power draw associated with the new machines, utilizing efficient load balancing across its 2 MW capacity.

“Getting to the installation phase early is a testament to our logistical coordination and our relentless focus on speed-to-hash,” added Chris Polimeni, CFO of AgriForce. “We are creating real operational momentum as we target our next strategic goal—surpassing one exahash in Q2 of 2025.”

About AgriFORCE Growing Systems Ltd.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a forward-thinking technology company committed to addressing major challenges in agriculture, digital infrastructure, and environmental innovation. The Company focuses on building energy-efficient operations that support long-term value creation, leveraging proprietary infrastructure strategies and clean energy assets to drive sustainable growth.

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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. These statements include, but are not limited to, expectations regarding hashrate expansion, energy efficiency, timelines, and financial or operational performance. Forward-looking statements are identified by words such as “may,” “will,” “expect,” “anticipate,” “estimate,” and other similar expressions. These statements are subject to risks, uncertainties, and other factors, many of which are beyond AgriForce’s control. Readers should not place undue reliance on these statements and are encouraged to review the Company’s filings with the SEC for further information, including risk disclosures.

For Further Information, Please Contact:

Investor Relations
+1 (561) 717-1742
www.agriforcegs.com