AgriForce Growing Systems Announces Completion of Optimization at Sturgeon, Alberta Bitcoin Mining Facility
Rhea-AI Summary
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.
Positive
- 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
Negative
- No revenue or profitability metrics disclosed
- Mining operation costs and energy efficiency details not provided
News Market Reaction
On the day this news was published, AGRI gained 4.27%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
FAQ
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