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AgriFORCE, a Canadian agriculture tech company, has launched a wild new mining project. It’s using stranded natural gas to power 120 Bitcoin rigs in Alberta.¹
The site is in Berwyn and runs on 425 kilowatts. That gives it 32 PH/s of Bitcoin mining power. They built it with BlueFlare Energy.
What’s “stranded gas”?
It’s gas stuck in remote areas. It’s too expensive or hard to bring to market. But AgriFORCE is turning it into crypto.
And they’re just getting started. They’ve signed a deal to set up two more sites, in Oyen and Hinton, using the same model.
“No need for permits or grid upgrades. We’re fast,” said CEO Jolie Kahn.
Bitcoin, Alberta-Style
The company says it has already mined 7 BTC (about $735,000). That’s from sites in Alberta and Ohio. Half of that BTC might go into their treasury. The rest? They’ll expand even more.
AgriFORCE might also use 50% of raised funds to just buy more Bitcoin directly.
Stock Snapshot
The stock (AGRI) popped 1.85% on Tuesday, ending at $1.10. Still, it’s down 53% this year. Not great, but hey—revenue is up 317%, and net profits jumped 66%.
Why It Matters
Bitcoin mining isn’t cheap. One BTC now costs $64K to produce. That might hit $70K by the end of Q2 2025.²
That’s why many miners are switching to renewable sources. Coal is fading. Renewables now grow at 5.8% per year.
¹ Stranded gas: natural gas that can’t be delivered economically to market.
² Production cost: total cost (electricity, equipment, etc.) to mine a single Bitcoin.
