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Agricultural company AgriFORCE uses idle natural gas to power 120 Bitcoin Mining Rigs.
Gate News bot message, Canadian agricultural company AgriFORCE Growing Systems Ltd. has launched a plan to utilize idle natural gas to power 120 Bitcoin Mining Rigs and will further expand the scale.
AgriFORCE announced on Tuesday that the mining site is located in Bovens, Alberta, and is being built in collaboration with energy provider BlueFlare Energy, consuming 425 kilowatts of power and having a computing power of 32 PH/s.
AgriFORCE has also signed a binding letter of intent with BlueFlare to plan the establishment of two additional mining sites in the Aoin and Hinton areas of Alberta, replicating its operational model at the Bowen mining site.
AgriFORCE CEO Jolie Kahn stated, "We will not wait for permits or grid upgrades - we will convert natural gas into computing power in weeks (not years)."
Source: Cointelegraph