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AgriFORCE Growing Systems Optimizes Sturgeon, Alberta Facility with New BITMAIN Antiminer S19kPro Miners Amid Favorable Market Dynamics
AGRIAgriFORCE Growing Systems .(AGRI) GlobeNewswire·2025-02-06 16:54

Core Insights - AgriFORCE Growing Systems Ltd. has successfully acquired and will deploy 220 new BITMAIN Antiminer S19kPro miners at its Sturgeon, Alberta facility, which is expected to nearly triple the facility's hashrate, enhancing operational capacity and profitability [1][3] Strategic Operational Enhancements - Operating in Alberta provides AgriFORCE with a competitive edge due to the province's colder climate, which reduces cooling challenges and energy expenses, eliminating the need for costly immersion cooling strategies [2] - Alberta's oil and gas expertise contributes to operational stability and efficiency, making it a favorable location for digital asset mining [2] Competitive Market Advantages - The new acquisition positions AgriFORCE to capitalize on increasing digital asset demand while benefiting from cost efficiencies and reliability in a resource-rich, cold climate [3] - The company's growth plan focuses on optimizing existing assets, with the integration of new miners exemplifying operational efficiency and profitability [3] - AgriFORCE's unique business model targets immediate revenue generation through assets ready to produce from day one, leveraging lower cooling costs and avoiding grid dependency [3] - Recent U.S. tariffs of 25% on foreign-manufactured mining equipment enhance AgriFORCE's competitive advantage, as the company benefits from over 40% discount in foreign currency arbitrage compared to USD purchases [6] - Ongoing negotiations with Alberta's representatives and the new Trump administration create an environment of regulatory certainty and supportive policies, paving the way for future expansion [6]