Canadian agri-tech company AgriFORCE Growing Systems Ltd. has officially entered the Bitcoin mining space.
The launch of this unique energy initiative is aimed at utilizing stranded natural gas to power its mining operations.
In collaboration with BlueFlare Energy, the company unveiled a pilot site in Berwyn, Alberta, that powers 120 Bitcoin mining rigs using 425 kilowatts of energy.
The setup delivers a computing power of 32 petahashes per second (PH/s), placing AgriFORCE among a growing list of non-traditional firms exploring sustainable cryptocurrency mining models.
Stranded gas refers to natural gas resources that are otherwise uneconomical or technically infeasible to extract for traditional use, making this a resourceful pivot toward energy efficiency.
Expansion Plans Already Underway with Two More Sites
AgriFORCE’s ambitions go beyond the Berwyn site. The firm has signed a binding letter of intent with BlueFlare Energy to develop two additional locations in Alberta, specifically in Oyen and Hinton.
These sites will replicate the Berwyn model, leveraging the same approach of quickly converting stranded gas into usable computing power.
According to CEO Jolie Kahn, the company’s agile approach allows it to bypass the delays often associated with permits and infrastructure upgrades.
“We don’t wait for permits or grid upgrades, we convert gas into compute in weeks, not years,” said Kahn, signaling the firm’s intent to scale rapidly within a short time frame.
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A Hybrid Bitcoin Strategy: Mining, Treasury, and Direct Purchases
In terms of its Bitcoin strategy, AgriFORCE revealed it has already mined 7 BTC, valued at approximately $735,000, from its operations in Alberta and Ohio.
The company plans to retain up to 50% of its mined Bitcoin in its treasury, an increasingly popular practice among firms looking to hold BTC as a long-term asset.
The remaining half will be reinvested into scaling their mining capabilities.
Additionally, AgriFORCE disclosed that up to 50% of capital raised may be allocated to directly purchasing Bitcoin, further underlining the company’s commitment to integrating Bitcoin as both an asset and operational component.
Also Read: Pakistan Allocates 2,000 MW To Power Bitcoin Mining And AI Data Centres
Market Reaction: Modest Gains Despite Broader Stock Decline
AgriFORCE’s stock (AGRI) saw a modest 1.85% increase on Tuesday, closing at $1.10 per share.
The uptick followed the public announcement of the company’s Bitcoin mining initiative and was likely driven by investor interest in AgriFORCE’s diversified strategy and innovative energy use.
However, despite the positive news, the company’s stock is still down over 53% year-to-date, suggesting broader investor caution or sector-specific challenges.
The market’s measured response could also reflect the early stage of AgriFORCE’s crypto operations, which are not yet large enough to significantly impact overall financial performance.
Bridging Agriculture, Energy, and Crypto with a Sustainable Vision
AgriFORCE’s entrance into Bitcoin mining marks a notable convergence of agriculture, energy innovation, and cryptocurrency.
By repurposing wasted energy resources and avoiding lengthy regulatory processes, the firm is positioning itself as a fast-moving player in the green crypto mining space.
The integration of Bitcoin into its treasury and operational model signals a forward-thinking shift that could inspire similar moves from other agri-tech or resource-based companies.
If successful, AgriFORCE’s approach could become a blueprint for how traditional industries pivot into blockchain and digital assets using sustainable methods.