AgriFORCE Growing's Stock Soars 71.75% on Bitcoin Mining Expansion
1min read On April 23, 2025, agriforce Growing's stock surged by 71.75% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.
AgriFORCE Growing Systems has recently expanded its Bitcoin mining operations with the acquisition of 500 additional S19j Pro Antminers. This strategic move is aimed at fully utilizing the power capacity of its second Ohio site, with an estimated completion date of May 9, 2025. The installation of these new miners is expected to increase the total hash rate of the two Ohio sites to 130 PH/s, representing a 63% increase from the current hash rate.
In addition to the Ohio expansion, AgriFORCE's Alberta facility is already operating at full capacity with a robust lineup of industry-leading ASIC miners. The facility boasts an estimated total hash rate of 33.62 PH/s, achieved through the use of 81 Bitmain S19k Pro 120T Antminers, 50 Bitmain S21 xp 270T Antminers, and 120 Bitmain S19j Pro 100T Antminers. The combined total hash rate of all three facilities, upon completion of the Ohio installation, is projected to reach 166.62 PH/s.
AgriFORCE continues to explore opportunities for acquiring new miners and securing additional power sources, demonstrating its commitment to expanding its Bitcoin mining capabilities and enhancing its operational efficiency. This strategic focus on Bitcoin mining is likely to drive further growth and innovation within the company, positioning it as a key player in the rapidly evolving cryptocurrency landscape.
Ask Aime: What is the strategic significance of AgriFORCE Growing's expansion into Bitcoin mining and how might this impact its growth and market position?
