AgriFORCE Boosts Bitcoin Mining Despite Rising Costs and Booming Industry

AgriFORCE Releases Preliminary Bitcoin Mining Cost Data

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI), a company known for its prefabricated metal buildings and currently valued at $3.1 million, has published preliminary figures regarding its Bitcoin mining operations. According to Investing.com Deutsch, the company estimates its average cost to mine one Bitcoin at approximately $41,000. This figure is a weighted average from its Alberta and Ohio facilities, both of which have only been operational for a few months. The company notes that these numbers are subject to fluctuations due to factors such as weather and maintenance issues.

Financial data from InvestingPro reveals that AgriFORCE is facing challenges, with a gross profit margin of -118.3% and a current ratio of 0.3, indicating potential liquidity issues. Specifically, the Alberta site requires an average of 112.4 days to mine a single Bitcoin, with daily costs of $518.40, totaling about $58,000 per Bitcoin before optimization. In contrast, the Ohio facility mines one Bitcoin every 26 days at a daily cost of $1,350, resulting in approximately $36,000 per Bitcoin. The company’s mining efficiency stands at a median of 99.86%, with an average downtime of 24 hours per month across all sites.

Location	Days per Bitcoin	Daily Cost (USD)	Total Cost per Bitcoin (USD)
Alberta	112.4	518.40	58,000
Ohio	26	1,350	36,000

The company has also announced the completion of a major expansion of its cryptocurrency mining activities, with 500 S19j Pro Antminers to be fully installed at its second Ohio facility by May 2025. This will increase AgriFORCE’s total hashrate to 166.62 petahashes per second across all facilities. Additionally, the Alberta site has been optimized to operate at 35.22 petahashes per second. AgriFORCE has secured up to $50 million in financing, with $7 million already allocated for recent acquisitions, and acquired a 5 MW Bitcoin mining facility in Ohio for $4.5 million, powered by natural gas flaring energy. The company also received a US patent for a plant protection system that generates hydroxyl radicals without chemicals, aiming to extend product shelf life. CEO Jolie Kahn emphasized the company’s focus on integrating sustainable energy with agricultural practices for future growth.

Average mining cost per Bitcoin: $41,000
Alberta: $58,000 per Bitcoin, 112.4 days per Bitcoin
Ohio: $36,000 per Bitcoin, 26 days per Bitcoin
Total hashrate after expansion: 166.62 PH/s
Financing secured: up to $50 million

Summary: AgriFORCE is expanding its mining operations and improving efficiency, but faces significant financial challenges and high mining costs. (Source: Investing.com Deutsch)

Bitcoin Miners Experience Surge Amid Rising Prices

According to it boltwise, recent developments in the cryptocurrency market have not only driven up the price of Bitcoin but also boosted the stock prices of Bitcoin mining companies. In the past week, Bitcoin’s price increased by 12%, leading to stock gains of up to 36% for companies such as TeraWulf, Riot Platforms, and MARA Holdings. This surge is attributed to easing geopolitical tensions, which have increased investor risk appetite and improved market conditions for digital assets.

Bitcoin miners benefit in two ways from rising Bitcoin prices: through mining revenues and by holding Bitcoin on their balance sheets. For example, MARA Holdings holds 46,000 Bitcoins, while Riot Platforms holds 19,223 Bitcoins. These holdings increase in value as Bitcoin’s price rises, strengthening the companies’ financial positions. Riot Platforms also announced a $100 million credit facility secured by Bitcoin, provided by Coinbase, which is expected to support further growth and expansion. However, the long-term success of these companies remains closely tied to Bitcoin’s price, and a downturn could quickly impact their financial health.

Bitcoin price increase last week: 12%
Stock gains for mining companies: up to 36%
MARA Holdings Bitcoin holdings: 46,000 BTC
Riot Platforms Bitcoin holdings: 19,223 BTC
Riot Platforms credit facility: $100 million (secured by Bitcoin, provided by Coinbase)

Summary: Bitcoin miners are seeing significant financial benefits from rising Bitcoin prices and new financing options, but remain exposed to price volatility. (Source: it boltwise)

AgriFORCE Growing Systems Provides Update on Mining Operations

MarketScreener Deutschland reports that as of April 22, 2025, AgriFORCE Growing Systems Ltd. has completed the purchase of 500 additional S19j Pro Antminers, which will fully equip its second Ohio site and utilize the entire available 5 MW of power. The installation and full commissioning are expected to be completed by May 9, 2025. The two Ohio sites will together deliver an estimated total hashrate of 130 PH/s, representing a 63% increase over the current hashrate. The Alberta facility is operating at full capacity with a robust lineup of ASIC miners, including 81 Bitmain S19k Pro 120T Antminers, 50 Bitmain S21 XP 270T Antminers, and 120 Bitmain S19j Pro 100T Antminers, for a total estimated hashrate of 33.62 PH/s. After the Ohio installation, the combined total hashrate across all three sites will be 166.62 PH/s.

Location	Hashrate (PH/s)	Miner Types
Ohio (2 sites)	130	500 S19j Pro Antminers
Alberta	33.62	81 S19k Pro 120T, 50 S21 XP 270T, 120 S19j Pro 100T
Total	166.62

The company continues to explore new miner acquisitions and power supply options, aiming to remain at the forefront of digital asset infrastructure development through advanced technology and energy-efficient operations.

500 new S19j Pro Antminers purchased
Ohio sites: 130 PH/s combined hashrate
Alberta site: 33.62 PH/s
Total hashrate after expansion: 166.62 PH/s

Summary: AgriFORCE is rapidly expanding its mining capacity, with significant increases in hashrate and ongoing investments in new technology. (Source: MarketScreener Deutschland)

Bitcoin Price Analysis and the Role of Cloud Mining

it boltwise highlights that recent Bitcoin price increases have renewed interest in cryptocurrencies and alternative investment opportunities such as cloud mining. Analyst Burak Kesmeci identified two key price levels for Bitcoin based on the cost basis of short-term investors, suggesting that recent buyers are defending a psychological support level. Cloud mining is gaining traction, especially for beginners seeking stable income with minimal effort. Blockchain Cloud Mining, a leading provider, allows users to participate in mining without technical expertise or expensive hardware by purchasing cloud computing contracts.

For example, the ‘New User Experience Contract’ offers a potential total return of $106 on a $100 investment over two days. Larger contracts, such as the ‘Bitcoin Miner S21 XP Imm,’ promise a potential total return of $7,048 on a $5,000 investment over 32 days. The platform emphasizes user-friendly interfaces, bank-level encryption, daily earnings settlements, and support for multiple cryptocurrencies, including BTC, ETH, USDC, and DOGE.

‘New User Experience Contract’: $100 investment, $106 return in 2 days
‘Bitcoin Miner S21 XP Imm’: $5,000 investment, $7,048 return in 32 days
Daily earnings settlement and multi-crypto support

While cloud mining offers an accessible entry point, the article cautions that all cryptocurrency investments carry risks, and potential investors should conduct thorough research and consult financial advisors.

Summary: Cloud mining is emerging as a popular, low-barrier investment option, but investors should remain aware of associated risks. (Source: it boltwise)

Riot Platforms Secures $100 Million Credit Facility from Coinbase

According to investx.fr, Coinbase, the leading US cryptocurrency platform, has granted a $100 million loan to Riot Platforms, one of the world’s largest Bitcoin miners. This move underscores Coinbase’s commitment to supporting the crypto ecosystem and strengthens Riot’s dominant position in Bitcoin mining. Riot’s CEO, Jason Les, stated that this is the company’s first Bitcoin-backed facility, providing non-dilutive funding at an attractive cost of financing. The credit facility is a key part of Riot’s growth strategy, enabling further investment in advanced mining infrastructure.

Credit facility amount: $100 million
Provider: Coinbase
Purpose: Non-dilutive funding for Riot Platforms’ expansion

Summary: Riot Platforms’ $100 million credit facility from Coinbase marks a significant step in the company’s expansion and highlights growing institutional support for the Bitcoin mining sector. (Source: investx.fr)

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