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AgriForce Completes Bitcoin Mining Expansion in Ohio
AgriForce Growing Systems Ltd. (NASDAQ: AGRI), a technology and infrastructure company with a market capitalization of $2.59 million, has announced the completion of its latest Bitcoin mining expansion in East Palestine, Ohio. According to Investing.com Deutsch, the final phase included the installation of 500 Bitmain S19j Pro 100T mining machines, increasing the company's operational capacity by 50 petahash per second (PH/s). This brings AgriForce's total hashrate across all Ohio facilities to 130 PH/s.
The installation began after the machines were delivered on May 14, 2025, and is part of AgriForce's strategy to scale its Bitcoin mining operations. CEO Jolie Kahn highlighted the efficient execution of the installation process by the team and their EPCM partners. CFO Chris Polimeni emphasized the importance of this expansion for building operational momentum, as the company aims to achieve a mining output of over one exahash in the second quarter of 2025.
The Ohio mining facility is designed to handle the 1.475 megawatt (MW) power demand of the new machines, with a total capacity of 2 MW. This setup ensures energy-efficient load distribution, aligning with AgriForce’s commitment to capital-efficient scaling and sustainable growth. Financial data from InvestingPro indicates that the company faces liquidity challenges, with a current ratio of 0.34, although analysts project significant revenue growth of over 5,000% for the current fiscal year.
AgriForce focuses on creating energy-efficient operations in agriculture, digital infrastructure, and environmental sectors, utilizing proprietary infrastructure strategies and clean energy assets to drive growth. The company reported average costs of $41,000 for mining one Bitcoin, with variations between Alberta and Ohio locations. Additionally, AgriForce announced several leadership changes, including the resignation of COO Barrett Mooney and the issuance of unregistered shares to two executives as part of their compensation.
Financially, AgriForce adjusted the conversion price of its January 2025 notes to $1.90 and postponed an amortization payment to manage debt obligations more effectively. The company also appointed CBIZ CPAs as its new auditor following the resignation of Marcum LLP. These recent expansions and financial maneuvers reflect AgriForce’s commitment to strategic growth and operational efficiency in the cryptocurrency mining sector. The stock has experienced significant volatility, falling by 88.52% over the past year.
| Key Figures | Value |
|---|---|
| Market Capitalization | $2.59 million |
| New Mining Machines | 500 Bitmain S19j Pro 100T |
| Total Hashrate (Ohio) | 130 PH/s |
| Power Demand (New Machines) | 1.475 MW |
| Average Cost per Bitcoin | $41,000 |
| Stock Performance (1 year) | -88.52% |
- AgriForce aims for over 1 exahash mining output in Q2 2025.
- Significant leadership changes and financial restructuring underway.
- Company faces liquidity challenges but expects massive revenue growth.
Summary: AgriForce has significantly expanded its Bitcoin mining capacity in Ohio, targeting operational efficiency and sustainable growth, despite facing financial and leadership challenges. (Source: Investing.com Deutsch)
Canaan Reports Record Hashrate – Stock Remains Under Pressure
Canaan, a leading manufacturer of Bitcoin mining hardware and a large-scale miner, has reported robust operational growth in its latest quarterly results, according to Finanztrends. In Q1 2025, Canaan achieved a revenue of $82.8 million, marking a 136% increase compared to the previous year and surpassing its own forecast of $75 million. The mining division set a new record by mining 259 Bitcoins, generating $24.3 million in revenue, thanks to higher hashrate and improved global uptime.
For the first time, Canaan posted a gross profit of $0.6 million in its core business, a significant turnaround from a loss of over $37 million in the previous year. However, the net loss remains substantial at $86.4 million, more than double the loss from a year earlier. The company managed to reduce administrative expenses by more than a third quarter-over-quarter, and inventory write-downs were significantly lower than in previous quarters. CFO James Cheng stated that Canaan will continue to invest in research and development to maintain technological leadership, despite ongoing cost controls.
Despite these operational successes, Canaan received an official warning from Nasdaq because its stock price remained below $1 for 30 consecutive days, violating listing rules. The company now has 180 days to bring the price back above $1, or risk delisting. An extension is possible but not guaranteed. Canaan faces additional challenges, including political risks such as US tariffs on mining hardware and volatile Bitcoin prices. The management is considering strategic actions like share buybacks or regional diversification due to the low valuation.
Looking ahead, Canaan expects revenues of around $100 million in the second quarter but has not provided a full-year forecast. The coming months will determine whether operational improvements are sufficient to restore investor confidence, especially under the pressure of the Nasdaq warning.
| Key Figures | Q1 2025 |
|---|---|
| Revenue | $82.8 million (+136%) |
| Bitcoin Mined | 259 BTC |
| Mining Revenue | $24.3 million |
| Gross Profit | $0.6 million |
| Net Loss | $86.4 million |
| Next Quarter Revenue Guidance | ~$100 million |
- Record mining output and revenue growth.
- First gross profit in core business after years of losses.
- Net loss remains high; Nasdaq delisting risk due to low share price.
Summary: Canaan achieved record operational results and revenue growth but faces significant financial losses and the threat of delisting from Nasdaq. (Source: Finanztrends)
Bitcoin Approaches New All-Time High
According to sharedeals.de, the Bitcoin price is approaching its all-time high of $109,000. On January 20, during Donald Trump's inauguration, Bitcoin reached a new record at $109,000 but subsequently corrected to below $75,000. As of Tuesday, Bitcoin stands at $105,000, close to challenging its previous highs, with a clear upward trend since the end of the correction.
Market participants on Polymarket estimate an 87% probability that Bitcoin will reach $120,000 this year, and a 67% chance for $130,000. Fundstrat strategist Farrell has set a price target of $175,000 for Bitcoin, and the price has already increased significantly since this forecast. The article suggests that both short-term and medium- to long-term indicators point to further price increases, and sees buying opportunities even above $100,000.
| Key Price Levels | Value |
|---|---|
| All-Time High | $109,000 |
| Current Price | $105,000 |
| Correction Low | Below $75,000 |
| Probability of $120,000 in 2025 (Polymarket) | 87% |
| Probability of $130,000 in 2025 (Polymarket) | 67% |
| Fundstrat Target | $175,000 |
- Bitcoin is in a clear upward trend after a significant correction.
- Market sentiment and analyst targets suggest further upside potential.
Summary: Bitcoin is nearing its all-time high, with strong market sentiment and analyst forecasts pointing to further gains, including a potential target of $175,000. (Source: sharedeals.de)
ZA Miner Launches Free Crypto Cloud Mining Platform
ZA Miner, a UK-based leader in eco-friendly cloud mining, has launched a free cloud mining platform, enabling users to mine Bitcoin, Dogecoin, and Litecoin without expensive hardware or upfront investments, as reported by finanzen.at. New users receive a $100 free mining contract upon registration, allowing them to start earning immediately with no capital required.
The platform is fully cloud-based, requiring no downloads or setup. Mining begins automatically after account creation, utilizing high-performance rigs in energy-efficient data centers in Iceland and Kazakhstan, known for low electricity costs and renewable energy access. Users can monitor real-time earnings and upgrade to premium plans for higher profitability. Daily payouts are stored in cold wallets with SSL encryption and DDoS protection.
ZA Miner’s platform is available in over 100 countries and offers an affiliate program with up to 7% commissions. The company operates under UK regulatory compliance and emphasizes sustainability by using solar and wind energy. By removing financial and technical barriers, ZA Miner aims to democratize access to crypto mining and provide a sustainable alternative to traditional models.
| Platform Highlights | Details |
|---|---|
| Free Mining Bonus | $100 upon registration |
| Supported Cryptos | BTC, DOGE, LTC |
| Daily Payouts | Yes |
| Eco-Friendly | Solar and wind energy |
| Global Access | 100+ countries |
| Affiliate Program | Up to 7% commissions |
| Regulation | UK-compliant |
- Register an account (less than a minute).
- Claim the $100 contract and start mining immediately.
- Upgrade to paid plans for increased returns.
Summary: ZA Miner offers a free, eco-friendly cloud mining platform with a $100 bonus, daily payouts, and global access, aiming to make crypto mining accessible and sustainable. (Source: finanzen.at)
Sources:
- AgriForce schließt Bitcoin-Mining-Erweiterung in Ohio ab
- Canaan meldet Rekord-Hashrate – Aktie weiter unter Druck
- Elon Musk Kryptowährung: Empfehlungen + Überblick (2025)
- Bitcoin: Kommt jetzt das neue Rekordhoch?
- ZA Miner Launches Free Crypto Cloud Mining Platform to Democratize Bitcoin and Dogecoin Earning in 2025
