Allied Energy Corporation provides update on their Bitcoin Mining Joint-Venture Project [Yahoo! Finance]
ALLIED ENERGY CORP (AGYP)
Company Research
Source: Yahoo! Finance
in leasing and optimization of hydrocarbon reserves within the prolific United States energy landscape, is pleased to provide the following update regarding their Bitcoin mining project with joint venture partner, Enegix Global. Allied Energy Corporation and Enegix Global have reached a significant milestone in their Bitcoin mining project, with construction commencing at their Brenham, Texas location on April 2nd, 2024. The completion of the pad and preparation for equipment installation marks a crucial step forward. The upcoming beta test, scheduled to run for 60-90 days, will serve as a crucial phase in fine-tuning operations. By using natural gas to power generators, the team aims to optimize electrical power production for mining operations. This test phase will allow for the identification and resolution of potential challenges before scaling up operations. Key areas of focus during the beta test include testing generator performance at various power settings, establishing
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