Allied Energy Corporation Bitcoin Mining Project Update with Enegix Global – Construction Commences in Brenham, Texas
Allied Energy Corporation Makes Strides in Bitcoin Mining Project with Enegix Global Partnership
CARROLLTON, Texas, April 18, 2024 (GLOBE NEWSWIRE) — Allied Energy Corporation (OTC: AGYP) is making waves in the energy sector with its innovative Bitcoin mining project in collaboration with Enegix Global. The company recently announced a significant milestone in the project, with construction kicking off at their Brenham, Texas location on April 2nd, 2024.
The project aims to leverage natural gas to power generators for Bitcoin mining operations, with a focus on optimizing electrical power production. The upcoming beta test, set to run for 60-90 days, will play a crucial role in fine-tuning operations and addressing any potential challenges before scaling up.
Key areas of focus during the beta test include testing generator performance, establishing maintenance schedules, and adjusting carburetor settings for gas quality. Insights gained from this testing phase will inform future operations and enhance efficiency.
In addition to the generator installation, the team will also complete tasks such as laying pipeline from the gas well, installing a separator and meter run, and running a water line from the water well to the container.
CEO George Monteith expressed confidence in the partnership with Enegix Global and highlighted the value creation potential for shareholders. This project represents a strategic move towards harnessing the opportunities presented by Bitcoin mining in the energy sector.
For more information and updates on Allied Energy Corporation’s projects, interested parties can visit their website at https://alliedengycorp.com/ and follow their corporate Twitter account at https://twitter.com/AlliedEnergyCo1.
About AGYP:
Allied Energy Corporation specializes in acquiring oil & gas reserves in prolific regions of the United States, focusing on reworking and re-completing existing wells to maximize production. The company utilizes advanced technologies to enhance recovery rates and achieve efficient oil and gas extraction.
Safe Harbor Statement:
This Press Release may contain forward-looking statements that involve risks and uncertainties. The Company undertakes no obligation to update or advise in the event of any change to the information provided in this Press Release.
Contact:
Allied Energy Corporation
Phone: 972-632-2393
Email: info@alliedengycorp.com
Twitter: https://twitter.com/AlliedEnergyCo1
