The MoU arrives as the sector approaches the next Bitcoin halving—an inflection point that demands greater output from existing hardware. Tested on S19, S21, and S21 Hydro units, Bit-X V2 delivers a substantial increase in valid hash efficiency with no additional capital expenditure, underscoring BitX’s conviction that efficiency—not scale alone—will propel the industry’s next growth cycle.
Brian Ashe, Chief Executive Officer of BitX Group, stated:
“Our mission is to democratize hash power by turning every deployed machine into a smarter, more productive asset. Partnering with AMFMC allows us to scale that mission in Canada and invite the wider community to share in the rewards of a more efficient Bitcoin network.”
Michael Thompson, Managing Director of AMFMC, commented:
“By integrating Bit-X V2 we expect increased gains in output and significant reductions in marginal costs. These improvements position us to expand our farm footprint aggressively and capture a larger share of the global market.”
Alexander, Chief Technology Officer of BitX Group, added:
“Our phased, zero-downtime rollout ensures miners remain online while realizing tangible efficiency gains from day one.”
Key Provisions of the MoU
- Phase 1 Deployment: Bit-X V2 will be installed on 12,000 mining units at AMFMC’s flagship Alberta site.
- Community Participation: Through BitX’s Shared Accelerator Program, individuals can contribute as little as USD 100 and earn proportional rewards from the upgraded hash rate.
- Growth Blueprint: AMFMC targets expansion to 30,000 mining machines within 18 months, with BitX providing continuous AI-driven optimization across all new sites.
This alliance advances BitX’s vision of a distributed, high-efficiency mining ecosystem in which industrial operators and retail participants alike benefit from intelligent hash-rate management. Together, BitX and AMFMC intend to demonstrate that innovation in efficiency will define the future of Bitcoin production.
Media Contact
Company Name: BitX
Email: [email protected]
Contact Person: Jamie Whitehead
Website: https://bit-x.tech/
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