Allied Energy Corp (AGYP)

[Garbage2Gucci]

AGYP and River Energy Group LLC, known together as "Allied-River," signed a Definitive Agreement with Enerhash USA LLC, "Enerhash". The companies had previously entered into a Memorandum of Understanding to work together on the feasibility and analysis for developing solutions to utilize stranded and flare gas resources in the USA for Bitcoin mining and High-Performance Computing data centers. The definitive agreement was almost exclusively based on the aforementioned MOU with only minor changes to each party's scope of work requirement.

The parties physically met at the AGYP Thiel Well site in January to map out a Q1 strategy. The Thiel well location will have a first phase 1-megawatt model site that will grow to a 3-megawatt by the end of the year. The Thiel site will serve as the base model for the partnership's rapid growth of the initial 20-megawatt flare-gas project throughout Texas.

Enerhash is an energy technology and digital infrastructure development company founded by European energy experts in 2019. Enerhash has developed projects on three continents providing renewable energy optimization and grid balancing services including New Zealand, Sweden, Hungary and now they are entering into the USA.
https://newmediacast.com/allied-energy-corp-new-high-value-partnership-converting-excess-flare-gas-into-bitcoin

$AGYP