Allied Energy Corp – Bitcoin mining site number one now under development
Carrollton, Texas, September 8, 2023 – Allied Energy Corp (OTC: AGYP), a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, is proud to announce project ignition on the planned 20MW Bitcoin Mining partnership with Enerhash, River Energy Group, LLC, Allied Energy, and Sloan Petroleum. The fuse has been ignited on this collaborative endeavor, highlighting a collective commitment to innovation, sustainability, and transformative energy solutions all while mining Bitcoin.
The partnership between these companies has created a powerful alliance that promises not only to make a significant impact on the environment but also to reshape the landscape of energy practices and off-grid Bitcoin mining.
Guiding the Way: Balazs Jogg Takes the Technical Helm for the buildout of the Bitcoin Mining Operation
At the technical helm of this initiative is Enerhash COO Balazs Jogg, an expert in construction and direct operation responsibilities. With a wealth of experience to his name, Jogg’s leadership heralds a new era in the realm of energy solutions. Set in West Texas, his role as the driving technical force behind the project ensures a convergence of expertise and dedication that is bound to yield excellent results. As construction gears up and operations begin, Jogg’s presence marks the start of a transformative journey for the companies Enerhash, Allied Energy Corp., River Energy Group, LLC, and Sloan Petroleum into the Bitcoin mining industry.
Experienced leaders in the oil and gas industry, George Monteith and Del Sloan, extended a heartfelt welcome to Balazs Jogg as he takes on this pivotal role. Their endorsement of this partnership underscores the significance of the project and the potential it holds for ushering in a more sustainable and greener future. Jogg arrived on the ground in Texas in August from Budapest, Hungary. Jogg is working diligently to establish mining operations at the initial flare gas site. The site planning is finalized, and the project execution has started.
The collective strength of Enerhash, Allied Energy, River Energy, and Sloan Petroleum goes beyond individual capabilities. Representing over one hundred years of experience in the oil & gas industry, energy management, bitcoin mining, and capital markets, these companies will be pointing all their experience into off grid bitcoin mining.
“We believe that true progress is only possible when like-minded pioneers come together,” said George Monteith, emphasizing the importance of unity in achieving ambitious goals. “With Jogg on the ground working on initial setups we’ve made a powerful statement that Allied is committed to seeing the initial 20MW Bitcoin mining project through to completion.
Del Sloan echoed this sentiment, stating, “Our partnership is a beacon of hope for a brighter, more sustainable future while doing something truly useful with the flare gas often expelled into the atmosphere through fires. By harnessing our collective expertise, we are not merely stopping at eliminating routine flaring; we are propelling towards a future defined by innovation and environmental stewardship. We are also thrilled to see recent renewed excitement within the Bitcoin community.”
A spokesperson for River Energy Group, LLC added; “This collaboration utilizes the latest technologies to unlock the potential uses of flare gas. We are delivering an affordable clean energy supply for end-users.”
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