Allied Energy Corporation (OTC: AGYP) announces that the Sloan Petroleum and Enerhash USA project is now fully operational, working at 1MW off the flare gas from the Frost location. This project, which features the placement of advanced Bitcoin mining containers by Enerhash on the Sloan property, promises to drive revenue growth for Allied over the coming months.
The company is excited to report that Allied has received its first revenue check from the Sloan Petroleum/Enerhash USA Frost operation, a testament to the project's success and our commitment to innovative energy solutions. The project is set to generate revenues for Allied over the next six months, positioning us for financial growth.
In addition, we are pleased to share that our Bitcoin project in collaboration with Enegix Global, River Energy Group LLC at the Thiel #1 well site is undergoing a transformation into a commercialized venture. The company anticipates providing its shareholders with further updates in Q4, showcasing the potential of this strategic partnership. As a key partner with Enegix Global, Allied will initially supply gas for the project and gain the opportunity to participate in Bitcoin mining operations, enhancing our revenue streams in this burgeoning market.
George Monteith, CEO of Allied Energy, expressed his enthusiasm: "The successful launch of the Sloan Petroleum and Enerhash USA operation is a significant event for Allied Energy. We are optimistic about the upcoming developments at the Thiel well with Enegix Global and River Energy Group LLC, these projects have provided Allied Energy and its team a valuable insight into the Data Mining industry, which will be of great value as we move deeper into this space. Our collective efforts will not only maximize the potential revenues from these projects but also strengthen our position in the energy and cryptocurrency sectors with our collective understanding of the inner workings of these types of projects."
As we continue to innovate and expand our operations, Allied Energy remains committed to delivering value to our shareholders and stakeholders. The company looks forward to leveraging these projects to secure our future growth and enhance our impact in the energy landscape.
