BitX Group and Alberta Mining Facilities Management Company Ignite New Wave of High-Efficiency Bitcoin Mining in Canada

PRESS RELEASE
Published May 6, 2025

BitX Group has entered into a strategic Memorandum of Understanding with Alberta Mining Facilities Management Company (AMFMC) to deploy the Bit-X V2 Accelerator across AMFMC's operations in Alberta, one of North America's most rapidly expanding hash-rate hubs. By pairing BitX's AI-driven efficiency technology with AMFMC's growing infrastructure, the two organizations will set a new performance standard and open broader access to Bitcoin mining worldwide.

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: contact@bit-x.tech

Contact Person: Jamie Whitehead

Website: https://bit-x.tech/

City: Abu Dhabi

Country: United Arab Emirates

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