Announcement • May 08
Allied Energy Corporation Advances Gas Supply Infrastructure to Support Bitcoin Mining Partner At Thiel Site Allied Energy Corporation provided a project update from the Thiel site where AGYP and its partner, Louis Energy Inc., are building out the infrastructure to deliver natural gas to support off-grid computing applications for Louis Energy Inc. Key Infrastructure achievements: Turning Trapped Gas into a Strategic Asset: AGYP and Louis Energy Inc. have been actively preparing the Thiel site to safely and efficiently channel natural gas to mobile containers for high-density computing. Completed milestones include: Delivery of second modular computing container; Installation of on-site mobile office; Electrical installation preparation between Generator 2 and Container 2; Perimeter security fencing underway; Gas supply systems under validation; Generator test scheduled (pending P-5 approval); On-site technicians conducting diagnostics and testing. Announcement • Feb 28
Allied Energy Corporation Announces Update on Ongoing Projects and Production Capacity Expansion, Reinforcing Allied Energy Corporation announced significant strides in its ongoing projects and production capacity expansion, reinforcing its optimistic outlook for the company’s future. With the momentum of these developments, the company is well-positioned for substantial growth in the coming months. At its Thiel site, the company are making significant strides in expanding operational capacity by constructing and installing two 1.25 MW generators. The new production pad has already been successfully laid, and noise abatement testing is scheduled shortly.Once the first two generators are running at full capacity, the company plan to add a third unit, increasing the site’s total capacity to an impressive 3 to 3.5 MW by the end of third quarter of 2025. This expansion strategically positions Allied Energy to capitalize on Texas' booming energy sector, where industrial power consumption is projected to grow significantly in the coming years At its Gilmer lease, Allied Energy continues to optimize operations with the replacement of 116 pump jacks with smaller, more efficient units. The company have also placed a packer in the well to cut off Mississippi water, enabling production from the Caddo and possibly the Strawn formations. One well is currently being converted, and depending on its performance, The company plan to convert two additional wells in third quarter and fourth quarter. Announcement • Apr 19
Allied Energy Corporation Provides Update on Their Bitcoin Mining Joint-Venture Project Allied Energy Corporation provided the following update regarding their Bitcoin mining project with joint venture partner, Enegix Global. Allied Energy Corporation and Enegix Global have reached a significant milestone in their Bitcoin mining project, with construction commencing at their Brenham, Texas location on April 2nd, 2024. The completion of the pad and preparation for equipment installation marks a crucial step forward. The upcoming beta test, scheduled to run for 60-90 days, will serve as a crucial phase in fine-tuning operations. By using natural gas to power generators, the team aims to optimize electrical power production for mining operations. This test phase will allow for the identification and resolution of potential challenges before scaling up operations. Key areas of focus during the beta test include testing generator performance at various power settings, establishing maintenance schedules to minimize downtime, and adjusting carburetor settings for gas quality. Insights gained from this testing phase will inform future operations and optimize efficiency. In conjunction with the arrival of the generator, additional tasks such as laying pipeline from the gas well, installation of a separator and meter run, and running a water line from the water well to the container will be completed. 
