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AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a pioneering AgTech company committed to transforming modern agricultural development through its proprietary and patent-pending facility design and automated growing system. The company leverages its intellectual property assets to drive advancements in the agricultural industry, focusing on sustainable and nutritious food production.
Core Business: AgriFORCE is primarily engaged in the development and commercialization of innovative technologies for controlled environment agriculture (CEA) and other agribusiness applications. Its AgriFORCE Brands division aims to deliver more nutritious plant-based ingredients and products, notably through offerings such as Awakened Flour and Awakened Grains.
Recent Achievements: The company has recently invested in Radical Clean Solutions (RCS), acquiring a 14% stake and exclusive worldwide rights to commercialize RCS’s Hydroxyl devices. These devices are designed to eliminate pathogens, mold, and VOCs in real-time, significantly improving food safety and reducing spoilage.
Innovative Technologies: AgriFORCE’s technologies include the FORCEGH+ grow facility and the UN(THINK) food processing technology. FORCEGH+ is a state-of-the-art grow house designed for optimized crop yields without using pesticides, fungicides, or herbicides. UN(THINK) technology improves the nutritional profile of wheat flour, providing a healthier alternative to traditional baking ingredients.
Financial Condition and Market Position: AgriFORCE has demonstrated resilience and strategic growth, regaining compliance with Nasdaq’s minimum bid price requirement and expanding its intellectual property portfolio with new patents. The company is also exploring partnerships and market opportunities globally, with a strong presence in both North America and Latin America.
Partnerships and Projects: AgriFORCE collaborates with various partners, including DESICO in Mexico, to distribute its Hydroxyl devices. The company also participates in industry expositions like EXPO Guanajuato to showcase its technological innovations.
Future Outlook: AgriFORCE remains focused on its mission to drive sustainable agricultural solutions and improve food nutrition. The company’s ongoing projects, strategic investments, and innovative technologies position it as a leader in the AgTech industry, poised for significant growth and value creation for shareholders.
For more information, visit www.agriforcegs.com.
AgriFORCE Growing Systems (NASDAQ: AGRI) announced its participation in the upcoming 'Digital Assets 2025: To Bitcoin and Beyond' virtual conference, hosted by Maxim Group on February 12, 2025. CEO Jolie Kahn will present at the event, which explores digital asset industry evolution and 2025 regulatory changes.
The company has achieved significant operational expansion in under 90 days, operating three bitcoin mining facilities - two in Ohio and one in Alberta - with a total capacity of 5 MW. Key performance metrics include:
- 18 PH/s hashrate
- 0.057 BTC daily production
- 1,120 mining units
- $0.04/kWh energy efficiency
AgriFORCE recently completed a $4.5M acquisition of a 5 MW bitcoin mining facility in Ohio using natural gas flare energy, with 900+ active miners and expansion capacity to 1,200 units. The company also announced the opening of its US headquarters in West Palm Beach, FL, citing the area's tech and crypto-friendly business environment.
AgriFORCE Growing Systems (NASDAQ: AGRI) announced the acquisition and upcoming deployment of 220 new BITMAIN Antiminer S19kPro miners at its Sturgeon, Alberta facility, replacing 134 existing miners. This upgrade is expected to triple the facility's hashrate.
The company benefits from Alberta's cold climate, which reduces cooling costs and eliminates the need for immersion cooling. Operating in Alberta provides a 40% discount in foreign currency arbitrage compared to USD purchases, particularly advantageous given the 25% U.S. tariffs on foreign-manufactured mining equipment.
The company cites ongoing negotiations with Alberta representatives and the Trump administration as creating favorable regulatory conditions. COO Barrett Mooney emphasized their focus on asset optimization, while CEO Jolie Kahn highlighted their business model targeting immediate revenue generation through ready-to-produce assets.
AgriFORCE Growing Systems (NASDAQ: AGRI) has transformed into a fully operational bitcoin mining and agtech company over a 75-day period. The company now operates three strategic sites in Ohio and Alberta with a combined 5 MW capacity, achieving a collective hashrate of 18 PH/s and producing approximately 0.057 BTC per day with 1,120 miners at an energy cost of $0.04 per kWh.
The company recently acquired a 5 MW bitcoin mining facility in Columbiana County, Ohio for $4.5 million, which currently operates over 900 bitcoin mining units with potential expansion to 1,200 units. AgriFORCE has secured the first $7 million tranche of a potential $50 million financing facility from institutional investors to support its expansion plans.
The company has recorded a 600% increase in hashrate since starting operations at its Sturgeon, Alberta facility, with only one outage day since November 30, 2024. AgriFORCE's strategy includes leveraging stranded gas assets while integrating sustainable energy and agricultural growth initiatives.
AgriFORCE Growing Systems (NASDAQ: AGRI) has reported significant growth in its bitcoin mining operations with the acquisition of a 5 MW facility in Columbiana County, Ohio. The company has increased its hashrate by over 600% in less than 60 days, demonstrating rapid expansion in its mining capabilities.
CEO Jolie Kahn announced the company's strategy to continue targeting stranded assets with scalable growth potential and plans to HODL 10% or more of their Bitcoin output. The expansion aligns with Ohio's cryptocurrency initiatives, including the proposed Ohio Bitcoin Reserve Act (HB 703), which aims to use Bitcoin as a hedge against currency devaluation.
The facility is expected to create new jobs in advanced technology and sustainable agriculture while contributing to food security in Ohio, where over 14% of households face food insecurity challenges.
AgriFORCE Growing Systems (NASDAQ: AGRI) has acquired a 5 MW bitcoin mining facility in Columbiana County, Ohio for $4.5 million in cash. The facility currently operates over 900 bitcoin mining units with capacity for 1,200 units, powered by natural gas energy from flare gas.
The strategic acquisition aims to integrate sustainable energy solutions with innovative agricultural initiatives. The company plans to enhance operations by repurposing waste heat and implementing carbon capture technology, enabling diversified revenue streams through sustainable agricultural practices, including premium crop cultivation and aquaculture systems.
Chairman David Welch emphasized that the facility demonstrates their ability to execute a scalable business model combining cryptocurrency mining revenue with agricultural operational efficiency.
AgriFORCE Growing Systems (NASDAQ: AGRI) has appointed Dr. Barrett Mooney as Chief Operating Officer to strengthen its technological innovation initiatives in sustainable agriculture and cryptocurrency mining. Dr. Mooney, who holds a Ph.D. in Agricultural and Biological Engineering, brings significant expertise from his previous roles, including co-founding HydroBio Inc., which optimized irrigation for over 250,000 acres and managed 1.5 trillion gallons of water globally before being acquired by The Climate
Dr. Mooney's experience includes leading cross-functional teams at The Climate , utilizing AI and satellite imagery for crop yield enhancement. He also served as CEO and Chairman of a NYSE-listed aerospace and defense company. In his new role at AgriFORCE, he will focus on integrating sustainable agricultural practices with energy-intensive operations, particularly at the company's newly acquired cryptocurrency mining and agricultural facility in Alberta, Canada.
AgriFORCE Growing Systems (NASDAQ: AGRI) has announced its participation in The Microcap Conference 2025, scheduled for January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ. During the event, the company's management team will deliver a corporate presentation and conduct one-on-one meetings with institutional and individual investors. The discussions will focus on recent developments, growth strategy, and investment opportunities.
AgriFORCE Growing Systems (NASDAQ: AGRI) has signed a Letter of Intent to acquire a 5MW Bitcoin mining facility in Madison Township, Ohio. The facility, powered by sustainable energy, features five 1MW natural gas generator power plants for Bitcoin mining operations.
The company plans to optimize operations by repurposing heat and carbon offsets, diversifying revenue through sustainable agribusinesses including premium crop cultivation and aquaculture. With Ohio ranking 13th nationally in food insecurity affecting 13.7% of households (approximately 640,000 families), AgriFORCE aims to produce nutrient-dense foods such as white-legged shrimp, microgreens, and red seaweed.
The acquisition, scheduled to close in early Q1 2025, mirrors a similar project in Sturgeon County, Alberta, and is expected to generate immediate cash flow upon completion.
AgriFORCE Growing Systems (NASDAQ: AGRI) has launched sustainable agricultural operations at its newly acquired Bitcoin mining facility in Sturgeon County, Alberta. The innovative project combines Bitcoin mining with agriculture by utilizing excess heat and carbon emissions from mining operations to support crop cultivation and aquaculture.
The facility, powered by an on-site generator using flared gas, implements carbon capture and heat reuse technologies to cultivate white-legged shrimp, nutrient-dense micro-greens, and high-demand red seaweed. This integrated approach aims to offset greenhouse gas emissions while contributing to food security and economic development in the region.
The company emphasizes that this model creates multiple revenue streams by repurposing stranded gas assets and modular systems, demonstrating a scalable solution that could be implemented globally.
AgriFORCE Growing Systems (NASDAQ: AGRI) has completed the acquisition of a bitcoin mining facility in Sturgeon County, Alberta, Canada for $1.5 million in cash. This facility, powered by 1.2 MW of natural gas energy, supports over 130 bitcoin mining units with scalability to accommodate up to 250 units. The acquisition aligns with AgriFORCE's integrated strategy, blending sustainable energy, advanced data operations, and innovative agricultural solutions. Chairman David Welch emphasized the strategic benefits, noting the potential for immediate and long-term revenue, environmental sustainability, and operational efficiency. This move allows the company to generate revenue from bitcoin mining and integrate high-yield agricultural initiatives, offsetting operational costs and maximizing asset value.
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