AgriFORCE Expands Acquisition Strategy with Focus on Sustainability and Digital Innovation
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) ha firmato una Lettera di Intenti per acquisire una struttura di mining di Bitcoin da 5MW a Madison Township, Ohio. La struttura, alimentata da energia sostenibile, dispone di cinque centrali elettriche a generatore di gas naturale da 1MW per le operazioni di mining di Bitcoin.
L'azienda prevede di ottimizzare le operazioni riutilizzando il calore e compensando le emissioni di carbonio, diversificando le entrate attraverso agricolture sostenibili, comprese la coltivazione di colture di alta qualità e l'acquacoltura. Con l'Ohio che si posiziona al 13° posto a livello nazionale in termini di insicurezza alimentare, che colpisce il 13,7% delle famiglie (circa 640.000 famiglie), AgriFORCE mira a produrre alimenti ricchi di nutrienti come i gamberi bianchi, i microgreens e le alghe rosse.
L'acquisizione, che dovrebbe concludersi all'inizio del primo trimestre del 2025, riflette un progetto simile nella Contea di Sturgeon, Alberta, e si prevede che generi un flusso di cassa immediato al termine dei lavori.
AgriFORCE Growing Systems (NASDAQ: AGRI) ha firmado una Carta de Intención para adquirir una instalación de minería de Bitcoin de 5MW en Madison Township, Ohio. La instalación, alimentada por energía sostenible, cuenta con cinco plantas generadoras de gas natural de 1MW para las operaciones de minería de Bitcoin.
La compañía planea optimizar las operaciones recuperando el calor y compensando las emisiones de carbono, diversificando los ingresos a través de agronegocios sostenibles, incluyendo el cultivo de productos agrícolas premium y la acuicultura. Con Ohio ocupando el 13° lugar a nivel nacional en inseguridad alimentaria que afecta al 13.7% de los hogares (aproximadamente 640,000 familias), AgriFORCE tiene como objetivo producir alimentos densos en nutrientes como camarones de patas blancas, microgreens y algas rojas.
La adquisición, programada para finalizar a principios del primer trimestre de 2025, refleja un proyecto similar en el Condado de Sturgeon, Alberta, y se espera que genere flujo de caja inmediato al completarse.
AgriFORCE Growing Systems (NASDAQ: AGRI)은 오하이오주 매디슨 타운십에 위치한 5MW 비트코인 채굴 시설을 인수하기 위한 의향서를 체결했습니다. 이 시설은 지속 가능한 에너지를 사용하며, 비트코인 채굴 작업을 위해 1MW 자연가스 발전기 5개가 설치되어 있습니다.
회사는 열 재활용 및 탄소 상쇄를 통해 운영을 최적화하고, 프리미엄 농작물 재배와 수산 양식 등을 포함한 지속 가능한 농업을 통해 수익을 다변화할 계획입니다. 오하이오는 식량 불안정 문제가 13.7%의 가정에 영향을 미치며, 이는 약 64만 가구에 해당하여 전국에서 13위에 해당합니다. AgriFORCE는 백다리새우, 미세채소, 빨간 해초와 같은 영양가 있는 식품을 생산하는 것을 목표로 하고 있습니다.
이 인수는 2025년 1분기 초에 완료될 예정이며, 앨버타주 스터전 카운티의 유사 프로젝트를 반영하고 있으며, 완료 시 즉각적인 현금 흐름을 생성할 것으로 기대됩니다.
AgriFORCE Growing Systems (NASDAQ: AGRI) a signé une Lettre d'Intention pour acquérir une installation de minage de Bitcoin de 5MW à Madison Township, Ohio. L'installation, alimentée par une énergie durable, dispose de cinq centrales électriques à générateurs à gaz naturel de 1MW pour les opérations de minage de Bitcoin.
L'entreprise prévoit d'optimiser les opérations en recyclant la chaleur et compensant les émissions de carbone, diversifiant les revenus par le biais d'agroentreprises durables, notamment la culture de cultures de qualité supérieure et l'aquaculture. Avec l'Ohio classé 13ème au niveau national en matière d'insécurité alimentaire touchant 13,7% des ménages (environ 640 000 familles), AgriFORCE vise à produire des aliments riches en nutriments tels que les crevettes à pattes blanches, les micro-vegetaux et les algues rouges.
L'acquisition, prévue pour être finalisée au début du premier trimestre 2025, reflète un projet similaire dans le comté de Sturgeon, Alberta, et devrait générer un flux de trésorerie immédiat après son achèvement.
AgriFORCE Growing Systems (NASDAQ: AGRI) hat einen Absichtserklärung unterzeichnet, um eine Bitcoin-Mining-Anlage mit 5MW in Madison Township, Ohio, zu erwerben. Die Anlage, die mit nachhaltiger Energie betrieben wird, verfügt über fünf 1MW-Gasgeneratoren zur Durchführung von Bitcoin-Mining-Operationen.
Das Unternehmen plant, die Betriebsabläufe durch Wiederverwertung von Wärme und Kohlenstoffausgleich zu optimieren und die Einnahmen durch nachhaltige Agrarwirtschaften, einschließlich des Anbaus hochwertiger Feldfrüchte und Aquakultur, zu diversifizieren. Da Ohio mit 13,7% der Haushalte (etwa 640.000 Familien) national auf dem 13. Platz im Hinblick auf Ernährungsunsicherheit steht, strebt AgriFORCE an, nährstoffreiche Lebensmittel wie Weißbein-Garnelen, Mikrogrüns und rote Algen herzustellen.
Die Übernahme, die Anfang des ersten Quartals 2025 abgeschlossen sein soll, spiegelt ein ähnliches Projekt im Sturgeon County, Alberta, wider und wird voraussichtlich sofortigen Cashflow nach Abschluss generieren.
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Letter of Intent signed to acquire 5MW Bitcoin mining facility in Madison Township, Ohio
VANCOUVER, British Columbia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), a technology-driven company committed to sustainable innovation, has signed a Letter of Intent (LOI) to acquire a Bitcoin mining facility in Madison Township, Ohio. The facility is powered by sustainable energy, advancing AgriFORCE’s mission to integrate innovative technologies that promote environmental stewardship while generating significant financial returns.
The 5MW facility mirrors a recently announced acquisition in Sturgeon County, Alberta, Canada. It features five 1MW natural gas generator power plants that support Bitcoin mining activities. AgriFORCE plans to optimize the facility’s operations by repurposing heat and carbon offsets, driving revenue diversification through sustainable agribusinesses like premium crop cultivation and aquaculture.
Expanding Bitcoin Mining with a Vision for Sustainability
David Welch, AgriFORCE Chairman, emphasized the importance of addressing food insecurity in Ohio, stating, "With Ohio ranking 13th in the nation for food insecurity, affecting
Merging Digital Currency and Sustainable Solutions
AgriFORCE CEO Jolie Kahn emphasized the financial and environmental benefits of the project, stating, "As demonstrated by our Sturgeon County acquisition, we are advancing a strategy that combines the potential of Bitcoin and other digital currencies to facilitate sustainable financial transactions. At the same time, we are repurposing carbon and heat offsets to create new business lines and revenue streams with environmentally conscious practices. This approach supports the local economy and aligns with our goal of addressing critical challenges in energy and food production.”
AgriFORCE anticipates that the acquisition will generate immediate cash flow upon closing, scheduled for early Q1 2025.
ABOUT AGRIFORCE
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is a tech company focused on building an integrated platform that combines the best technology, intellectual property, and knowledge to solve an urgent problem – providing the best solutions to help drive value added benefits to our shareholders through use of sustainable technologies. Additional information about AgriFORCE is available at: www.agriforcegs.com.
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Forward-Looking Statements
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to various risks and uncertainties. Please refer to AgriFORCE’s filings with the SEC for additional information
Investor Relations:
Richard Wong, CFO
rwong@agriforcegs.com
CORE IR
investorrelations@agriforcegs.com
FAQ
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