AgriFORCE Growing Systems Acquires Alberta Bitcoin Mining Facility, Unlocking Revolutionary Synergies in Technology, Agriculture, and Sustainability
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.
AgriFORCE Growing Systems (NASDAQ: AGRI) ha completato l'acquisizione di un impianto di mining di bitcoin nella Contea di Sturgeon, Alberta, Canada, per 1,5 milioni di dollari in contanti. Quest'impianto, alimentato da 1,2 MW di energia a gas naturale, supporta oltre 130 unità di mining di bitcoin, con la scalabilità per accogliere fino a 250 unità. L'acquisizione si allinea con la strategia integrata di AgriFORCE, che combina energia sostenibile, operazioni avanzate di dati e soluzioni agricole innovative. Il presidente David Welch ha sottolineato i benefici strategici, notando il potenziale per ricavi immediati e a lungo termine, sostenibilità ambientale ed efficienza operativa. Questa mossa consente all'azienda di generare entrate dal mining di bitcoin e integrare iniziative agricole ad alto rendimento, compensando i costi operativi e massimizzando il valore degli asset.
AgriFORCE Growing Systems (NASDAQ: AGRI) ha completado la adquisición de una instalación de minería de bitcoin en el Condado de Sturgeon, Alberta, Canadá, por 1,5 millones de dólares en efectivo. Esta instalación, alimentada por 1,2 MW de energía de gas natural, soporta más de 130 unidades de minería de bitcoin, con escalabilidad para acomodar hasta 250 unidades. La adquisición se alinea con la estrategia integrada de AgriFORCE, combinando energía sostenible, operaciones avanzadas de datos y soluciones agrícolas innovadoras. El presidente David Welch enfatizó los beneficios estratégicos, señalando el potencial para ingresos inmediatos y a largo plazo, sostenibilidad ambiental y eficiencia operativa. Este movimiento permite a la empresa generar ingresos a través de la minería de bitcoin e integrar iniciativas agrícolas de alto rendimiento, compensando los costos operativos y maximizando el valor de los activos.
AgriFORCE Growing Systems (NASDAQ: AGRI)은 캐나다 앨버타주 스터전 카운티에 있는 비트코인 채굴 시설을 150만 달러에 인수했다고 발표했습니다. 이 시설은 1.2MW의 천연가스 에너지를 사용하여 130개 이상의 비트코인 채굴 장비를 지원하며, 최대 250개 장치까지 확장이 가능합니다. 이 인수는 AgriFORCE의 지속 가능한 에너지, 고급 데이터 운영 및 혁신적인 농업 솔루션을 혼합한 통합 전략과 일치합니다. 회장인 데이비드 웰치(David Welch)는 즉각적이고 장기적인 수익, 환경 지속 가능성 및 운영 효율성의 잠재력을 강조했습니다. 이 조치는 회사가 비트코인 채굴로 수익을 창출하고 고수익 농업 이니셔티브를 통합하여 운영 비용을 상쇄하고 자산 가치를 극대화할 수 있게 합니다.
AgriFORCE Growing Systems (NASDAQ: AGRI) a finalisé l'acquisition d'une installation de minage de bitcoin dans le comté de Sturgeon, Alberta, Canada, pour 1,5 million de dollars en espèces. Cette installation, alimentée par 1,2 MW d'énergie à gaz naturel, prend en charge plus de 130 unités de minage de bitcoin, avec une évolutivité pour accueillir jusqu'à 250 unités. L'acquisition s'inscrit dans la stratégie intégrée d'AgriFORCE, qui allie énergie durable, opérations de données avancées et solutions agricoles innovantes. Le président David Welch a souligné les avantages stratégiques, notant le potentiel de revenus immédiats et à long terme, la durabilité environnementale et l'efficacité opérationnelle. Ce mouvement permet à l'entreprise de générer des revenus grâce au minage de bitcoin et d'intégrer des initiatives agricoles à haut rendement, compensant ainsi les coûts opérationnels et maximisant la valeur des actifs.
AgriFORCE Growing Systems (NASDAQ: AGRI) hat die Übernahme einer Bitcoin-Mining-Anlage im Sturgeon County, Alberta, Kanada, für 1,5 Millionen US-Dollar in bar abgeschlossen. Diese Anlage, die mit 1,2 MW Erdgasenergie betrieben wird, unterstützt über 130 Bitcoin-Mining-Einheiten und kann auf bis zu 250 Einheiten skalieren. Die Übernahme steht im Einklang mit der integrierten Strategie von AgriFORCE, die nachhaltige Energie, fortschrittliche Datenoperationen und innovative landwirtschaftliche Lösungen kombiniert. Vorsitzender David Welch betonte die strategischen Vorteile und wies auf das Potenzial für kurzfristige und langfristige Einnahmen, Umweltverträglichkeit und Betriebseffizienz hin. Dieser Schritt ermöglicht es dem Unternehmen, Einnahmen aus dem Bitcoin-Mining zu generieren und hochproduktive landwirtschaftliche Initiativen zu integrieren, wodurch Betriebskosten ausgeglichen und der Wert der Vermögenswerte maximiert wird.
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VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), a leading intellectual property-driven technology company, is pleased to announce the completion of its acquisition of a bitcoin mining facility in Sturgeon County, Alberta, Canada. Acquired for
A High-Value Opportunity
The facility, powered by 1.2 MW of natural gas energy, currently supports over 130 bitcoin mining units and has the scalability to accommodate up to 250 units. This capability delivers immediate and long-term revenue streams while advancing environmental sustainability through the use of flare natural gas-powered operations. These efficiencies create additional opportunities for income generation by integrating high-yield agricultural initiatives.
Chairman David Welch highlighted the strategic benefits of this acquisition:
“This facility exemplifies our ability to execute on a self-sustaining, scalable business model. By generating revenue from bitcoin mining and seamlessly integrating sustainable agriculture operations, we can offset operational costs and retain the Bitcoin we mine ('HODL'). This positions us to maximize the future value of our assets while maintaining operational efficiency and financial stability. It’s a forward-looking strategy that aligns perfectly with our commitment to innovation, sustainability, and long-term stakeholder value.”
Revolutionizing Sustainability and Profitability
CEO Jolie Kahn described the transformational potential of the acquisition:
“This acquisition is a game-changer, establishing AgriFORCE as a leader at the intersection of technology, sustainability, and agriculture. By repurposing waste energy from flare gas-powered generators, the facility reduces environmental impact and drives multiple revenue streams, including bitcoin mining and agricultural operations such as micro-greens, red seaweed, and white-legged shrimp farming.”
This innovative use of energy maximization creates a replicable model that enhances profitability and resource efficiency, setting a benchmark for sustainable industrial practices.
Competitive Advantage and Strategic Vision
The Sturgeon County facility reinforces AgriFORCE's competitive edge and supports the Company’s strategic pillars:
- Reducing Environmental Impact: The facility leverages renewable energy sources to reduce the carbon footprint of data centers and agriculture.
- Driving Revenue Diversification: By integrating advanced bitcoin mining technology with high-value agricultural operations, the Company is positioned for sustained financial growth.
- Scaling a Proven Model: AgriFORCE aims to replicate this success by acquiring similar facilities across North America, enhancing both economic and environmental outcomes.
Kahn further emphasized:
“This facility embodies our commitment to leveraging cutting-edge technologies for transformative impact. We feel that the acquisition of the Sturgeon County, Alberta facility solidifies our intention to become a significant participant in clean energy integration, data center optimization and sustainable agriculture, as a means of transforming technology and sustainability while striving to deliver robust financial returns. As we scale this model across the U.S. and Canada, we aim to deliver unparalleled benefits to both the environment and our stakeholders, securing AgriFORCE’s position as a pioneer in sustainable, profitable innovation.”
ABOUT AGRIFORCE
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) 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.
Follow AgriFORCE on Twitter: @agriforcegs
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities of the issuer. Any offer to sell or solicitation of an offer to buy securities of the issuer may only be made pursuant to a valid prospectus pursuant to an effective registration statement or pursuant to a valid exemption from registration under the Securities Act of 1933, as amended and the rules and regulations promulgated thereunder.
Investor Relations:
Richard Wong, CFO
rwong@agriforcegs.com
CORE IR
investorrelations@agriforcegs.com
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