Core Insights - AgriFORCE Growing Systems Ltd. is participating in the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, highlighting its role in the bitcoin mining and sustainable agriculture sectors [1][2] - The conference will address the evolution of the digital asset industry and the impact of regulatory changes expected in 2025 [2] - AgriFORCE's operational expansion and sustainability initiatives position it as a key player in the intersection of cryptocurrency and environmental stewardship [3][4] Company Developments - AgriFORCE has officially opened its US headquarters in West Palm Beach, Florida, aiming to leverage the area's technology and crypto-friendly business environment [5] - The company has made significant operational advancements, including a recent acquisition of a 5 MW bitcoin mining facility in Ohio for $4.5 million, utilizing natural gas flare energy [6] - AgriFORCE operates three bitcoin mining facilities with a total capacity of 5 MW, achieving a hashrate of 18 PH/s and producing 0.057 BTC per day [6] Industry Context - The conference will feature a lineup of bitcoin miners, equipment providers, and corporate adopters of cryptocurrency, indicating a growing interest in digital assets as a treasury strategy [2] - AgriFORCE's insights into sustainable mining practices are expected to contribute to discussions on the future of digital asset infrastructure [3]

Core Insights - AgriFORCE Growing Systems Ltd. has successfully acquired and will deploy 220 new BITMAIN Antiminer S19kPro miners at its Sturgeon, Alberta facility, which is expected to nearly triple the facility's hashrate, enhancing operational capacity and profitability [1][3] Strategic Operational Enhancements - Operating in Alberta provides AgriFORCE with a competitive edge due to the province's colder climate, which reduces cooling challenges and energy expenses, eliminating the need for costly immersion cooling strategies [2] - Alberta's oil and gas expertise contributes to operational stability and efficiency, making it a favorable location for digital asset mining [2] Competitive Market Advantages - The new acquisition positions AgriFORCE to capitalize on increasing digital asset demand while benefiting from cost efficiencies and reliability in a resource-rich, cold climate [3] - The company's growth plan focuses on optimizing existing assets, with the integration of new miners exemplifying operational efficiency and profitability [3] - AgriFORCE's unique business model targets immediate revenue generation through assets ready to produce from day one, leveraging lower cooling costs and avoiding grid dependency [3] - Recent U.S. tariffs of 25% on foreign-manufactured mining equipment enhance AgriFORCE's competitive advantage, as the company benefits from over 40% discount in foreign currency arbitrage compared to USD purchases [6] - Ongoing negotiations with Alberta's representatives and the new Trump administration create an environment of regulatory certainty and supportive policies, paving the way for future expansion [6]

Vancouver, British Columbia, Feb. 04, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI), a trailblazing technology-driven innovator committed to sustainability and operational excellence, is enthusiastic to comment upon a transformative series of developments. In an explosive 75-day period, the Company has evolved into a fully operational bitcoin mining and agtech company with diversified revenue streams, setting new industry benchmarks for growth and innovation across both Canada and th ...

Core Insights - AgriFORCE Growing Systems Ltd. has acquired a 5 MW bitcoin mining facility in Columbiana County, Ohio, resulting in a hashrate increase of over 600% [1] - The acquisition aligns with the company's strategic growth plan to integrate stranded gas assets with sustainable agricultural initiatives [1] - Ohio is emerging as a leader in blockchain and cryptocurrency innovation, supported by legislative efforts like the proposed Ohio Bitcoin Reserve Act [2] Economic and Social Benefits - The facility is expected to create new job opportunities in advanced technology and sustainable agriculture, addressing regional workforce development needs [3] - AgriFORCE's agricultural practices aim to enhance food security in Ohio, where over 14% of households face food insecurity challenges [4] Company Overview - AgriFORCE Growing Systems Ltd. is focused on addressing critical challenges in agriculture, sustainability, and environmental stewardship through advanced technologies and innovative business models [5]

Core Insights - AgriFORCE Growing Systems Ltd. has acquired a 5 MW bitcoin mining facility in Ohio for $4.5 million, marking a significant step in its strategy to integrate sustainable energy and agricultural initiatives [1][2][4] Strategic Opportunity with Scalable Growth Potential - The facility operates on natural gas energy, currently housing over 900 bitcoin mining units with potential scalability to 1,200 units [2] - It utilizes flare natural gas, generating consistent revenue while minimizing environmental impact [2] - Future plans include repurposing waste heat and implementing carbon capture technology to diversify revenue through sustainable agricultural practices [2] Driving Efficiency and Sustainability - The acquisition is seen as a scalable business model that combines cryptocurrency mining with agricultural integration, promising sustained revenue and operational cost efficiency [3] - The convergence of market trends, including the rise of memecoins and regulatory reforms, presents growth opportunities for AgriFORCE [3] Vision for Growth and Innovation - The facility exemplifies AgriFORCE's commitment to blending technology, sustainability, and agriculture, aiming to set a new benchmark for industry practices [4] - The current crypto market dynamics, including the rise of Bitcoin and supportive regulatory changes, are viewed as a pivotal moment for digital assets [4] Financing Initiatives - AgriFORCE has closed the first tranche of a financing facility of up to $50 million, using part of the initial $7 million to fund the acquisition [5] - This acquisition is the third in six months, contributing immediate cash flow to the company [5] Company Overview - AgriFORCE Growing Systems Ltd. focuses on addressing challenges in agriculture and sustainability through advanced technologies and innovative business models [6]

Core Insights - AgriFORCE Growing Systems Ltd. has appointed Dr. Barrett Mooney as Chief Operating Officer, emphasizing the company's commitment to sustainable innovation and technology integration in agriculture and cryptocurrency mining [1][4]. Company Overview - AgriFORCE Growing Systems Ltd. focuses on developing and acquiring innovative technologies for sustainable agriculture, aiming to address challenges in energy and food production through scalable models that benefit communities and the environment [5]. Leadership and Expertise - Dr. Mooney holds a Ph.D. in Agricultural and Biological Engineering and has extensive experience in agricultural technology and sustainability, having co-founded HydroBio Inc. and led significant projects optimizing irrigation for over 250,000 acres [2][3]. - His previous role as CEO and Chairman of a NYSE-listed aerospace and defense company involved leading major acquisitions and transitioning the company to a public entity, showcasing his strategic business growth capabilities [3]. Strategic Vision - The CEO of AgriFORCE, Jolie Kahn, highlighted that Dr. Mooney's expertise will be crucial in transforming stranded gas assets and Bitcoin mining operations into sustainable agricultural growth drivers [4]. - Dr. Mooney expressed enthusiasm about the opportunity to integrate sustainable agricultural practices with energy-intensive operations, indicating a transformative potential for the future of sustainable innovation [4].

VANCOUVER, British Columbia, Jan. 10, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), a technology-driven company committed to sustainable innovation, is pleased to announce its participation in The Microcap Conference 2025, the premier event for growth-focused companies and investors. The conference will take place January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ. AgriForce Growing Systems, Ltd.’s management team will deliver a corporate presentation and e ...

VANCOUVER, British Columbia, Dec. 05, 2024 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), an intellectual property-driven technology leader, is proud to announce the launch of sustainable agricultural operations at its newly acquired Bitcoin mining facility in Sturgeon County, Alberta, Canada. By harnessing the excess heat and carbon emissions from Bitcoin mining, AgriFORCE is pioneering a novel approach to promote agricultural productivity while reducing environmental impact. The facili ...

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 $1.5 million in cash, this cutting-edge facility represents a cornerstone of AgriFORCE's integrated strategy, blending sustainable energy, advanced data operations, and innovative agricultural solutions. A H ...

VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (the “Company”) (NASDAQ: AGRI; AGRIW), an intellectual property (IP) focused technology company, announces the evolution of its business model to follow the closing of its recently announced bitcoin mining facility acquisition. AgriFORCE CEO Jolie Kahn commented, “As we approach a key milestone in the progression of our growth strategy it is important to clarify how our adoption of an innovative combination of tech ...