AgriFORCE Acquires 5MW Bitcoin Mining Facility, Plans Innovative Agriculture Integration
Summary
Vancouver, British Columbia, Jan. 23, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), a leading technology-driven innovator, is pleased to announce the acquisition of a state-of-the-art 5 MW bitcoin mining facility located in Columbiana County, Ohio. Plans are in place to enhance operations by repurposing waste heat and implementing carbon capture technology, enabling diversified revenue streams through sustainable agricultural practices, such as premium crop cultivation and aquaculture systems.David Welch, Chairman of AgriFORCE, underscored the strategic advantages of the acquisition:"This facility is a testament to our ability to execute on a scalable business model that delivers dual benefitssustained revenue from cryptocurrency mining and operational cost efficiency from agricultural integration. The convergence of memecoin frenzy, regulatory reform, and energy innovation opens unparalleled avenues for growth, and AgriFORCE is ready to lead the charge in this transformative era. By utilizing waste energy from natural gas flare-powered generators, the facility represents an innovative approach to reducing environmental impact while driving financial growth through bitcoin mining and integrated agricultural solutions, such as microgreens and aquaculture. At AgriFORCE, we see this as a once-in-a-generation opportunity to align innovative blockchain technologies with our mission of sustainable development.As previously disclosed, the Company has also closed on the first tranche of an up to financing facility with institutional investors.