AgriFORCE Growing Systems Acquires Alberta Bitcoin Mining Facility, Unlocking Revolutionary Synergies in Technology, Agriculture, and Sustainability [Yahoo! Finance]
AgriFORCE Growing Systems Ltd. - Common Shares (AGRI)
Company Research
Source: Yahoo! Finance
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 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, scala
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News
- AgriFORCE Expands Acquisition Strategy with Focus on Sustainability and Digital InnovationGlobeNewswire
- AgriFORCE Growing Systems Acquires Alberta Bitcoin Mining Facility, Unlocking Revolutionary Synergies in Technology, Agriculture, and SustainabilityGlobeNewswire
- AgriFORCE Announces Reverse Stock Split for Nasdaq Compliance [Yahoo! Finance]Yahoo! Finance
- AgriFORCE Announces Reverse Stock Split for Nasdaq ComplianceGlobeNewswire
- AgriFORCE Announces Evolution of Business Model to Follow Bitcoin Mining Facility Acquisition [Canadian Business Journal (Canada)]Canadian Business Journal
AGRI
Sec Filings
- 11/29/24 - Form 8-K
- 11/22/24 - Form DEFA14A
- 11/21/24 - Form DEFA14A
- AGRI's page on the SEC website