NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Radical Clean Solutions Ltd. (“Radical” or the “Company”), a Nevada corporation headquartered on Long Island, New York, today announced that it has formally notified AgriForce Growing Systems Ltd. (Nasdaq: AGRI) (“AgriForce”) of the termination of the previously executed asset purchase agreement dated August 16, 2024. The termination was based on what Radical alleges to be multiple material breaches of the agreement by AgriForce. These alleged breaches include: Fai ...

Vancouver, British Columbia and West Palm Beach, FL, May 28, 2025 (GLOBE NEWSWIRE) -- AgriForce Growing Systems Ltd. (“AgriForce” or the “Company”) (NASDAQ: AGRI), a diversified infrastructure and technology company focused on agricultural and energy innovation, today announced the strategic expansion of its heat reuse network across multiple agricultural sites in the United States and Canada. This milestone marks a transformative shift in the Company’s operations, where heat is no longer a byproduct — it i ...

Core Insights - AgriFORCE Growing Systems Ltd. is participating in Bitcoin 2025, the largest Bitcoin conference, highlighting its commitment to innovation and sustainability in the digital infrastructure sector [1][2][3] Company Participation - CEO Jolie Kahn will attend four exclusive events hosted by BitGo, emphasizing her influence as one of the few female CEOs in the Bitcoin mining industry [2][3] - AgriFORCE's presence at Bitcoin 2025 aligns with the recent launch of its TerraHash Digital division, which focuses on energy-efficient Bitcoin mining campuses [3][4] Strategic Goals - The company aims to lead in building sustainable and inclusive infrastructure for Bitcoin mining, contributing to both decentralized computing and clean energy reuse [3][4] - AgriFORCE's TerraHash Digital division is designed to support sustainable food production alongside Bitcoin mining operations [4] Event Details - The events include the BitGo High Roller Summit, a networking experience for top-tier institutions, and the 2025 Women of Bitcoin Brunch, celebrating women's contributions in the Bitcoin industry [6]

Core Insights - AgriForce Growing Systems Ltd. has launched a new division, TerraHash Digital, aimed at developing scalable and energy-efficient Bitcoin mining campuses and digital infrastructure solutions [1][2] - The launch coincides with Bitcoin 2025, the largest Bitcoin conference, where the company will present its strategic roadmap and development priorities [2][3] - The CEO of AgriForce emphasized the importance of combining smart energy strategies and decentralized computing to capture long-term value in the digital economy [3] Company Overview - AgriForce is a technology company focused on innovation at the intersection of agriculture, clean energy, and digital infrastructure [5] - The TerraHash Digital division aims to create high-performance Bitcoin mining campuses that support decentralized compute networks while promoting clean energy reuse and sustainable food production [5] Strategic Focus - TerraHash Digital is part of AgriForce's mission to integrate clean energy and sustainable technologies within the Bitcoin ecosystem [4] - The division is designed to scale responsibly, maximizing profitability while delivering community and environmental benefits [5] Infrastructure and Technology - The company plans to implement vertically integrated mining, controlling land, power procurement, and infrastructure deployment [6] - It aims to utilize low-cost power solutions, including stranded natural gas and flare mitigation [6] - The division will focus on post-halving optimization to ensure uptime reliability and sustained hashrate in a high-difficulty environment [6] - Future innovations may include thermal energy reuse for food production and ESG-aligned colocation zones [6]

Core Insights - AgriFORCE Growing Systems Ltd. is participating in Bitcoin 2025, focusing on agricultural and digital energy innovation [1][4] - CEO Jolie Kahn will discuss the impact of AI, demand response, and heat reuse on Bitcoin mining efficiency [2][3] Company Overview - AgriFORCE is a technology company addressing challenges in agriculture, digital infrastructure, and environmental innovation [5] - The company emphasizes energy-efficient operations and long-term value creation through proprietary infrastructure strategies and clean energy deployment [5] Event Details - The Bitcoin 2025 Conference will take place from May 27–29, 2025, in Las Vegas, attracting stakeholders from blockchain, energy, and digital infrastructure sectors [4] - Jolie Kahn's panel discussion is scheduled for May 28, 2025, at 12:00 PM, focusing on innovative strategies in the Bitcoin mining sector [3]

Core Insights - AgriForce Growing Systems Ltd. has completed the final installation of 500 Bitmain S19j Pro 100T Bitcoin mining machines at its mining facility in East Palestine, Ohio [1] - The company aims to surpass one exahash in hashrate during Q2 of 2025, indicating progress towards this goal in the current calendar quarter [2] - AgriForce is focused on addressing challenges in agriculture, digital infrastructure, and environmental innovation, emphasizing energy-efficient operations and sustainable growth [3] Company Overview - AgriForce Growing Systems Ltd. is a technology company committed to creating long-term value through proprietary infrastructure strategies and clean energy assets [3]

Core Insights - AgriForce Growing Systems Ltd. has completed the installation of 500 Bitmain S19j Pro 100T Bitcoin mining machines at its East Palestine, Ohio facility, marking a significant operational milestone in its Bitcoin mining strategy [1][2][3] Group 1: Operational Capacity - The new installation will add 50 petahash per second (PH/s) to AgriForce's operations, increasing the total active hashrate to 130 PH/s across two sites in Ohio [2][3] - The facility is designed to handle a power draw of 1.475 megawatts (MW) while utilizing efficient load balancing across its 2 MW capacity [3] Group 2: Strategic Goals - The company aims to surpass one exahash in hashrate by Q2 of 2025, demonstrating its commitment to aggressive and capital-efficient scaling [4] - The successful installation reflects the company's logistical coordination and focus on rapid deployment of hashpower [3][4] Group 3: Company Overview - AgriForce is a technology company focused on addressing challenges in agriculture, digital infrastructure, and environmental innovation, emphasizing energy-efficient operations and sustainable growth [4]

Acquisitions and Investments - The company has completed two acquisitions in the sustainable Bitcoin mining industry, now operating three facilities with a total of 1,120 BITMAIN Antminer S19j units[162]. - The acquisition of Radical Clean Solutions, Inc. was completed, increasing the company's ownership from 14% to 100%, allowing full control over RCS[196]. - The acquisition of a bitcoin mining facility in Alberta, Canada, was completed for $1.5 million, enhancing the Company's operational capabilities[207]. - A second acquisition in Ohio was made for $4.55 million, including 900 S-19 J Pro BITMAIN Antminers, with a power purchase agreement at $0.04 per kWh[208]. - The Company has entered into a $50 million financing facility with institutional investors, utilizing part of the first tranche for acquisitions[216]. - Net cash used in investing activities was $4,765,000 for the acquisition of Bald Eagle Bitcoin Mining[240]. Financial Performance - The Company reported gross sales of $71,162 from the sale of 12 hydroxyl generating devices for the three months ended March 31, 2025, with no sales recorded in the same period of 2024[231]. - Operating expenses increased by $798,789 or 59% to $2,139,789 for the three months ended March 31, 2025, primarily due to increased wages and salaries, research and development, and investor relations expenses[232]. - The Company recorded a net loss of $145,455 for the three months ended March 31, 2025, with an accumulated deficit of $60,927,574 as of the same date[233]. - Net cash used in operating activities was $2,172,409 for the three months ended March 31, 2025, compared to $1,309,334 for the same period in 2024, reflecting a decrease of $863,075[237]. - The Company held $1,351,983 in cash as of March 31, 2025, an increase from $489,868 as of December 31, 2024[234]. - Net cash provided by financing activities was $8,188,000 for the three months ended March 31, 2025, compared to $1,000,000 for the same period in 2024[241]. - The Company plans to seek additional capital through debt or equity financing to fund operations over the next twelve months, raising substantial doubt about its ability to continue as a going concern[236]. - The Company experienced a significant improvement in the fair value of derivative liabilities by $3,000,680 due to conversions and stabilizing stock prices[244]. Product Development and Commercialization - The UN(THINK) Awakened Flour™ product line has been launched, providing over five times more fiber, up to two times more protein, and 23% less net carbs compared to conventional all-purpose flour[181]. - The patented CERES-MNG process allows for the production of baking flour that has 40 times more fiber, three times more protein, and 75% less net carbohydrates than standard flour[176]. - The company is advancing the commercialization of Hydroxyl clean room systems to reduce the spread of pathogens and diseases in processing facilities worldwide[189]. - The company is focusing on expanding its product range in the US and Canada while exploring international markets for its Hydroxyl devices[189]. - The company is developing several finished product prototypes, including a line of pancake mixes, which are ready for consumer testing[171]. - The Company generated its first revenue from the sale of RCS devices in late 2023 and signed an exclusive distribution agreement for the AgriFORCE/RCS hydroxyl generating devices in Mexico[197]. - The Company plans to expand its distribution network into Latin America and Asia by 2026[199]. Bitcoin Mining Operations - The Company has entered the sustainable Bitcoin mining industry, operating three facilities with a total of 1,120 BITMAIN Antminer S19j units, powered by sustainable energy[202]. - The average cost of Bitcoin mined is approximately $41,000, with specific costs of $56,000 in Alberta and $35,100 in Ohio[214]. - The Company has increased its hashrate by over 600% through recent acquisitions, positioning itself as a leader in sustainable energy and cryptocurrency innovation[217]. - The operations in Ohio are expected to create new job opportunities and enhance food security, addressing local challenges[218][219]. - The Company holds all mined Bitcoin in cold storage with BitGo, ensuring liquidity while maintaining a long-term holding strategy[211]. Technology Integration - The company plans to integrate artificial intelligence and blockchain into its FinTech systems for commercial farmers, enhancing financing capabilities[186]. - The Company is at the development stage and anticipates needing additional financing to commercialize its technology and support growth[235].

Core Insights - AgriForce Growing Systems Ltd. is participating in Bitcoin 2025, the largest gathering of Bitcoin professionals, to showcase its vertically integrated Bitcoin mining approach and infrastructure strategy focused on operational sovereignty and sustainable growth [1][2]. Company Overview - AgriForce is a diversified infrastructure and technology company focused on agriculture, energy, and digital innovation, dedicated to solving critical challenges in these sectors [4]. - The company aims to build energy-efficient operations that support long-term value creation, leveraging proprietary infrastructure strategies and clean energy assets [4]. Event Participation - At Bitcoin 2025, AgriForce will engage with investors, energy experts, miners, and infrastructure leaders, highlighting its commitment to operational innovation and decentralized computing [2][3]. - The company plans to participate in networking sessions, private meetings with institutional investors, and provide updates on its expansion and operations in Ohio and Alberta [6]. Strategic Positioning - The CEO of AgriForce emphasized the company's role in shaping energy-efficient digital infrastructure, while the CFO noted the importance of their asset-backed approach for scalability and resilience [3].

Core Insights - AgriForce Growing Systems Ltd. has successfully delivered 500 Bitmain S19j Pro 100T Bitcoin mining machines for installation at its second facility in East Palestine, Ohio, marking a significant step in its expansion strategy [1][4] - The new equipment is expected to add 50 petahash per second (PH/s) of mining capacity, bringing the total operational hashrate in Ohio to 130 PH/s, which includes the existing 80 PH/s from another facility [2][3] - The company emphasizes its competitive position in the North American Bitcoin mining sector by leveraging low-cost power agreements and vertically integrated infrastructure [3] Company Strategy - The delivery of the new machines is seen as a strategic milestone in AgriForce's scale-up roadmap, aimed at enhancing operational capacity and cost efficiency [4] - The company aims to reach a target of one exahash in total mining capacity, showcasing its commitment to growth and efficiency in converting investments into revenue-generating assets [4] - AgriForce's ability to quickly locate and install well-priced miners demonstrates its operational agility and effectiveness in optimizing success rates [4] Technical Specifications - Each Bitmain S19j Pro 100T unit has a hashrate of 100 terahash per second (TH/s) and a power consumption of approximately 2,950 watts, contributing to a total system power draw of around 1.475 megawatts (MW) for the 500 units [8] - The facility in East Palestine has a total capacity of 2 MW, allowing for optimized load balancing [8] Company Overview - AgriForce Growing Systems Ltd. is focused on addressing challenges in agriculture, digital infrastructure, and environmental innovation, with a commitment to building energy-efficient operations [5] - The company leverages proprietary infrastructure strategies and clean energy assets to drive sustainable growth and long-term value creation [5]