AgriFORCE Growing Systems .(AGRI)

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AgriFORCE Growing Systems Announces Key Developments in Its Radical Clean Solutions (RCS) Division
Newsfilter· 2025-03-11 17:30
Core Insights - AgriFORCE Growing Systems Ltd. has made significant advancements in its Radical Clean Solutions (RCS) division, which was acquired in August 2024 [1] - The RCS division has received a U.S. patent for its innovative agricultural integrated systems designed for Radicals Hydroxyl generation units, providing a chemical-free solution for growers [2] - The technology aims to reduce mold, viruses, and volatile organic compounds (VOCs), while also extending the shelf life of produce by lowering ethylene levels [2][3] 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 [4] - The company aims to deliver value for shareholders while creating lasting benefits for communities and ecosystems [4] Future Developments - The founder of RCS indicated that multiple patents have been applied for, with expectations for several additional patents to be approved in the coming months [3]
AgriFORCE Growing Systems Ltd. Announces Purchase Orders for RCS Devices
Globenewswire· 2025-03-05 14:46
Core Insights - AgriFORCE Growing Systems Ltd. has made significant advancements in its Radical Clean Solutions (RCS) division, including a new distribution agreement in South America and initial purchase orders in the Caribbean, indicating a strategic expansion into international markets [1][2]. Group 1: Business Developments - The company has signed a distribution agreement in South America and received its first purchase order, marking a strategic milestone for RCS [1]. - RCS has secured its first two purchase orders in the Caribbean, specifically for Barbados and St. Lucia, showcasing strong interest from various regions [2]. Group 2: Leadership Statements - Barrett Mooney, the Chief Operating Officer, emphasized the company's efforts to enhance RCS's sales and manufacturing capabilities and expressed enthusiasm for new product offerings and partnerships [3]. Group 3: 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 [3].
AgriFORCE Growing Systems Ltd. Announces Chief Financial Officer Transition
Globenewswire· 2025-03-04 13:30
Core Insights - AgriFORCE Growing Systems Ltd. has announced the amicable conclusion of Chief Financial Officer Richard Wong's contract, with Chris Polimeni appointed as his successor [1][3] - Richard Wong is recognized for his six years of service, including significant contributions to the company's Nasdaq IPO and strategic development [2][3] - Chris Polimeni brings over 30 years of financial and operational expertise, having previously served as President and CEO of a financial consulting firm and CFO/COO of Accelerate360 Holdings [3][4] Company Transition - The transition of CFO is described as a mutual decision aimed at ensuring a smooth handover while maintaining the company's focus on sustainable Bitcoin mining and agriculture [1][3] - Richard Wong will continue to support the company in an advisory role during the transition period [1] Leadership Statements - CEO Jolie Kahn expressed gratitude towards Richard Wong for his contributions and emphasized the importance of this transition for the company's future [3] - Chris Polimeni expressed enthusiasm about joining AgriFORCE and aims to drive financial excellence and operational efficiency [4] - David Welch, Chairman of the Board, highlighted Polimeni's expertise in U.S. financial reporting as a valuable asset for the company's strategy [4] Company Overview - AgriFORCE Growing Systems Ltd. is focused on addressing challenges in agriculture and sustainability through advanced technologies and innovative business models [5]
AgriFORCE Growing Systems Reports Upon Progress in its Radical Clean Solutions (RCS) Division
Globenewswire· 2025-02-25 14:15
Core Insights - AgriFORCE Growing Systems Ltd. has announced significant developments in its Radical Clean Solutions (RCS) division, which was acquired in August 2024 [1] - The RCS division has successfully delivered initial units from a major European purchase order in 2025, establishing a strong presence in the European market [2] - The company has received its first two purchase orders from the Caribbean Basin, including a consignment order for RCS units in Barbados and St. Lucia, indicating an expansion of its global footprint [3] - The RCS division is actively expanding its product catalog and market reach in Western Europe, Latin America, the Caribbean Basin, and the Middle East [3] - The Chief Operating Officer of AgriFORCE highlighted the focus on enhancing sales and manufacturing efficiency, as well as the introduction of new product offerings [3] - AgriFORCE is dedicated to addressing critical challenges in agriculture, sustainability, and environmental stewardship through advanced technologies and innovative business models [4]
AgriFORCE Growing Systems Ltd. to Present at “Digital Assets 2025: To Bitcoin and Beyond” Virtual Conference Hosted by Maxim Group LLC
Globenewswire· 2025-02-10 13:00
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]
AgriFORCE Growing Systems Optimizes Sturgeon, Alberta Facility with New BITMAIN Antiminer S19kPro Miners Amid Favorable Market Dynamics
Globenewswire· 2025-02-06 16:54
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]
AgriFORCE Growing Systems Ltd. Supercharges Growth with Robust Financing, Strategic Acquisitions, and Potential for Unprecedented Operational Excellence
Newsfilter· 2025-02-04 14:32
Core Insights - AgriFORCE Growing Systems Ltd. has transformed into a fully operational bitcoin mining and agtech company within a 75-day period, establishing diversified revenue streams and setting new industry benchmarks for growth and innovation in Canada and the U.S. [1] Operational Developments - The company operates three strategically located sites in Ohio and Alberta with a combined installed capacity of 5 MW, achieving a more than 600% increase in hashrate since the start of operations at its Sturgeon, Alberta facility [2] - AgriFORCE's collective hashrate is 18 PH/s, producing approximately 0.057 BTC per day with a miner count of 1,120 and an energy cost of $0.04 per kWh [7] Strategic Acquisitions - AgriFORCE acquired a 5 MW bitcoin mining facility in Columbiana County, Ohio, for $4.5 million, which is powered by natural gas flare energy and currently operates over 900 bitcoin mining units, with potential expansion to 1,200 units [3] Financial Backing - The company secured the first tranche of up to $50 million in financing from institutional investors, with an initial $7 million deployed for recent acquisitions, supporting aggressive expansion plans and the integration of sustainable technologies [4] Leadership Vision - CEO Jolie Kahn emphasized the company's rapid growth and innovative approach, highlighting the strategic acquisition of assets in Ohio and the integration of sustainable agricultural initiatives, aiming to redefine the intersection of cryptocurrency mining and environmental stewardship [5][6]
AgriFORCE Growing Systems Comments on 600% Growth in Mining Capabilities and Legislation Initiatives
Newsfilter· 2025-01-29 16:30
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]
AgriFORCE Growing Systems Secures Acquisition of Bitcoin Mining Facility in Columbiana County, Ohio
Globenewswire· 2025-01-23 14:15
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]
AgriFORCE Growing Systems Appoints Dr. Barrett Mooney as its COO, Strengthening Commitment to Technological Innovation in Sustainable Agriculture and Cryptocurrency Mining
Globenewswire· 2025-01-21 14:25
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].