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 Ltd. Supercharges Growth with Robust Financing, Strategic Acquisitions, and Potential for Unprecedented Operational Excellence