AVAX One Technology Ltd., formerly AgriFORCE Growing Systems Ltd., reports developments tied to its transformation into an Avalanche-focused public company and digital asset treasury business. Company news has covered the corporate name and ticker change from AGRI to AVX, the closing of PIPE financing, common-share capital structure actions, and Nasdaq listing-related matters.
Updates also address the company’s digital infrastructure activities, including TerraHash Digital, crypto mining deployments in Alberta, and initiatives at the intersection of digital assets, off-grid energy and compute infrastructure. Recurring disclosures include shareholder voting matters, governance updates, operating and financial results, and material agreements supporting the company’s post-AgriFORCE strategy.
AgriFORCE Growing Systems Ltd (Nasdaq: AGRI) announced it will change its corporate name to AVAX One Technology Ltd and begin trading under the new ticker AVX on the Nasdaq Capital Market effective at market open on November 13, 2025.
The company said there will be no change to the total number of shares outstanding or to shareholders' rights, and current shareholders are not required to take any action. The company's CUSIP has been updated to 05353F108.
The name and symbol change reflect a strategic shift toward an Avalanche digital asset treasury strategy; the company intends to build a position in AVAX tokens funded by capital raising and staking rewards.
AgriFORCE Growing Systems (Nasdaq: AGRI) announced the closing of its previously announced ~$300 million PIPE financing on Nov 5, 2025, becoming the first publicly traded company focused on the Avalanche blockchain ecosystem.
Shareholders approved the transaction at the Oct 27, 2025 annual meeting. The company says the PIPE, led by Hivemind Capital, supports a strategic shift to build an institutional-grade vehicle with regulated public-market exposure to the Avalanche network and to accumulate AVAX tokens via the PIPE proceeds plus near-term capital initiatives including an ATM program and possible institutional debt or equity offerings.
AgriFORCE Growing Systems (Nasdaq: AGRI) obtained shareholder approval to complete a transaction to transform into a Nasdaq-listed company focused on the Avalanche ecosystem and maximizing ownership of AVAX.
Key facts: ~$300 million PIPE led by Hivemind Capital; shareholder vote with over 95% of voted shares in favor; expected close on or about October 30, 2025 subject to customary closing conditions; planned rebrand to AVAX One and ticker change after closing. The company aims to hold $700 million of AVAX and may raise up to an additional $250 million via ATM, equity or institutional debt.
AgriFORCE Growing Systems (NASDAQ: AGRI) announced its transformation into AVAX One, becoming the first NASDAQ-listed company focused on Avalanche blockchain technology. The company unveiled a $550 million capital raise strategy, aiming to accumulate over $700 million worth of AVAX tokens.
Led by CEO Jolie Kahn and nominated Chairman Matt Zhang, the company's strategy includes a $300 million PIPE and plans to raise an additional $250 million through equity-linked instruments. The strategic advisory board features industry leaders Anthony Scaramucci of SkyBridge Capital and Brett Tejpaul of Coinbase Institutional.
The initiative is backed by over 50 institutional and crypto-native investors, including ParaFi, Galaxy Digital, and Digital Currency Group. The company aims to become the 'Berkshire Hathaway of the onchain financial economy' by focusing on asset accumulation and integrating fintech businesses onto the Avalanche network.
AGRIForce Growing Systems (NASDAQ:AGRI) has signed a definitive agreement with BlueFlare Energy Solutions for a 4 MW hydro-cooled mining infrastructure deployment in Alberta, Canada. The installation is expected to deliver 250 Ph/s of hash rate capacity within 90-120 days after AGRIForce's commitment payment of USD $415,000 plus GST.
The company secured favorable energy costs at USD $0.045/kWh under a three-year term. With this expansion, AGRIForce will operate three active mining sites in Alberta with a combined projected capacity of nearly 286 Ph/s. The initiative aligns with AGRIForce's strategy to build a crypto treasury, expand compute capabilities, and monetize energy-first infrastructure.
AgriFORCE Growing Systems (NASDAQ: AGRI) has announced a 1-for-9 reverse stock split of its common shares, effective July 28, 2025. The company's Board of Directors approved this measure following shareholder authorization received on June 6, 2025.
The reverse split will reduce AGRI's outstanding shares from 7,851,398 to approximately 872,377. This strategic move is specifically implemented to meet Nasdaq's minimum bid price requirements under Listing Rule 5550(a)(2), aiming to maintain the company's listing status.
AgriFORCE (NASDAQ:AGRI) has signed a non-binding MOU to acquire a minority stake in an international regulated payments services provider. This strategic move aims to enhance the company's digital treasury capabilities and Bitcoin infrastructure.
The partnership will enable key functionalities including BTC-to-fiat conversion, treasury management tools, compliant payment flows with KYC/KYB governance, and cross-border payout capabilities. AgriFORCE plans to hold up to 50% of self-mined BTC while implementing hedging tools and optimizing liquidity.
The initiative aligns with AgriFORCE's three-pillar strategy of gas-to-Bitcoin mining operations, BTC treasury building, and scalable finance infrastructure development, with active mining sites in Alberta and Ohio.
AgriFORCE Growing Systems (NASDAQ:AGRI) has entered into a Memorandum of Understanding to acquire a 4.49% minority stake in VASU International Payment Solutions, a Philippines-based Global Payment Services Provider. The transaction, valued at $1.12 million ($381,650 in cash and $740,850 in restricted stock), is expected to close in September 2025.
This strategic investment positions AgriFORCE to potentially enter the stablecoin-based payments infrastructure sector, following the recent signing of the GENIUS Act by President Trump. The legislation establishes regulatory frameworks for stablecoin issuance and governance, requiring issuers to maintain high-quality reserve assets and comply with strict regulatory standards.
VASU's existing infrastructure supports global remittance facilitation, wallet-level KYC/AML requirements, and multilateral exchange access across Asia, Africa, MENA, and LATAM markets.
AgriFORCE Growing Systems (NASDAQ:AGRI) has reported significant progress in its Power & Compute Initiative in Alberta, focusing on Bitcoin mining operations and treasury strategy. The company has successfully mined 8.67 BTC (approximately $1.1 million USD) amid Bitcoin's recent all-time high of $123,165.
Key developments include executing an LOI with BlueFlare Energy™ for a 1.3 MW modular deployment, activating Phase 1 in Berwyn with 425 kW capacity and 105 Bitmain units, and planning Q3 deployments in Oyen and Hinton. The company is also exploring stablecoin integration for payments and treasury management while leveraging Alberta's regulatory incentives and environmental programs.
AgriFORCE (NASDAQ:AGRI) has successfully launched its first decentralized compute site in Berwyn, Alberta, marking a significant advancement in its digital infrastructure strategy. The site, developed under a LOI with BlueFlare Energy, transforms stranded natural gas into productive compute capacity for digital asset generation.
The facility features a 425 kW BlueFlare Energy module and is part of AgriFORCE's broader deployment of 6 MW of power infrastructure across Alberta and Ohio. The company has exclusive access to over 50 MW of natural gas and a pipeline exceeding 100 MW.
AgriFORCE's digital reserve strategy includes allocating up to 50% of net capital inflows to strategic digital asset purchases and retaining up to 50% of internally generated output for long-term holdings. Future applications may include AI inference workloads, edge computing, and secure off-grid compute solutions.