AgriForce Growing Systems Ltd. (NASDAQ: AGRI) has issued a clarification regarding its Bitcoin mining operations at its East Palestine, Ohio facility. The company is currently completing the final installation of 500 Bitmain S19j Pro 100T Bitcoin mining machines that were previously delivered. The clarification specifically addresses a statement from CFO Chris Polimeni about reaching one exahash, revising it to indicate that the company is beginning its journey toward achieving its one exahash goal during the current calendar quarter (Q2 2025).
AgriForce Growing Systems Ltd. (NASDAQ: AGRI) ha rilasciato un chiarimento riguardo alle sue operazioni di mining di Bitcoin presso la struttura di East Palestine, Ohio. L'azienda sta completando l'installazione finale di 500 macchine per il mining di Bitcoin Bitmain S19j Pro 100T precedentemente consegnate. Il chiarimento riguarda in particolare una dichiarazione del CFO Chris Polimeni sul raggiungimento di un exahash, precisando che l'azienda sta iniziando il percorso per raggiungere questo obiettivo durante l'attuale trimestre solare (Q2 2025).
AgriForce Growing Systems Ltd. (NASDAQ: AGRI) ha emitido una aclaración sobre sus operaciones de minería de Bitcoin en su instalación de East Palestine, Ohio. La compañía está completando la instalación final de 500 máquinas de minería de Bitcoin Bitmain S19j Pro 100T que fueron entregadas previamente. La aclaración se refiere específicamente a una declaración del CFO Chris Polimeni sobre alcanzar un exahash, revisándola para indicar que la empresa está comenzando su camino hacia la meta de un exahash durante el trimestre calendario actual (Q2 2025).
AgriForce Growing Systems Ltd. (NASDAQ: AGRI)는 오하이오주 이스트 팔레스틴 시설에서의 비트코인 채굴 운영에 대해 설명을 발표했습니다. 회사는 이전에 배송된 500대의 Bitmain S19j Pro 100T 비트코인 채굴기의 최종 설치를 완료하고 있습니다. 이번 설명은 CFO 크리스 폴리메니의 1 엑사해시 도달 발언에 대해, 회사가 현재 회계 분기(Q2 2025) 동안 1 엑사해시 목표 달성을 향한 여정을 시작하고 있음을 명확히 하는 내용입니다.
AgriForce Growing Systems Ltd. (NASDAQ: AGRI) a publié une clarification concernant ses opérations de minage de Bitcoin dans son installation à East Palestine, Ohio. La société est en train de finaliser l'installation de 500 machines de minage Bitcoin Bitmain S19j Pro 100T qui avaient été livrées précédemment. La clarification concerne spécifiquement une déclaration du CFO Chris Polimeni sur l'atteinte d'un exahash, précisant que l'entreprise commence son parcours pour atteindre cet objectif au cours du trimestre civil en cours (T2 2025).
AgriForce Growing Systems Ltd. (NASDAQ: AGRI) hat eine Klarstellung zu seinen Bitcoin-Mining-Aktivitäten in seiner Einrichtung in East Palestine, Ohio, veröffentlicht. Das Unternehmen schließt derzeit die Endinstallation von 500 Bitmain S19j Pro 100T Bitcoin-Mining-Maschinen ab, die zuvor geliefert wurden. Die Klarstellung bezieht sich speziell auf eine Aussage des CFO Chris Polimeni zum Erreichen eines Exahashs und korrigiert diese dahingehend, dass das Unternehmen im aktuellen Kalenderquartal (Q2 2025) seine Reise zur Erreichung dieses Ziels beginnt.
Positive
Expansion of Bitcoin mining operations with 500 new miners being installed
Progress towards one exahash mining capacity goal
Strategic diversification into digital energy and cryptocurrency mining
Negative
Clarification needed to correct earlier statement about surpassing one exahash
Actual mining capacity will be lower than initially suggested
Vancouver, British Columbia and West Palm Beach, FL, May 20, 2025 (GLOBE NEWSWIRE) -- AgriForce Growing Systems Ltd. (“AgriForce” or the “Company”) (NASDAQ: AGRI), a diversified technology and infrastructure firm focused on digital energy innovation, issued a press release this morning announcing that final installation of the previously delivered 500 Bitmain S19j Pro 100T Bitcoin mining machines is now being completed at its East Palestine, Ohio mining facility.
In this press release, there is a quote from Chris Polimeni, CFO, indicating surpassing one exahash in Q2 of 2025. The Company is clarifying the quote to indicate that it is commencing on its path to meet its one exahash goal in the current calendar quarter.
About AgriFORCE Growing Systems Ltd.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a forward-thinking technology company committed to addressing major challenges in agriculture, digital infrastructure, and environmental innovation. The Company focuses on building energy-efficient operations that support long-term value creation, leveraging proprietary infrastructure strategies and clean energy assets to drive sustainable growth.
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, expectations regarding hashrate expansion, energy efficiency, timelines, and financial or operational performance. Forward-looking statements are identified by words such as “may,” “will,” “expect,” “anticipate,” “estimate,” and other similar expressions. These statements are subject to risks, uncertainties, and other factors, many of which are beyond AgriForce’s control. Readers should not place undue reliance on these statements and are encouraged to review the Company’s filings with the SEC for further information, including risk disclosures.
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