Clarification: AgriForce Commences Final Installation of 500 Bitcoin Miners at East Palestine, Ohio Site

Rhea-AI Summary

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).

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.

Follow AgriFORCE on Social Media:

X: @agriforcegs

---

Forward-Looking Statements

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.

For Further Information, Please Contact:

Investor Relations
+1 (561) 717-1742
www.agriforcegs.com

FAQ

How many Bitcoin miners is AGRI installing at its East Palestine facility?

AgriForce is installing 500 Bitmain S19j Pro 100T Bitcoin mining machines at its East Palestine, Ohio facility.

What is AGRI's Bitcoin mining capacity goal for Q2 2025?

AgriForce is working towards achieving a goal of one exahash in Q2 2025, though the company clarified they are just beginning this journey.

Where is AgriForce's new Bitcoin mining facility located?

AgriForce's Bitcoin mining facility is located in East Palestine, Ohio.

What type of Bitcoin mining machines is AGRI using?

AgriForce is using Bitmain S19j Pro 100T Bitcoin mining machines.