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 (NASDAQ: AGRI) has announced significant developments in its Bitcoin strategy and operations. The company has successfully launched its first decentralized compute site in Berwyn, Alberta, featuring a 425 kW BlueFlare Energy module. AgriFORCE plans to allocate up to 50% of its capital raises for Bitcoin acquisitions and retain up to 50% of self-mined BTC for long-term holdings.
The company has deployed ~6 MW across Alberta and Ohio with exclusive access to over 50 MW of natural gas and potential expansion exceeding 100 MW. The Berwyn site, commissioned on June 17, 2025, represents the first phase of AgriFORCE's partnership with BlueFlare Energy™, with additional sites planned in Oyen and Hinton following a rapid deployment model.
ACM Research (NASDAQ: ACMR), a wafer processing solutions provider, reported strong Q1 2025 financial results with revenue of $172.3 million, up 13.2% year-over-year. The company achieved a GAAP net income of $20.4 million ($0.30 per diluted share) and maintained its 2025 revenue guidance of $850-950 million.
Key achievements include qualification of their high-temperature SPM tool by a major Chinese logic customer, customer acceptance for backside/bevel etch tool from a U.S. customer, and winning the 2025 3D InCites Technology Enablement Award. The company reported gross margin of 47.9% and ended the quarter with $498.4 million in cash and equivalents.
[ "Revenue increased 13.2% year-over-year to $172.3 million", "Strong cash position of $498.4 million, up from $441.9 million in December 2024", "Gross margin of 47.9% exceeded long-term target range of 42-48%", "Net income grew to $20.4 million from $17.4 million year-over-year", "Strategic wins including SPM tool qualification in China and U.S. customer acceptance" ]AgriFORCE Growing Systems (NASDAQ: AGRI) CEO Jolie Kahn participated in the exclusive 2025 Bitcoin Policy Summit in Washington, D.C. The invitation-only event brought together key leaders from finance, technology, energy, and policy sectors, including U.S. legislators, regulators, and agency officials.
The Summit focused on national energy strategy, digital asset regulation, and decentralized technologies in global financial systems. Through its TerraHash Digital™ platform, AgriFORCE is developing energy-efficient Bitcoin mining and data center operations while monitoring stablecoin adoption for digital trade and cross-border settlements.
AgriFORCE (NASDAQ: AGRI) has unveiled a comprehensive tri-pillar growth strategy focused on digital infrastructure and computational power. The company's strategy encompasses Bitcoin treasury development, modular compute infrastructure, and integration with off-grid energy systems.
Key highlights include: The company has mined 7 BTC (valued at $750,000) in the past seven months and plans to allocate up to 50% of capital raised toward Bitcoin purchases. AgriFORCE operates three mining campuses delivering 6 MW capacity and 0.17 EH/s hash power, targeting 1 EH/s by Q1 2026. Through partnership with BlueFlare Energy™, the company has secured 50 MW of natural gas with expansion potential in Alberta, aiming to exceed 100 MW by 2026.
AgriForce Growing Systems (NASDAQ: AGRI) has announced a strategic expansion of its heat reuse network across agricultural sites in the US and Canada, partnering with Hiveon to implement intelligent heat reuse systems. The integration with Hiveon Enterprise platform enables automated optimization of operations through real-time data analysis of thermal, agricultural, and energy metrics.
The system features customizable automation capabilities including optimized heat distribution based on crop cycles, dynamic power routing, and automated responses to external factors like energy pricing and weather patterns. The modular infrastructure supports both off-grid and grid-connected systems, enabling participation in Virtual Power Plant programs and demand response markets.
AgriFORCE Growing Systems (NASDAQ: AGRI) announced its participation in exclusive BitGo-hosted events during Bitcoin 2025 at The Venetian Resort in Las Vegas. CEO Jolie Kahn will attend four private events, including the BitGo High Roller Summit, BitGo x A&T Capital After Dark Party, BitGo Institutional Sunset Soirée, and 2025 Women of Bitcoin Brunch.
Notably, Kahn is recognized as one of the few, if not the only, female CEOs leading a publicly traded company in Bitcoin mining. The participation aligns with AgriFORCE's recent launch of TerraHash Digital™, their division focused on energy-efficient Bitcoin mining campuses, highlighting their commitment to sustainable and inclusive infrastructure development.