Agriforce - AGRIW STOCK NEWS

AgriForce Growing Systems (NASDAQ: AGRI) has announced the successful completion of optimization at its Bitcoin mining facility in Sturgeon, Alberta. The facility is now operating at full designed capacity with 251 ASIC miners, including 81 Bitmain S19k Pro 120T, 50 Bitmain S21 XP 270T, and 120 Bitmain S19j Pro 100T Antminers.

The facility achieves a total hash rate of 35.22 PH/s (petahashes per second), broken down as follows:

• 9.72 PH/s from S19k Pro miners
• 13.50 PH/s from S21 XP miners
• 12.00 PH/s from S19j Pro miners

CEO Jolie Kahn highlighted this milestone as a significant advancement in integrating high-efficiency Bitcoin mining into AgriForce's portfolio, with plans to unveil an initial agricultural colocation project.

AgriFORCE Growing Systems (NASDAQ:AGRI) CEO Jolie Kahn will participate as a panelist at Morgan Stanley's New York City offices on March 27, 2025, discussing 'The Art of the Acquisition; Growing Your Company Using Mergers and Acquisitions'. The event, organized by the Entrepreneurs' Organization (EO), has attracted over 100 registered CEOs.

Kahn will specifically address AgriFORCE's recent acquisitions of Bitcoin mining facilities and the company's transition into the cryptocurrency space, including its impact on corporate culture, operations, and financial reporting. The discussion will be co-moderated by Richard Levychin, CPA, a Managing Partner at Galleros Robinson and AgriFORCE board director, who chairs the Audit Committee and serves on the M&A and Compensation Committees.

AgriForce Growing Systems (AGRI) has announced its participation as keynote speaker at Mining Disrupt 2025, scheduled for March 25-27 at the Broward Convention Center in Fort Lauderdale, Florida.

CEO Jolie Kahn will participate in a panel discussion on March 26th at 11:35 AM titled 'Hash Wars: Centralized vs. Decentralized Mining – Who Wins the Future of Bitcoin?' Later that day, at 3:55 PM, the company will deliver a keynote presentation focusing on their modular mining infrastructure and agricultural colocation initiatives, highlighting their approach to sustainability and energy efficiency.

AgriFORCE Growing Systems (NASDAQ: AGRI) has announced key developments in its Radical Clean Solutions (RCS) division, which was acquired in August 2024. The company has secured a U.S. patent (No. 17/713,959) for its agricultural integrated systems design focusing on Radicals Hydroxyl generation units.

The newly patented technology offers a chemical-free solution for growers to reduce mold, viruses, and volatile organic compounds (VOCs). The system can be integrated into existing heating and ventilation systems or operated independently. Additionally, it helps reduce ethylene gas levels, which slows produce ripening and extends shelf life.

According to RCS founder Roger M. Slotkin, the company has multiple patent applications pending across various sectors, with several approvals expected in the coming months.

AgriFORCE Growing Systems (Nasdaq: AGRI) has announced significant developments in its Radical Clean Solutions (RCS) division. The company has secured a new distribution agreement in South America, accompanied by its first purchase order for delivery. Additionally, RCS has received two initial purchase orders from Caribbean markets, specifically for deployments in Barbados and St. Lucia.

The company reports strong interest in its air purification solutions from Latin America, the Middle East, and the Caribbean regions. According to Barrett Mooney, AgriFORCE's Chief Operating Officer, the company has been focusing on enhancing RCS's sales and manufacturing capabilities.

AgriFORCE Growing Systems (Nasdaq: AGRI) announced a leadership transition as Chief Financial Officer Richard Wong concludes his contract by mutual agreement. Chris Polimeni has been appointed as the new CFO, effective immediately, while Wong will serve in an advisory role to ensure a smooth transition.

During his six-year tenure, Wong was instrumental in the company's Nasdaq IPO and strategic development. Polimeni brings over 30 years of financial and operational expertise, having served as President and CEO of Polimeni & Associates since 2020, and previously as Executive VP, CFO/COO of Accelerate360 Holdings for 15 years.

The transition comes as AgriFORCE continues its focus on sustainable Bitcoin mining and agriculture solutions. CEO Jolie Kahn and Chairman David Welch expressed confidence in Polimeni's ability to drive financial excellence and advance the company's transformation.

AgriFORCE Growing Systems (NASDAQ: AGRI) reported progress in its Radical Clean Solutions (RCS) division, acquired in August 2024. The company has successfully delivered initial large commercial units from a major European purchase order in 2025 through its UK-based distribution partner.

The company has also secured its first two purchase orders from the Caribbean Basin, including a consignment order for deploying RCS units in Barbados and St. Lucia. The RCS division is actively expanding its product catalog and market presence across Western Europe, Latin America, the Caribbean Basin, and the Middle East.

AgriFORCE Growing Systems (NASDAQ: AGRI) announced its participation in the upcoming 'Digital Assets 2025: To Bitcoin and Beyond' virtual conference, hosted by Maxim Group on February 12, 2025. CEO Jolie Kahn will present at the event, which explores digital asset industry evolution and 2025 regulatory changes.

The company has achieved significant operational expansion in under 90 days, operating three bitcoin mining facilities - two in Ohio and one in Alberta - with a total capacity of 5 MW. Key performance metrics include:

• 18 PH/s hashrate
• 0.057 BTC daily production
• 1,120 mining units
• $0.04/kWh energy efficiency

AgriFORCE recently completed a $4.5M acquisition of a 5 MW bitcoin mining facility in Ohio using natural gas flare energy, with 900+ active miners and expansion capacity to 1,200 units. The company also announced the opening of its US headquarters in West Palm Beach, FL, citing the area's tech and crypto-friendly business environment.

AgriFORCE Growing Systems (NASDAQ: AGRI) announced the acquisition and upcoming deployment of 220 new BITMAIN Antiminer S19kPro miners at its Sturgeon, Alberta facility, replacing 134 existing miners. This upgrade is expected to triple the facility's hashrate.

The company benefits from Alberta's cold climate, which reduces cooling costs and eliminates the need for immersion cooling. Operating in Alberta provides a 40% discount in foreign currency arbitrage compared to USD purchases, particularly advantageous given the 25% U.S. tariffs on foreign-manufactured mining equipment.

The company cites ongoing negotiations with Alberta representatives and the Trump administration as creating favorable regulatory conditions. COO Barrett Mooney emphasized their focus on asset optimization, while CEO Jolie Kahn highlighted their business model targeting immediate revenue generation through ready-to-produce assets.