Agriforce Stock Price, News & Analysis

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.

AgriFORCE Growing Systems (NASDAQ: AGRI) has transformed into a fully operational bitcoin mining and agtech company over a 75-day period. The company now operates three strategic sites in Ohio and Alberta with a combined 5 MW capacity, achieving a collective hashrate of 18 PH/s and producing approximately 0.057 BTC per day with 1,120 miners at an energy cost of $0.04 per kWh.

The company recently acquired a 5 MW bitcoin mining facility in Columbiana County, Ohio for $4.5 million, which currently operates over 900 bitcoin mining units with potential expansion to 1,200 units. AgriFORCE has secured the first $7 million tranche of a potential $50 million financing facility from institutional investors to support its expansion plans.

The company has recorded a 600% increase in hashrate since starting operations at its Sturgeon, Alberta facility, with only one outage day since November 30, 2024. AgriFORCE's strategy includes leveraging stranded gas assets while integrating sustainable energy and agricultural growth initiatives.

AgriFORCE Growing Systems (NASDAQ: AGRI) has reported significant growth in its bitcoin mining operations with the acquisition of a 5 MW facility in Columbiana County, Ohio. The company has increased its hashrate by over 600% in less than 60 days, demonstrating rapid expansion in its mining capabilities.

CEO Jolie Kahn announced the company's strategy to continue targeting stranded assets with scalable growth potential and plans to HODL 10% or more of their Bitcoin output. The expansion aligns with Ohio's cryptocurrency initiatives, including the proposed Ohio Bitcoin Reserve Act (HB 703), which aims to use Bitcoin as a hedge against currency devaluation.

The facility is expected to create new jobs in advanced technology and sustainable agriculture while contributing to food security in Ohio, where over 14% of households face food insecurity challenges.

AgriFORCE Growing Systems (NASDAQ: AGRI) has acquired a 5 MW bitcoin mining facility in Columbiana County, Ohio for $4.5 million in cash. The facility currently operates over 900 bitcoin mining units with capacity for 1,200 units, powered by natural gas energy from flare gas.

The strategic acquisition aims to integrate sustainable energy solutions with innovative agricultural initiatives. The company plans to enhance operations by repurposing waste heat and implementing carbon capture technology, enabling diversified revenue streams through sustainable agricultural practices, including premium crop cultivation and aquaculture systems.

Chairman David Welch emphasized that the facility demonstrates their ability to execute a scalable business model combining cryptocurrency mining revenue with agricultural operational efficiency.