Company Description
AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) has evolved into a technology-focused company operating at the intersection of digital infrastructure, clean energy, and digital assets. According to recent company disclosures and SEC filings, AgriFORCE has pursued a strategy centered on energy-led compute platforms, Bitcoin mining, and a digital asset treasury, while also transitioning toward a new identity as AVAX One Technology Ltd. with a focus on the Avalanche (AVAX) blockchain ecosystem.
In its public communications, the company describes itself as a digital infrastructure and energy-first technology business. Through its TerraHash Digital™ division, AgriFORCE builds and operates decentralized computing platforms powered by off-grid, emissions-tracked natural gas systems. These modular, mobile deployments are designed to convert underutilized or stranded natural gas into power for high-efficiency compute environments used for Bitcoin mining and other digital workloads. The company has referenced operations in Alberta, Canada and other regions where natural gas resources can support off-grid compute sites.
AgriFORCE has also articulated a broader Power & Compute Initiative, which it characterizes as a three-pillar strategy. Public statements describe these pillars as: deploying gas-to-Bitcoin mining sites, building a Bitcoin-denominated treasury, and preparing scalable financial infrastructure to support digital asset activities. This includes modular mining activations, the accumulation of self-mined Bitcoin, and the exploration of stablecoin-based payment rails and treasury tools.
Transition toward AVAX One and Avalanche exposure
Beginning in 2025, AgriFORCE announced a major strategic transformation. Company press releases and Form 8-K filings state that AgriFORCE will change its name to AVAX One Technology Ltd. and that its Nasdaq ticker symbol will change from AGRI to AVX, effective November 13, 2025. The company describes AVAX One as the first Nasdaq-listed company with a dedicated mission to provide pure-play or institutional exposure to the Avalanche ecosystem, centered on maximizing ownership of AVAX, the native token of the Avalanche network.
In connection with this shift, AgriFORCE entered into subscription agreements for a large private investment in public equity (PIPE). SEC filings dated September 22, 2025 explain that the company agreed to sell common shares to institutional and accredited investors, with purchase consideration to be paid in a mix of cash, stablecoins (USDC and USDT), and AVAX tokens. The company has stated that the AVAX tokens acquired, together with net cash proceeds, will be used to establish and manage a digital asset treasury with AVAX as a primary reserve asset.
The company also entered into an Asset Management Agreement with Hivemind Capital Partners, LLC to provide discretionary asset management services for its digital asset strategies, including the proceeds from the PIPE. Public disclosures emphasize that the company intends to use AVAX tokens as its primary treasury reserve asset on an ongoing basis, subject to its investment policy, and that its financial results and share price may be influenced by the price of AVAX.
Continuing operations and TerraHash Digital™
While pursuing the AVAX-focused treasury strategy, AgriFORCE has stated in press releases and SEC filings that it intends to continue substantive operation of its Bitcoin mining and digital infrastructure business. The TerraHash Digital™ division is described as building and operating decentralized compute platforms powered by off-grid, emissions-tracked natural gas systems. Company communications highlight Alberta deployments, including agreements for hydro-cooled power generation and mining infrastructure, and the operation of multiple mining sites with targeted hash rate capacity.
AgriFORCE has framed this model as an energy-first approach, where natural gas-based power assets support modular compute units. Public materials reference the use of underutilized or flared natural gas, and the combination of power generation, mining hardware, and operational services provided by partners. The company also describes its intent to expand modular compute capabilities and to monetize energy-led infrastructure alongside building a crypto and Bitcoin treasury.
Digital finance and payments initiatives
In addition to infrastructure and treasury activities, AgriFORCE has disclosed steps toward participation in regulated payment services and stablecoin-related infrastructure. In mid-2025, the company announced a non-binding Memorandum of Understanding to acquire a minority equity stake in VASU International Payment Solutions Inc., a Philippines-based global payment services provider holding an Operator of a Payment System registration. The company characterizes this prospective investment as a foundational step toward a compliant global financial services platform, including capabilities for fiat/crypto conversion, stablecoin settlements, and cross-border remittances.
AgriFORCE has also discussed exploring stablecoin-based payment rails for treasury management and operational uses. Public statements mention potential use of stablecoins as a treasury tool and as a core business asset, as well as interest in integrating stablecoin on/off ramps to support digital payments, payroll services, and liquidity management. These initiatives are presented as complementary to the company’s Bitcoin mining operations and AVAX-focused treasury strategy.
Corporate governance and capital structure developments
The company’s SEC filings document several governance and capital structure actions. These include a reverse stock split of its common shares, approved by shareholders and implemented to address Nasdaq listing bid price requirements. AgriFORCE has also amended its equity incentive plan to increase the number of shares issuable, and has issued restricted common shares to directors and executives as equity compensation and bonuses for prior services.
In connection with the PIPE transaction and the transition to AVAX One Technology Ltd., AgriFORCE has reported changes to its board of directors. Certain legacy directors agreed to resign upon closing of the PIPE, and new directors with backgrounds in digital assets, finance, and blockchain-related investments were appointed. The company has also entered into strategic advisor agreements with industry figures to provide guidance on digital asset and financial services sector trends.
Historical context and legacy description
Earlier descriptions of AgriFORCE referenced a focus on agricultural technology and facility design. The Polygon description notes that AgriFORCE was dedicated to transforming modern agricultural development through proprietary, patent-pending facility design and automated growing systems. More recent company communications, however, consistently describe AgriFORCE as a digital infrastructure, energy-first, and crypto-centric company, and outline a strategic transformation toward AVAX One Technology Ltd. with a primary mission related to the Avalanche ecosystem.
Key characteristics for investors
- Listing and jurisdiction: The company is incorporated in British Columbia and has been listed on the Nasdaq Capital Market under the symbol AGRI, with SEC filings indicating a ticker change to AVX following the corporate name change to AVAX One Technology Ltd.
- Business focus: Energy-led digital infrastructure, Bitcoin mining and compute platforms via TerraHash Digital™, and a digital asset treasury strategy centered on AVAX tokens and the Avalanche network.
- Treasury and capital strategy: Use of PIPE financing, at-the-market programs, and other capital raising tools to fund AVAX token acquisitions and digital asset treasury operations, alongside continued investment in mining and compute infrastructure.
- Digital finance initiatives: Minority stake MOU in a regulated payment services provider and exploration of stablecoin-based payment and treasury infrastructure.
According to its own risk disclosures, the company’s results and share price may be affected by digital asset price volatility, regulatory developments, and execution of its AVAX and digital asset strategies. Investors researching AGRI should also review filings and disclosures under the new name and ticker once the transition to AVAX One Technology Ltd. and AVX is complete.