AgriFORCE Growing Systems has signed a Letter of Intent to purchase a Bitcoin mining facility in Alberta, Canada, marking its strategic entry into cryptocurrency operations. The facility features 1.2MW capacity powered by captured flare gas at an estimated cost of four cents Canadian per kWh, positioning the company for immediate cash flow generation.The company plans to integrate its proprietary Controlled Environment Agriculture (CEA) technology at the facility to capture carbon exhaust for sustainable agriculture, aiming to generate additional value through carbon offsets and credits. As part of this strategic shift, AgriFORCE intends to allocate 10-20% of future capital raised to purchase and hold Bitcoin.CEO Jolie Kahn, leveraging her experience as general counsel to a Bitcoin mining company, emphasizes this move as part of their broader strategy to pursue sustainable technology opportunities. The transaction is expected to complete in the coming weeks, representing the company's first venture into the crypto space while maintaining focus on environmental sustainability.

AgriFORCE Growing Systems has signed a Letter of Intent to purchase a Bitcoin mining facility in Alberta, Canada, marking its strategic entry into cryptocurrency operations. The facility features 1.2MW capacity powered by captured flare gas at an estimated cost of four cents Canadian per kWh, positioning the company for immediate cash flow generation.The company plans to integrate its proprietary Controlled Environment Agriculture (CEA) technology at the facility to capture carbon exhaust for sustainable agriculture, aiming to generate additional value through carbon offsets and credits. As part of this strategic shift, AgriFORCE intends to allocate 10-20% of future capital raised to purchase and hold Bitcoin.CEO Jolie Kahn, leveraging her experience as general counsel to a Bitcoin mining company, emphasizes this move as part of their broader strategy to pursue sustainable technology opportunities. The transaction is expected to complete in the coming weeks, representing the company's first venture into the crypto space while maintaining focus on environmental sustainability.