AgriFORCE's $4.5M Bitcoin Mining Facility: A Game-Changer for Sustainable Agriculture

AgriFORCE Growing Systems Expands into Bitcoin Mining

AgriFORCE Growing Systems (NASDAQ: AGRI) has successfully acquired a 5 MW bitcoin mining facility in Columbiana County, Ohio for $4.5 million in cash. This facility is already operational with over 900 bitcoin mining units and has the potential to scale up to 1,200 units, powered by natural gas energy sourced from flare gas.

Integrating Agriculture and Crypto

The acquisition is not just about mining; it represents a strategic move to integrate sustainable energy solutions with innovative agricultural practices. AgriFORCE plans to enhance its operations by:

• Repurposing waste heat from mining activities
• Implementing carbon capture technology

These initiatives aim to create diversified revenue streams through sustainable agricultural practices, including premium crop cultivation and aquaculture systems.

Chairman’s Vision for a Scalable Model

Chairman David Welch highlighted that this facility showcases AgriFORCE's ability to execute a scalable business model that merges cryptocurrency mining with agricultural operational efficiency. He stated:

"This facility is a testament to our ability to execute a scalable business model that delivers dual benefits—sustained revenue from cryptocurrency mining and operational cost efficiency from agricultural integration."

Financial Insights and Growth Potential

The $4.5 million acquisition raises questions due to AGRI's market cap of approximately $3.7 million. However, the facility's configuration and the use of flare natural gas offer significant cost advantages:

• Potential for substantial monthly revenue, depending on bitcoin prices and market conditions.
• 30-50% cost reduction compared to grid electricity prices.

The Dual-Use Energy Strategy

AgriFORCE's facility will utilize a dual-use energy strategy, where:

• Primary Use: Cryptocurrency mining operations
• Secondary Use: Temperature-controlled agricultural environments powered by waste heat
• Tertiary Benefit: Carbon capture technology for potential carbon credit revenue

This integrated approach could provide AgriFORCE with competitive advantages in both operating costs and environmental impact.

About AgriFORCE Growing Systems Ltd.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is dedicated to addressing challenges in agriculture, sustainability, and environmental stewardship. The company's innovative approach aims to deliver value for shareholders while benefiting communities and ecosystems.