AgriFORCE Growing Systems Combines Bitcoin Mining and Agriculture to Drive Sustainable Solutions
December 05 2024 - 8:00AM
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), an intellectual
property-driven technology leader, is proud to announce the launch
of sustainable agricultural operations at its newly acquired
Bitcoin mining facility in Sturgeon County, Alberta, Canada. By
harnessing the excess heat and carbon emissions from Bitcoin
mining, AgriFORCE is pioneering a novel approach to promote
agricultural productivity while reducing environmental impact.
The facility, powered by an on-site generator, utilizing flared
gas, integrates carbon capture and heat reuse technologies to
support the cultivation of premium crops and aquaculture. Targeted
products include white-legged shrimp, nutrient-dense micro-greens,
and high-demand red seaweed—key contributors to food security and
economic development in the region. These sustainable practices are
designed to offset the greenhouse gas emissions associated with
high-energy Bitcoin mining, demonstrating a model for future
growth.
David Welch, AgriFORCE Chairman, emphasized the significance of
this integrated approach: “Agriculture and energy are inextricably
linked, and this facility epitomizes how innovation can bridge the
gap between these sectors. By transforming exhaust heat and carbon
into resources for agricultural production, we are creating a
symbiotic system that benefits both the environment and the
community. This is a true testament to our commitment to
sustainability and forward-thinking solutions.”
Jolie Kahn, AgriFORCE CEO, highlighted the scalability and
economic potential of this model: “Our Sturgeon County facility
demonstrates how stranded gas assets and modular systems like
Bitcoin mining can be repurposed to generate multiple revenue
streams. This approach not only has potential to strengthen our
balance sheet but also creates tangible benefits for the local
community. By coupling innovative agribusiness with high-energy
operations, we’re redefining sustainability in ways that can be
replicated globally.”
With this milestone, AgriFORCE underscores its commitment to
merging cutting-edge technology with sustainable practices to
address critical challenges in energy and food production.
ABOUT AGRIFORCEAgriFORCE Growing Systems Ltd.
(NASDAQ: AGRI) is dedicated to revolutionizing agriculture and food
systems through innovative technology and sustainable practices. By
integrating intellectual property, advanced technology, and deep
industry expertise, AgriFORCE delivers solutions that drive value
for shareholders and the communities it serves. Learn more
at www.agriforcegs.com.
Follow AgriFORCE on Twitter: @agriforcegsFollow AgriFORCE
on Facebook: AgriFORCE Growing Systems Ltd.Connect with
AgriFORCE on LinkedIn: AgriFORCE Growing Systems Ltd.
Forward-Looking Statements
This press release includes forward-looking statements that are
subject to risks and uncertainties. These statements reflect
AgriFORCE’s current expectations and are based on information
available as of the date hereof. For more information, please refer
to the company’s filings with the SEC.
Investor Relations:
Richard Wong, CFOrwong@agriforcegs.com
CORE IRinvestorrelations@agriforcegs.com
AgriFORCE Growing Systems (NASDAQ:AGRIW)
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