AgriFORCE signs MOU to acquire stake in payment services provider

VANCOUVER/WEST PALM BEACH - AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI), currently trading at $0.71 with a market capitalization of $2 million and down over 90% in the past year, announced Wednesday it has entered into a non-binding Memorandum of Understanding to acquire a minority stake in an international regulated payments services provider.

The digital infrastructure company said the partnership is expected to close in the coming months, though financial terms were not disclosed. According to InvestingPro data, the company operates with a concerning current ratio of 0.34, indicating potential liquidity challenges.

According to the company’s press release statement, the potential acquisition aligns with AgriFORCE’s strategy to integrate Bitcoin mining operations with financial infrastructure. The partnership would enable Bitcoin-to-fiat conversion, treasury management tools, and cross-border payment capabilities.

AgriFORCE currently operates modular Bitcoin mining sites in Alberta and Ohio that convert stranded natural gas into computing power for cryptocurrency mining.

"This MOU is a critical next step toward our vision—it connects our modular mining assets directly to compliant financial infrastructure," said Jolie Kahn, CEO of AgriFORCE, in the announcement.

The company indicated it plans to hold up to 50% of its self-mined Bitcoin while utilizing hedging tools if the deal is completed.

As a non-binding agreement, the MOU represents preliminary terms that may change before a definitive agreement is reached, and there is no guarantee the transaction will be completed as described.

AgriFORCE describes itself as operating at the intersection of clean energy, Bitcoin mining, and digital infrastructure through its TerraHash Digital division. InvestingPro analysis reveals 20+ additional key insights about AGRI’s financial health and market position. Subscribers can access detailed metrics, Fair Value estimates, and comprehensive financial analysis tools to make informed investment decisions.

In other recent news, AgriFORCE Growing Systems Ltd. has made notable advancements in its Power & Compute Initiative in Alberta, focusing on bitcoin mining operations. The company reported mining 8.67 Bitcoin, valued at approximately $1.1 million, as Bitcoin reached an all-time high of $123,165. AgriFORCE has activated a 425 kW energy module at its Berwyn facility, which is now actively generating Bitcoin daily. Additionally, the company has installed mining equipment at its future Oyen site for load testing, marking progress in its expansion plans. AgriFORCE’s new growth strategy is centered on bitcoin treasury development, modular compute infrastructure, and integration with off-grid energy systems. The company plans to allocate up to 50% of raised capital toward bitcoin purchases and retain up to 50% of mined Bitcoin in a long-term treasury. These developments are part of a binding Letter of Intent with BlueFlare Energy Solutions Inc. AgriFORCE’s initiatives highlight its commitment to capitalizing on the digital asset market.

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