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VANCOUVER and WEST PALM BEACH - AgriForce Growing Systems Ltd. (NASDAQ: AGRI), a micro-cap technology company with a market capitalization of $2.66 million, has announced the launch of TerraHash Digital™, its new division dedicated to Bitcoin mining and digital infrastructure solutions. According to InvestingPro analysis, the company is currently trading below its Fair Value, despite facing significant financial challenges with a weak financial health score. The announcement was made on the opening day of the Bitcoin 2025 conference in Las Vegas, Nevada, where the company is set to present its strategic vision and development priorities.
TerraHash Digital™ aims to establish scalable and energy-efficient Bitcoin mining campuses by leveraging smart energy strategies and infrastructure ownership. The division is also focused on developing infrastructure that can withstand the high-difficulty environment expected post-Bitcoin halving events. This strategic move comes as the company faces substantial cash burn rates and liquidity challenges, with a current ratio of 0.34, as revealed by InvestingPro data.
Jolie Kahn, CEO of AgriForce, emphasized the division’s commitment to a long-term strategy in the digital economy, combining decentralized computing with smart energy and infrastructure ownership. Chris Polimeni, CFO of AgriForce, highlighted the dual-purpose utility of TerraHash Digital™, which includes heat recapture and sustainable food production alongside Bitcoin mining operations.
The strategic pillars of TerraHash Digital™ include vertically integrated mining, low-cost power solutions using underutilized assets, and infrastructure innovation that looks towards thermal energy reuse and ESG-aligned colocation zones.
This move aligns with AgriForce’s broader mission to integrate clean energy, digital infrastructure, and sustainable technologies. The company is known for pioneering innovations at the crossroads of agriculture and clean energy, with a focus on creating real-world utility and measurable community and environmental benefits.
The information for this article is based on a recent press release statement by AgriForce Growing Systems Ltd. While analysts project significant revenue growth of over 5,000% for the current year, InvestingPro offers 18 additional investment tips and comprehensive financial metrics to help investors make informed decisions about AGRI’s future prospects.
In other recent news, AgriForce Growing Systems Ltd. has completed an expansion of its Bitcoin mining operations in East Palestine, Ohio. The installation of 500 Bitmain S19j Pro 100T mining machines has increased the company’s operational capacity by 50 petahash per second, bringing the total hashrate to 130 PH/s. This expansion is part of AgriForce’s strategy to scale its Bitcoin mining operations and is expected to enhance cost efficiency. Additionally, the company disclosed preliminary data indicating that the average cost to mine one Bitcoin is approximately $41,000, with costs varying between its Alberta and Ohio facilities.
In executive developments, Barrett Mooney has resigned as Chief Operating Officer, and equity securities were issued to two executive officers in lieu of cash compensation. AgriForce has also adjusted the fixed conversion price of its January 2025 Debentures to $1.90, deferring the May 1, 2025, amortization payment. Furthermore, the company announced a change in its independent registered public accounting firm from Marcum LLP to CBIZ CPAs P.C. This transition follows Marcum’s resignation after its acquisition by CBIZ CPAs P.C.
AgriForce’s ongoing efforts in digital energy innovation and efficient operations continue to position the company as a competitive player in the North American Bitcoin mining sector.
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