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Investing.com -- AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) stock surged 12.1% premarket Wednesday after announcing a definitive agreement with BlueFlare Energy Solutions for a 4 MW mining infrastructure deployment in Alberta, Canada.
The agreement, which follows a previously announced binding Letter of Intent, will provide approximately 250 Ph/s of hash rate capacity once fully operational. The company secured a competitive energy cost of $0.045/kWh under a three-year term, with BlueFlare Energy handling operations and maintenance. AgriFORCE will provide a commitment fee of $415,000 plus GST this Friday, with the installation expected to become operational within 90-120 days.
This expansion adds to AgriFORCE’s existing mining operations at its Berwyn site. With this new agreement, the company will operate three active mining sites in 2025, with a combined projected capacity of nearly 286 Ph/s.
The initiative aligns with AgriFORCE’s strategy to build a crypto treasury, expand modular compute capabilities, and monetize energy-first infrastructure using underutilized flared natural gas resources.
Jolie Kahn, CEO of AgriFORCE, stated that the agreement represents "a major step forward in our digital infrastructure roadmap" and positions the company to "scale efficiently and strengthen its long-term Bitcoin mining platform."
The company provided illustrative production estimates for its Alberta operations, projecting between 3.67 and 6.11 BTC per month at 95% uptime, depending on network hashrates ranging from 600 to 1,000 EH/s.
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