Latest news with #AgriTech
Associated Press
2 days ago
- Business
- Associated Press
AgriFORCE (NASDAQ: AGRI) and BlueFlare Energy™ Execute Binding Letter of Intent for 1.3MW Alberta Bitcoin Mining Deployment and AGRI Reaffirms Commitment to Augment its Bitcoin Treasury Through Bitcoin Mined From These New Locations
Landmark Collaboration Marks First Execution Under AgriFORCE's Power & Compute Initiative with Modular, Efficiency-Aligned Infrastructure Across Five Alberta Sites Vancouver, British Columbia and West Palm Beach, FL, June 12, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. ('AgriFORCE' or the 'Company') (NASDAQ: AGRI), a mission-driven technology company at the forefront of agriculture, clean energy, and decentralized computing, today announced its first deployment under the Power & Compute Initiative via a binding Letter of Intent (LOI) with BlueFlare Energy™ Solutions Inc. ('BlueFlare'). The agreement outlines a deployment of 1.3 megawatts of modular, natural gas-powered Bitcoin mining infrastructure across five strategically located sites in Alberta, Canada. Deployment Overview: Five Phases Across Alberta Under the terms of the LOI, BlueFlare will lead the full-stack delivery of compute infrastructure and energy systems across the following phased sites: The total project encompasses generators and 315 Bitmain S21 Pro ASIC miners (200 TH/s per unit) and includes comprehensive site deployment, design, integration, and commissioning services. Technology Stack: Embedded Intelligence & ESG Enablement This inaugural deployment will leverage BlueFlare's proprietary platform stack to deliver intelligent and carbon-aware compute infrastructure: Complementing this is the Carbon Cube™, BlueFlare's real-time environmental telemetry system for ESG reporting, carbon credit tracking, and site-level sustainability monitoring. Strategic Execution & Exclusivity AgriFORCE has submitted a binding deposit toward the first two months of hosting and operations at the Berwyn Phase 1 site. The all-in power and hosting cost is fixed at $0.065 per kWh, excluding consumables and extraordinary repairs. The full infrastructure deployment is scheduled for completion within 90 days. AgriFORCE has secured a 90-day exclusivity window and Right of First Refusal (ROFR) on the final two phases in Hinton and future BlueFlare opportunities across Alberta and other regions. Leadership Commentary 'This project puts our Power & Compute Initiative into action with a modular, environmentally intelligent deployment across high-potential Canadian sites,' said Jolie Kahn, CEO of AgriFORCE. 'BlueFlare's integrated engineering and ESG platforms are a perfect fit for our decentralized compute vision. We're not just building hashrate—we're deploying intelligent digital assets backed by sustainable infrastructure and advanced operational visibility. The Company reaffirms its commitment to building its Bitcoin Treasury through hodling bitcoin which it mines, and to date, it has continued to hodl all bitcoin it has mined. The Company also plans to augment its bitcoin holdings through further purchases of bitcoin in the market, as capital resources permit.' Next Steps The parties intend to finalize definitive agreements—including hosting, power, and site lease arrangements—on or before June 30, 2025, with initial on-site work to commence immediately thereafter. About AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) AgriFORCE is a mission-first technology company focused on unlocking innovation at the intersection of agriculture, energy, and digital infrastructure. Through its division TerraHash Digital™, the Company delivers modular mining and high-performance computing solutions powered by renewable and recovered energy. Learn more: About BlueFlare Energy™ Solutions Inc. BlueFlare is a decentralized infrastructure company specializing in mobile natural gas generation, compute deployment, and carbon-aware optimization technologies. Its platforms span blockchain, AI, emissions tracking, and energy monetization. Learn more: Follow AgriFORCE and TerraHash Digital™ AgriFORCE Social Media: TerraHash Digital™ Social Media: Forward-Looking Statements This press release contains forward-looking statements regarding the execution and expansion of infrastructure projects, operational performance, and market growth. These statements are subject to risks including delays in deployment, regulatory uncertainties, supply chain disruptions, and power cost fluctuations. Refer to AgriFORCE's SEC filings for a full risk discussion. The Company undertakes no obligation to update forward-looking statements except as required by law. Investor Contact: AgriFORCE Investor Relations +1-561-717-1742
Forbes
5 days ago
- Business
- Forbes
AI, Blockchain, And Drones Unite In The AgriTech Revolution
Drones, combined with blockchain and AI, are changing AgriTech. What if drones, AI, and blockchain could reshape the way we feed the world—starting in Malaysia? That vision is becoming reality through a AgriTech initiative that integrates drones, artificial intelligence (AI), and blockchain technology. In an effort to support sustainable farming and technological innovation, Farmsent, DroneDash, and SkyX have announced a partnership to launch an advanced smart AgriTech network spanning over 490,000 acres of palm plantations in Malaysia. This collaboration creates a blueprint for modern agriculture that is efficient, sustainable, and globally participatory. Imagine autonomous drones mapping vast plantations, deploying agrochemicals with pinpoint precision—all guided by real-time AI and blockchain-verified data. Farmsent is introducing blockchain-tokenized soil sensors that continuously monitor critical soil nutrients such as nitrogen, phosphorus, and potassium. These sensors provide real-time data, enabling precise and timely fertilization strategies, ensuring optimal nutrient application at the exact locations required. Through tokenization, these sensors become assets within the global Web3 community, allowing global participants to invest and contribute actively to sustainable agricultural practices. These sensors employ predictive AI modeling to anticipate nutrient requirements, enabling highly optimized fertilization strategies and significantly boosting sustainability. DroneDash plays a pivotal role, streamlining the deployment of drone technology for targeted agrochemical applications, thus enhancing the efficiency of pesticide and fertilizer use. This not only optimizes resource usage but also minimizes environmental impact, protecting ecosystems surrounding agricultural areas. DroneDash's AgriTech Drone DroneDash's drone fleet isn't just high-tech—it's cost-cutting, reducing chemical usage and maximizing efficiency. Complementing this technology, SkyX introduces advanced hyperlocal weather stations. These stations capture detailed, hyper-accurate climate data, measuring variables such as temperature, humidity, rainfall, wind direction, wind speed, and air pressure. This granular level of detail provides invaluable insights that allow farmers to make proactive, data-driven decisions, improving crop yields and resilience against climatic uncertainties. Additionally, each technological component deployed—including sensors and weather stations—is assigned a unique blockchain identity via the peaq blockchain platform. This strategic integration of blockchain technology creates decentralized opportunities for global participation, enabling individuals around the world to directly invest and engage in agricultural innovations through tokenization. Yog Shrusti, co-founder of Farmsent, commented to me that "this isn't just about integrating technology; it's about fundamentally reshaping how we approach agriculture in Southeast Asia. By empowering farmers with unprecedented data-driven insights and fostering a global community around sustainable practices through tokenization, we're not just optimizing yields – we're building a more resilient and equitable food system for generations to come.' Yog Shrusti, co-founder of Farmsent More than 25% of the world's population and more than 40% of the global agricultural production heavily rely upon unsustainable groundwater extraction. Traditional agricultural methods often result in significant inefficiencies and environmental challenges, necessitating innovative solutions to sustainably meet growing food demands. The agricultural drone market alone is projected to reach USD 7.6 billion by 2028 according to Markets and Markets. By integrating drone technology into everyday farming operations, Farmsent, DroneDash, and SkyX are leading the charge towards substantial reductions in the use of critical resources, potentially cutting water, pesticide, and fertilizer consumption by up to 50%. Paul Yam, CEO of DroneDash explained to me that 'this is not just a technical integration — it's proof that decentralized technologies can solve real problems, create real value, and drive real profit for communities and investors alike." Paul Yam, CEO of DroneDash The practical impact of these innovations is immediate and tangible. Farmers equipped with real-time analytics and precise climate insights can significantly enhance productivity and efficiency, while drastically reducing environmental footprints. This combination positions Malaysia at the forefront of global AgriTech innovation, serving as a benchmark for other nations facing similar agricultural and environmental challenges. AI is the intelligence engine behind this transformation—turning raw data into real-time, predictive insights that farmers can act on. AI-driven analytics integrate real-time sensor data, historical environmental information, and drone-collected imagery, providing farmers with actionable insights into current and future agricultural conditions. These predictive analytics enable farmers to anticipate crop health issues, optimize resource allocation, and implement proactive measures rather than merely reactive ones. With each season, the system gets smarter—boosting yields, trimming costs, and future-proofing farms. This continual improvement means that the accuracy and effectiveness of interventions steadily increase, optimizing agricultural outputs and enhancing resource efficiency. The integration of AI ensures that data-driven insights are accessible, practical, and tailored to local conditions. Farmers can receive personalized recommendations, allowing for more effective responses to specific agricultural challenges and ensuring a direct positive impact on crop yield and sustainability. Blockchain isn't just for transparency—it's unlocking new markets. Every drone, sensor, and station becomes a verifiable, investable digital asset. Each drone, soil sensor, and weather station is assigned a unique digital identity through the peaq blockchain, creating an immutable and transparent record of operations, maintenance, and data output. That means farm operations are no longer black boxes. Investors, regulators, and farmers can track input-to-output performance in real time. With transparent tracking, stakeholders—from local farmers to international investors—can verify the authenticity and accuracy of the data generated by each device. Overall benefits from this new Drone, AI and Blockchain Platform Frank Fang, the co-founder of SkyX, explained it well when he said, 'While the agriculture industry has long relied on generalized weather forecasting, we're witnessing a fundamental shift toward hyperlocal precision that can make the difference between a profitable harvest and significant losses. Our blockchain-powered weather stations don't just collect data—they create a new economic model where accurate environmental intelligence becomes a trade-able asset." SkyX isn't just forecasting the weather—they're tokenizing it, letting anyone invest in climate intelligence infrastructure. Blockchain also facilitates decentralized governance models, where stakeholders collectively make decisions, aligning incentives and promoting collaborative management of shared resources. Such participatory governance ensures equitable distribution of benefits and risks, encouraging sustained investment and involvement from global communities. This isn't a regional pilot—it's a scalable model. With the Food and Agriculture Organization (FAO) predicting a 70% increase in global food demand by 2050, adopting advanced technologies like drones, sensors, and blockchain is not just beneficial—it's essential. For consumers worldwide, these technologies promise enhanced sustainability and potentially lower food prices by increasing agricultural efficiency and reducing waste. More sustainable practices contribute directly to healthier environments and ecosystems, addressing pressing global environmental concerns. Investors and participants in the global economy stand to benefit substantially through blockchain tokenization, which opens up new avenues for direct investment into the booming AgriTech sector. By democratizing access to agricultural advancements, individuals globally can actively participate in and benefit financially from sustainable farming innovations. Summary of the benefits This partnership exemplifies the power of technology to address critical global challenges, driving forward a vision of agriculture that is not only productive but also equitable, resilient, and sustainable. Did you enjoy this story about Blockchain, AI and Drones impacting AgriTech? Don't miss my next one: Use the blue follow button at the top of the article near my byline to follow more of my work.
The National
19-05-2025
- Business
- The National
China-UAE AgriTech Dh120 million megaproject to launch in Al Ain
A Dh120 million AgriTech hub, measuring 100,000 square metres, has been announced for Al Ain. The project is a collaboration between Silal, an Abu Dhabi-based agri-food and technology company, and Shouguang Vegetable Industry Group (SVG), a Chinese firm specialising in vegetable seed breeding and counter-seasonal production. The signing of the deal was witnessed at the Make it in the Emirates conference in Abu Dhabi by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and Dr Amna bint Abdullah Al Dahak, Minister of Climate Change and the Environment. The facility marks a shift to transform the agricultural sector from water-intensive and climate vulnerable to data-driven and climate resilient. It will serve as a test bed for "smart farming" under extreme conditions – a challenge of growing importance. "Our partnership with SVG aims to revolutionise the UAE's AgriTech sector," said Salmeen Alameri, chief executive of Silal. "By combining SVG's world-leading expertise in greenhouse technology with Silal's commitment to innovation and sustainability, we are creating a cutting-edge model for innovative agriculture that can be replicated across the region and beyond." Model to drive AgriTech hub At the heart of the initiative is SVG's "Shouguang Model", a system of greenhouse farming honed in China's Shandong province that will be adapted to the UAE's arid environment. The Al Ain complex will feature photovoltaic glass greenhouses, large-span solar greenhouses and film connected structures – all powered by renewable energy. These advanced greenhouses will house more than a dozen varieties of fruits and vegetables including tomatoes, cucumbers, melons and strawberries, each cultivated with enhanced traits for flavour, resilience and yield. Automated climate control systems, robotic harvesters and precision irrigation will help maximise productivity while minimising inputs – with water and fertiliser use expected to drop by up to 30 per cent. "Abu Dhabi's forward-thinking approach and its willingness to embrace new technologies make it a vital hub for AgriTech innovation." said Ming Yang, founder of SVG. "In addition, the region's unique climate conditions make it a crucial testing ground for new technologies and solutions." The AgriTech complex will also include advanced infrastructure such as water treatment systems, modular purification units, and energy storage solutions. Mushroom production zones, dedicated employee accommodations, and a sensory experience centre will support both operational and educational objectives. Post-harvest infrastructure will play a vital role in delivering high-quality produce to market. The facility will house a fold storage centre, automated sorting lines and logistics systems capable of preparing goods for both domestic consumption and international export. Seeds of change This is not the first tie-up between Silal and SVG. In November 2024, the state news agency Wam reported a partnership in vegetable seed breeding and counter-seasonal vegetable industry chain. This collaboration is aimed at improving production efficiency and strengthening supply capacity for agricultural products in the UAE.
