Latest news with #BlueFlare
Associated Press
11 hours 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
Globe and Mail
2 days ago
- Business
- Globe and Mail
TerraHash Digital™, a division of AgriFORCE (NASDAQ: AGRI), partners with BlueFlare Energy™ to launch a Power & Compute Initiative, advancing HPC and modular Bitcoin mining infrastructure in Alberta
Vancouver, British Columbia and Grand Prairie, Alberta, June 10, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. ('AgriFORCE' or the 'Company') (NASDAQ: AGRI), an innovation-driven infrastructure and technology company, today announced the launch of a Strategic Power & Compute Initiative in collaboration with BlueFlare Energy ™ Solutions Inc. ('BlueFlare'), a developer of mobile, natural gas-powered generation systems. The partnership signals a major step forward in AgriFORCE's TerraHash Digital ™ strategy to build scalable, high-performance computing (HPC) infrastructure for data-intensive applications, including blockchain networks and modular AI workloads. Modular Power Meets Next-Gen Compute At the heart of the Initiative is a shared vision: transforming stranded or underutilized natural gas resources into resilient, decentralized computing infrastructure. The collaboration will enable the deployment of modular energy and compute systems capable of supporting everything from Bitcoin mining to artificial intelligence, edge computing, and real-time analytics. Under the agreement, AgriFORCE will finance and acquire BlueFlare's proprietary mobile gas-generation units, while BlueFlare will deploy, manage, and operate the end-to-end compute infrastructure. Integrated Technologies for Intelligent Infrastructure The Initiative leverages BlueFlare's full-stack platform for remote site management and real-time optimization: BlueFlare OS ™ – Unified dashboard for fleetwide monitoring of power consumption, uptime, thermal metrics, and hash/computing performance. Performance Optimization Suite – Adaptive control systems for voltage, fan, and clock speed management to extend hardware longevity. Remote Command Layer – Full remote operability with one-click reboot, firmware pushes, and miner resets. Alerting & Predictive Analytics – AI-enabled systems for anomaly detection, maintenance forecasting, and incident prevention. Batch Configuration Tools – Streamlined fleet provisioning for new miners, pools, and compute workloads. Also featured is the BlueFlare Carbon Cube ™, a high-precision environmental monitoring and emissions management platform that supports carbon credit validation and ESG reporting—transforming every site into a measurable sustainability asset. Strategic Growth Path & Infrastructure Rights AgriFORCE has secured a Right of First Refusal (ROFR) on future BlueFlare-sourced sites that align with TerraHash Digital ™ 's expansion criteria. This ensures a consistent and scalable approach to deploying distributed HPC and digital infrastructure across energy-rich regions in Alberta and beyond. 'This Initiative is a leap forward in our mission to make computing infrastructure more scalable, sustainable, and financially efficient,' said Jolie Kahn, CEO of AgriFORCE. 'Together with BlueFlare, we're pioneering a new era of distributed compute—optimized for both environmental impact and performance.' Empowering Rural Innovation Through ESG-Aligned Compute The AgriFORCE–BlueFlare collaboration is designed as a blueprint for regional innovation. By channeling latent energy into data-driven systems, the Initiative promotes rural job creation, grid independence, and carbon offset monetization. ' The Carbon Cube and its supporting technologies represent a breakthrough in transforming stranded or uneconomical energy assets into value-generating infrastructure,' added Dave Jackson, CEO of BlueFlare Energy ™ Solutions Inc. ' Our goal is to not only enable advanced data mining and high-performance computing, but also to generate carbon credits that offset raw energy costs and fuel predictive modeling on the project's frontend. It's a value-added approach that enhances both operational intelligence and environmental accountability. ' About AgriFORCE Growing Systems Ltd. AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a mission-first company operating at the convergence of agriculture, clean energy, and digital infrastructure. Through its TerraHash Digital ™ division, the company develops and manages high-performance compute environments that support the future of decentralized economies and sustainability. Learn more: About BlueFlare Energy ™ Solutions Inc. Based in Grand Prairie, Alberta, BlueFlare Energy ™ Solutions Inc. is a leader in mobile natural gas-powered generation and decentralized compute technologies. BlueFlare's platforms unlock stranded energy for scalable applications ranging from Bitcoin mining to real-time data processing. Learn more: Follow AgriFORCE on Social Media Follow TerraHash Digital ™ on Social Media Instagram: @Terrahashdigital X (Twitter): @THashDGTL Facebook: TerraHash Digital™ LinkedIn: @TerraHash-Digital TruthSocial: @THashDGTL Forward-Looking Statements This release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such statements involve known and unknown risks and uncertainties that may cause actual results to differ materially. Readers are encouraged to review AgriFORCE's SEC filings under 'Risk Factors.' The Company disclaims any obligation to update forward-looking statements except as required by law.
