AgriFORCE, BlueFlare sign binding LOI for bitcoin mining deployment

AgriFORCE Growing Systems (AGRI) announced its first deployment under the Power & Compute Initiative via a binding Letter of Intent with BlueFlare Energy Solutions. 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. Under the terms of the LOI, BlueFlare will lead the full-stack delivery of compute infrastructure and energy systems. 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. 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 on the final two phases in Hinton and future BlueFlare opportunities across Alberta and other regions. 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.