AGRIForce Growing Systems (AGRI) entered into a definitive agreement with BlueFlare Energy Solutions for the deployment of 4 MW of hydro-cooled power generation and mining infrastructure in Alberta, Canada. This agreement follows the previously announced binding Letter of Intent between the two companies. When fully deployed, the 4 MW installation is expected to deliver approximately 250 Ph/s of hash rate capacity and become operational within 90-120 days following AGRIForce’s commitment payment. AGRIForce has secured a highly competitive $0.045/kWh energy cost under a three-year term, with full operations and maintenance provided by BlueFlare Energy to ensure optimized performance and reliability. As part of its broader Alberta expansion, AGRIForce has already commenced mining at its Berwyn site. With this new agreement, AGRIForce will operate three active mining sites in 2025, with a combined projected capacity of nearly 286 Ph/s. To advance this expansion, AGRIForce will provide a commitment fee of $415,000 plus GST this Friday.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGRI:
- AgriFORCE Growing Systems files $250M mixed securities shelf
- Upcoming Stock Splits This Week (July 28 to August 1) – Stay Invested
- AgriFORCE Growing Systems trading halted, news pending
- AgriFORCE Growing Systems announces reverse stock split
- AgriFORCE enters MOU to acquire minority stake in payment services provider
