**AgriFORCE Growing Systems Completes Acquisition of Bitcoin Mining Facility in Ohio and Appoints New COO** **

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AgriFORCE Growing Systems, Ltd. (NASDAQ: AGRI) announced the acquisition of assets for a five-megawatt Bitcoin mining facility in Columbiana County, Ohio, on January 17, 2025. The purchase, including an option to buy the facility, amounted to $4.55 million. Among the assets acquired were 900 S-19 J Pro BITMAIN Antminers and other necessary equipment like transformers, power distribution boxes, generators, shipping containers, and power plants.

Following this acquisition, AgriFORCE appointed Dr. Barrett Mooney, a seasoned professional with extensive experience in agriculture and sustainability businesses, as its Chief Operating Officer. Dr. Mooney has previously led various companies through acquisitions and transitions, demonstrating his capability in strategic growth and operational leadership.

With a Doctor of Philosophy in Agricultural and Biological Engineering from the University of Florida, Dr. Mooney’s background includes significant achievements in technology-driven sustainable practices. He will be compensated at $22,500 per month plus $3500 in restricted stock units, with plans for a formal employment agreement within nine months and a potential reassessment of his compensation.

AgriFORCE’s strategic move aligns with its mission to integrate advanced technology into sustainable initiatives. The company aims to utilize this acquisition to drive innovative solutions in both the cryptocurrency mining and agricultural sectors.

Additionally, AgriFORCE closed the initial tranche of a financing facility with institutional investors, utilizing a portion to fund the asset acquisition. This initiative demonstrates confidence from investors in AgriFORCE’s ability to execute its strategic plan and enhance its operations for sustainable growth.

The recent developments underscore AgriFORCE Growing Systems’ commitment to technological innovation and sustainable practices, enhancing its position as a pioneer in the agriculture and cryptocurrency sectors.

For further details on AgriFORCE Growing Systems and its recent activities, including the appointment of Dr. Barrett Mooney and the acquisition of the Bitcoin mining facility, visit the company’s official website.

Risk Warning: This press release contains forward-looking statements, and readers are advised to consider the associated risks listed in the company’s filings with the SEC. Actual results may differ from those projected due to uncertainties and factors beyond the company’s control.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AgriFORCE Growing Systems’s 8K filing here.

About AgriFORCE Growing Systems

AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products that deliver healthier and nutritious solutions. The company operates in two divisions, AgriFORCE Solutions and AgriFORCE Brands. It also offers management advisory services and holds intellectual property, as well as engages in the real estate holding and development activities.