other material
confidence high
sentiment neutral
materiality 0.60
AgriFORCE signs LOI to purchase Bitcoin mining facility in Alberta; plans 10-20% capital allocation to Bitcoin
AVAX ONE TECHNOLOGY LTD.
- Signed LOI to purchase a 1.2 MW Bitcoin mining facility in Alberta, Canada, powered by flare gas at ~CAD $0.04/kWh.
- Plans to allocate 10-20% of future capital raised to purchase and hold Bitcoin.
- Expects transaction to close in coming weeks; facility to generate immediate cash flow.
- Will use proprietary CEA technology to capture carbon exhaust for offsets and sustainable agriculture.