AVAX ONE TECHNOLOGY LTD. (AVX): M&A transaction — AgriForce acquires Alberta bitcoin mining facility for $1.5M cash, 130+ miners

AVAX ONE TECHNOLOGY LTD.

Acquired data center and ~130 bitcoin miners in Sturgeon County, Alberta for $1.5 million cash from available cashflow.
Facility powered by 1.2 MW flare natural gas, scalable to 250 mining units.
Company plans to integrate high-yield agriculture (micro-greens, shrimp) with bitcoin mining revenue.
CEO Jolie Kahn says acquisition establishes AgriForce at intersection of tech, sustainability, and agriculture.
Chairman David Welch says strategy includes HODLing mined bitcoin to maximize future value.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AVAX ONE TECHNOLOGY LTD. completed an acquisition involving Rivogenix Energy Corp. for $1.5 million in cash (closed 2024-11-28).

Action: acquisition
Counterparty: Rivogenix Energy Corp.
Consideration: $1.5 million in cash
Closing: 2024-11-28

Exact text from the filing

Corp. to acquire and consummated the acquisition of various assets which comprise a bitcoin mining facility in Sturgeon County, Alberta, Canada. The assets were acquired for $1.5 million in cash from the Company’s own available cashflow and are comprised of a data center and approximately 130 bitcoin miners.

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

AVAX ONE TECHNOLOGY LTD. filing history →

Source: SEC EDGAR

accession 0001493152-24-048692

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