VANCOUVER, British Columbia and BERWYN, Alberta, June 17, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) ("AgriFORCE" or the "Company"), a technology and infrastructure firm operating at the intersection of clean energy and digital compute, today announced two major milestones in its Power & Compute strategy:

- The commissioning of its first decentralized Power & Compute site in Berwyn, Alberta

- The execution of a binding Letter of Intent (LOI) with BlueFlare Energy(TM) Solutions Inc. to acquire and develop up to 1.3 MW of mobile, natural-gas-powered compute infrastructure across Alberta

Together, these milestones reinforce AgriFORCE's three-pronged strategy across Bitcoin treasury accumulation, modular compute infrastructure, and energy-first monetization--accelerating the company's mission to convert stranded gas into scalable digital assets and decentralized AI-ready infrastructure.

Berwyn Commissioning: Proof of Execution

AgriFORCE's Berwyn site represents the first live deployment under the Company's Power & Compute Initiative and is now fully operational. Developed in partnership with BlueFlare Energy(TM), Phase 1 of the site includes:

- 425 kW BlueFlare Power module

- 120 Bitmain S21 270TH ASIC miners delivering >32 PH/s

- Custom-engineered mining pod with high-efficiency airflow and thermal controls

- BlueFlare OS(TM) for telemetry and predictive maintenance

- BlueFlare Carbon Cube(TM) for emissions tracking and ESG compliance

Phase 2, currently underway, will add 200 kW, expanding the site's total capacity to over 625 kW.

"This site is a working proof of our thesis: convert stranded gas into real-time, ESG-compliant digital compute. And do it fast," said Dave Jackson, CEO of BlueFlare Energy(TM).

1.3 MW Alberta Expansion: Strategic LOI Execution

AgriFORCE and BlueFlare Energy(TM) have entered into a binding LOI to acquire and deploy an additional 1.3 MW of power and compute capacity at two new sites in Oyen and Hinton, Alberta. The LOI includes:

- Rights to purchase and operate two modular gas-to-power units, each rated at approximately 640 kW, alongside BlueFlare-engineered mining infrastructure

- Shared responsibilities, with AgriFORCE providing funding, treasury, and asset ownership, and BlueFlare managing power, deployment, and performance optimization

- Optional equity participation for BlueFlare in future site-level expansions

Each site will replicate the Berwyn model and support a range of workloads including Bitcoin mining, AI inference, edge compute, and industrial IoT processing.

"We don't wait for permits or grid upgrades--we convert gas into compute in weeks, not years," said Jolie Kahn, CEO of AgriFORCE. "This LOI accelerates our Alberta roadmap and pushes us closer to 1 EH/s target compute capacity by Q1 2026."

Three-Pronged Strategy: Bitcoin, Compute, and Energy Control

AgriFORCE's roadmap is anchored in a capital-efficient, synergistic growth model:

- Bitcoin Treasury: Sound Money Meets Smart Reserves

- 7 BTC mined to date across Alberta and Ohio (~$750,000 in value)

- Up to 50% of capital raises allocated to direct BTC purchases

- Up to 50% of mined BTC retained in corporate treasury

- This blended model minimizes volatility while compounding long-term upside in a hard, appreciating asset

- Compute Infrastructure: Modular, Mobile, and Scaling Fast

- 6+ MW operational capacity across three sites, with >0.17 EH/s deployed

- Targeting 0.5 EH/s by Q4 2025 and 1 EH/s by Q1 2026

- Powered by 500+ new-gen ASICs and proprietary telemetry for rapid scaling and efficiency

- Energy-First Expansion: Monetizing the Bottleneck

- Exclusive access to 50+ MW of natural gas, expanding to 100+ MW by 2026

- Mobile, off-grid systems that bypass utility delays

- Integrated ESG tech stack including real-time emissions logging and carbon credit tracking

"Power is the new currency," added Kahn. "We're not just building data centers--we're building power-backed financial infrastructure."

About AgriFORCE Growing Systems Ltd.

AgriFORCE (NASDAQ: AGRI) is a mission-first technology company operating at the convergence of clean energy, digital assets, and infrastructure. Through its TerraHash Digital(TM) division, the company builds and operates decentralized computing platforms powered by off-grid, emissions-tracked natural gas systems.

www.agriforcegs.com

About BlueFlare Energy(TM) Solutions Inc.

BlueFlare Energy(TM) is a pioneer in modular, mobile energy and decentralized compute solutions. Based in Alberta, BlueFlare's proprietary OS, emissions tech, and carbon compliance infrastructure support high-uptime, ESG-first data processing at the edge of the grid.

www.GoBlueFlare.com

Investor Relations

+1-561-717-1742

info@agriforcegs.com

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COMTEX_466449810/2241/2025-06-17T08:29:54