24/7 Market News Snapshot 29 January, 2025 – AgriFORCE Growing Systems Ltd. Common Shares (NASDAQ:AGRI)

January 29, 2025

DENVER, Colo., 29 January, 2025 (247marketnews.com) – (NASDAQ:AGRI) are discussed in this article.
AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) is experiencing a significant upward movement in its trading activity, opening at $2.39 and rising to approximately $2.635, reflecting an increase of around 9.79%. This surge follows a previous closing price of $2.40 and is backed by a robust trading volume of 554.80K, signifying heightened investor interest and confidence in the company’s strategic direction. Key technical indicators reveal potential resistance levels around $2.65, prompting traders to closely monitor market sentiment and volume dynamics for informed investment decisions.

In a noteworthy strategic expansion, AgriFORCE has announced the acquisition of a 5 MW bitcoin mining facility. This move represents a substantial growth in the Company’s hashrate, increasing it by over 600% within a span of 60 days. CEO Jolie Kahn emphasized the significance of this development, stating, “We are growing at a steady rate having increased our hashrate more than sixfold, and we are committed to exploring stranded assets with scalable growth potential.” AgriFORCE plans to retain at least 10% of the Bitcoin generated through this initiative, integrating cryptocurrency into its portfolio as a vital component.

The acquisition aligns with the evolving cryptocurrency landscape and the region’s emerging role as a blockchain and digital asset hub. Furthermore, the company aims to leverage legislative measures like the Ohio Bitcoin Reserve Act to bolster its strategic plans. The facility is expected to facilitate economic growth by creating jobs in advanced technology and sustainable agricultural practices. AgriFORCE remains dedicated to addressing food security challenges while generating value for its shareholders and contributing positively to community welfare through innovative solutions in both agriculture and cryptocurrency sectors.

Related news for (AGRI)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.