AgriFORCE Growing Systems Ltd. (AGRI): History, Ownership, Mission, How It Works & Makes Money

When you look at AgriFORCE Growing Systems Ltd. (AGRI), are you defintely still seeing an AgTech company, or have you tracked its stunning, high-risk pivot into the digital asset space?

Just this month, the company announced a corporate name change to AVAX One Technology Ltd. (AVX), reflecting its new mission to be the primary public participant in the Avalanche (AVAX) blockchain ecosystem, a massive strategic shift from its prior focus on sustainable agriculture.

This is why the stock, trading near $2.18 per share with a market capitalization of roughly $189.95 million as of November 2025, demands a completely new valuation model; honestly, the old discounted cash flow (DCF) is now useless.

How did a company that once focused on high-yield crops end up pursuing a tri-pillar growth strategy that includes Bitcoin treasury development and modular compute infrastructure?

AgriFORCE Growing Systems Ltd. (AGRI) History

You want to understand the history of AgriFORCE Growing Systems Ltd. (AGRI), but the real story is its recent, dramatic pivot from Ag-Tech to a digital asset infrastructure company. This shift, culminating in a name change to AVAX One Technology Ltd. and a new ticker, AVX, in November 2025, completely redefines the company's trajectory. It's a classic case of a growth company chasing a higher-value business model, moving from controlled environment agriculture (CEA) intellectual property (IP) to institutional-grade blockchain exposure.

Given Company's Founding Timeline

Year established

The company was incorporated on December 22, 2017, in British Columbia, Canada, initially under the name 1146470 B.C. Ltd.

Original location

The initial base of operations was Vancouver, British Columbia, Canada, which is a common starting point for ambitious ventures in the capital-intensive AgTech sector.

Founding team members

Ingo Mueller served as a pivotal early driving force and CEO, shaping the initial strategy around proprietary controlled environment agriculture (CEA) solutions. The company's current leadership, including CEO Jolie Kahn, is now driving the firm's radical shift into the digital asset space.

Initial capital/funding

The company initially relied on seed capital and private placements. The first major public capital injection came with its initial public offering (IPO) in 2021, which raised approximately $14.8 million in gross proceeds, providing the necessary resources for early growth and technology development.

Given Company's Evolution Milestones

Given Company's Transformative Moments

The company's history is defintely a story of two distinct eras. The first was the initial AgTech focus, centered on proprietary facility designs and cultivation IP. The second, and far more transformative, is the rapid pivot to digital asset infrastructure in 2025. This wasn't a slow shift; it was a hard turn.

Here's the quick math on the pivot: Trailing 12-month revenue as of June 30, 2025, was a modest $752,000, with a net loss of approximately $16.9 million, showing the challenge of scaling the original AgTech business. The new strategy, however, is backed by a plan to raise approximately $550 million to maximize its ownership of the Avalanche (AVAX) token, a massive capital injection that dwarfs its previous funding.

• The Bitcoin Mining Launch (Q2 2025): The decision to deploy ASIC miners in Alberta and Ohio, generating nearly $500,000 in revenue from over five Bitcoin mined in six months, proved the viability of the energy-first infrastructure model. This validated the shift from growing crops to mining digital assets.
• The Avalanche Ecosystem Focus (September-November 2025): The most significant moment was the announcement and execution of the plan to rename the company to AVAX One Technology Ltd. and concentrate its treasury strategy on the Avalanche blockchain. This positions the company as a regulated gateway for public market investors to access the Avalanche ecosystem, a high-speed, institutional-grade blockchain.
• The BlackRock-Led Team: The new strategy is led by a team advised by leaders from institutional finance, including veterans with experience from companies like BlackRock, signaling a move toward a sophisticated, financial-market-driven approach rather than a pure agricultural one.

What this estimate hides is the inherent volatility and risk in the digital asset space, but the move gives the company access to a much larger capital market. For a deeper dive into the numbers behind this transformation, you should check out Breaking Down AgriFORCE Growing Systems Ltd. (AGRI) Financial Health: Key Insights for Investors.

AgriFORCE Growing Systems Ltd. (AGRI) Ownership Structure

The ownership of AgriFORCE Growing Systems Ltd. is highly concentrated, reflecting a strategic pivot and recent capital injection, with a single insider holding a majority stake.

This structure means a small group of stakeholders, primarily the largest individual shareholder and new institutional investors from the recent Private Investment in Public Equity (PIPE) transaction, controls the company's direction, which is now focused on digital assets. For a deeper dive into the new strategic direction, you can review the Mission Statement, Vision, & Core Values of AgriFORCE Growing Systems Ltd. (AGRI).

Given Company's Current Status

As of November 2025, AgriFORCE Growing Systems Ltd. is a publicly traded company, but it has undergone a radical transformation. It officially changed its name to AVAX One Technology Ltd. and its ticker symbol to AVX on the Nasdaq Capital Market, effective November 13, 2025. This move signals a complete strategic shift from agriculture technology to an Avalanche digital asset treasury initiative.

The company's market capitalization stands at approximately $189.95 million as it executes this pivot. Its financial health remains a concern, with a reported gross profit margin of just 1.67% in its most recent results, underscoring the high-risk nature of the new strategy. The company is defintely betting big on the blockchain ecosystem.

Given Company's Ownership Breakdown

The ownership structure is dominated by a single insider, which is common in companies undergoing a major strategic pivot, especially one involving a large private investment. The breakdown below uses the most recent data available in the 2025 fiscal year, reflecting the high insider concentration.

Here's the quick math: The largest individual insider holds a clear majority, meaning their vote alone can steer most corporate decisions, but the recent $300 million private investment in public equity (PIPE) also introduced new, influential institutional stakeholders.

Given Company's Leadership

The leadership team was recently restructured to align with the new digital asset strategy, with key executive compensation agreements finalized on November 5, 2025.

• Jolie Kahn, Chief Executive Officer (CEO): As CEO of the newly rebranded entity, Kahn is steering the complete shift to the Avalanche digital asset strategy. Her base compensation for the 2025 fiscal year is $480,000.
• Chris Polimeni, Chief Financial Officer (CFO): Polimeni manages the financial transition and capital raising initiatives, including the plan to raise up to $550 million for AVAX token investment. His base compensation is $300,000.
• Peter Wylie, Chief Operating Officer (COO): Appointed effective November 5, 2025, Wylie is responsible for operational execution of the new strategy. His base compensation is $300,000, plus he was granted 61,224 restricted common shares that vest monthly.

The Board of Directors also saw significant turnover in November 2025 following the PIPE transaction, bringing in directors with expertise in digital finance, including Matt Zhang, founder of Hivemind, an investment firm focused on the crypto economy. This is a clear signal that the board's expertise now maps directly to the blockchain pivot.

AgriFORCE Growing Systems Ltd. (AGRI) Mission and Values

AgriFORCE Growing Systems Ltd. has undergone a profound strategic pivot in late 2025, shifting its core purpose from AgTech to becoming a primary public market vehicle for digital asset accumulation and blockchain finance exposure.

This move, which included a name change to AVAX One Technology Ltd. (AVX) effective November 13, 2025, fundamentally redefined the company's cultural DNA and long-term aspirations, though it still maintains its existing energy-led technology business.

AgriFORCE Growing Systems Ltd.'s Core Purpose

The company's focus is now on bridging traditional capital markets and the burgeoning onchain financial economy (decentralized finance), a significant change from its initial agricultural technology roots. This pivot is backed by a massive capital raise strategy, aiming for substantial digital asset holdings.

• The company plans to raise approximately $550 million to fund its new strategy.
• It targets accumulating more than $700 million in AVAX tokens.
• For context, the company's Q2 2025 revenue was $452,000, showing the scale of the intended shift.

Official Mission Statement

The new mission is clear: to maximize shareholder value through direct exposure to a foundational blockchain asset. This is a very direct, capital-focused mission, but it is also about pioneering a new market structure.

• Maximize ownership of the Avalanche (AVAX) token on a per-share basis.
• Deliver direct value to shareholders as the new onchain economy grows.
• Provide public market investors with a professionally-managed vehicle for digital asset investment.

Honestly, the mission is about being the essential on-ramp for Wall Street into the Avalanche ecosystem.

Vision Statement

The vision is ambitious, mapping a multi-year thesis that sees programmable blockchains as the new foundation of financial markets. It's a very high-level goal, but it gives you a sense of their long-term ambition in the fintech space.

• Build the 'Berkshire Hathaway of the onchain financial economy.'
• Provide a smarter, more scalable way for Wall Street to get exposure to institutional-grade blockchain infrastructure.
• Establish the company as a foundational participant in the emerging onchain finance ecosystem.

You can see the full context of this shift in Exploring AgriFORCE Growing Systems Ltd. (AGRI) Investor Profile: Who's Buying and Why?

AgriFORCE Growing Systems Ltd. Slogan/Tagline

The company has not published a formal, concise slogan for its new identity, AVAX One Technology Ltd., but its core value proposition serves as its de facto tagline. It's a simple promise of access and transformation.

• The architecture of financial markets is changing, and programmable blockchains like Avalanche are the new foundation.
• First NASDAQ-listed company with a dedicated strategy to maximize ownership of AVAX.
• Pioneering the juxtaposition of traditional capital markets and blockchain innovation.

The old AgTech values of Sustainability and Community Focus still exist in their legacy business, but the new corporate strategy is defintely driven by digital asset accumulation and financial transformation.

AgriFORCE Growing Systems Ltd. (AGRI) How It Works

You need to know that AgriFORCE Growing Systems Ltd. is no longer primarily an AgTech company; its business model has fundamentally shifted to a digital asset and infrastructure focus, culminating in a name change to AVAX One Technology Ltd. (AVX) effective November 13, 2025. This company now operates as an energy-first innovator, converting stranded energy resources into high-efficiency compute environments to build a treasury of digital assets and support next-generation computing.

Here's the quick math: in the second quarter of 2025, the company reported revenue of just $0.45 million, but secured a massive strategic pivot with an approved approximately $300 million private investment in public equity (PIPE) financing in November 2025, specifically to drive its new digital asset strategy. This is a complete business overhaul.

AgriFORCE Growing Systems Ltd.'s Product/Service Portfolio

The company's offering now centers on a tri-pillar growth strategy, moving away from its legacy agricultural technology (AgTech) division to concentrate on the digital economy. The primary products are now infrastructure and digital assets themselves.

AgriFORCE Growing Systems Ltd.'s Operational Framework

The operational framework is built on securing energy first, then deploying modular compute capacity. This is a capital-intensive strategy, so capital raising is a core operational function right now. You can't build data centers without serious cash.

• Energy Sourcing: Secure stranded natural gas resources, which are often uneconomical for large-scale pipelines, to use as a primary power source.
• Compute Deployment: Utilize modular gas-to-power units to convert the natural gas into electricity for high-performance computing (HPC) environments.
• Digital Asset Mining: Run efficient mining campuses, such as the fully operational Bitcoin facility in Sturgeon, Alberta, and the expanding site in Ohio, using top-tier ASIC miners.
• Treasury Management: Professionally manage the digital asset treasury, focusing on maximizing AVAX per-share accretion for shareholders.

The goal is to reach 1 Exahash per second (EH/s) of hash power by the first quarter of 2026, which is a massive scale-up from current operations.

AgriFORCE Growing Systems Ltd.'s Strategic Advantages

The company's advantage is less about proprietary AgTech now and more about its positioning at the intersection of energy and institutional-grade blockchain access. This pivot is defintely a high-risk, high-reward move.

• Energy-First Model: Converting underutilized, low-cost natural gas into compute power, which is a significant cost advantage in the energy-intensive digital asset space.
• Avalanche Ecosystem Gateway: Being the first publicly-traded company focused on the Avalanche blockchain provides regulated access to a high-speed, institutional-grade blockchain network, which is a unique public market offering.
• Institutional Capital: The successful closing of the approximately $300 million PIPE financing, led by a major institutional digital asset manager, provides the necessary capital and validation for the new strategy.
• Diversification of Compute: Expanding services beyond Bitcoin mining into AI, edge computing, and decentralized cloud solutions mitigates risk and enhances potential revenue streams.

To be fair, the company is still navigating a challenging profitability landscape, with a trailing Earnings Per Share (EPS) of -$36.94 as of Q2 2025, but the new strategy aims to change that trajectory. For a deeper dive into the capital structure behind this shift, you should read Exploring AgriFORCE Growing Systems Ltd. (AGRI) Investor Profile: Who's Buying and Why?

AgriFORCE Growing Systems Ltd. (AGRI) How It Makes Money

AgriFORCE Growing Systems Ltd. has undergone a rapid strategic pivot, moving from its original focus on agricultural technology (Ag-Tech) and plant-based ingredients to becoming a technology company primarily focused on digital asset mining and computational infrastructure. The company generates revenue by mining Bitcoin and selling its proprietary hydroxyl generating devices for environmental remediation, though the former is now the clear growth engine.

AgriFORCE Growing Systems Ltd.'s Revenue Breakdown

The company's revenue streams in the 2025 fiscal year reflect a business in transition, with a major shift toward digital assets following the acquisition of Bitcoin mining facilities in late 2024 and early 2025. Based on the trailing twelve months (TTM) revenue of approximately $822.94 thousand as of June 30, 2025, the breakdown is heavily weighted toward its new crypto operations.

Business Economics

The core economics of AgriFORCE Growing Systems Ltd. are now tied to the volatile but high-potential Bitcoin mining and computational power sector, a significant departure from the steady, but slower, growth of Ag-Tech. The company aims to monetize underutilized natural gas resources by converting them into power for its mining operations, which is a key cost-saving strategy. Specifically, they've secured favorable power purchase agreements, like one at USD $0.04/kWh for its Ohio facility, which is defintely a competitive advantage for a miner.

• Cost of Revenue: The gross profit margin is razor-thin, sitting at just 1.67% in recent results, indicating high costs relative to sales, especially in the legacy and initial mining operations.
• Pricing Strategy: Revenue from Digital Assets is a function of the Bitcoin price, the network difficulty, and the company's total hash rate (currently around 166.62 Petahashes per second as of Q2 2025), which is constantly being expanded.
• Scalability: The business model is designed for rapid scalability by deploying modular gas-to-power units and ASIC miners. The goal is to reach 1 Exahash per second (EH/s) of hash power by Q1 2026, which would drastically increase their revenue potential.

The entire operation is a capital-intensive race to secure cheap power and deploy hardware faster than the competition. You can read more about the investors backing this pivot in Exploring AgriFORCE Growing Systems Ltd. (AGRI) Investor Profile: Who's Buying and Why?

AgriFORCE Growing Systems Ltd.'s Financial Performance

The company's financial health as of November 2025 shows a business investing heavily in a new, transformative strategy while running significant losses. The numbers are small, but the growth rate in revenue, driven by the Bitcoin mining acquisitions, is substantial.

• Total Revenue: The trailing twelve months (TTM) revenue as of June 30, 2025, was approximately $822.94 thousand, representing a massive year-over-year increase from the prior fiscal year.
• Net Loss: The net loss for the quarter ended June 30, 2025 (Q2 2025) was -$8.06 million, reflecting high operating costs, including those associated with its new digital asset infrastructure and a challenging legacy business.
• Liquidity Risk: The company's current ratio is a concerning 0.13, meaning its short-term liabilities significantly outweigh its liquid assets, a common sign of a company aggressively funding a pivot through debt or equity raises.
• Share Structure: The company executed a 1-for-9 reverse stock split in July 2025 to maintain Nasdaq listing compliance, a necessary but often negative signal to the market.

Here's the quick math: generating $822.94 thousand in TTM revenue against a TTM net loss of -$16.921 million (as of June 30, 2025) shows a company burning cash to fuel its operational and strategic transformation. Your next step should be to track the upcoming Q3 2025 earnings report, estimated for November 18, 2025, for an update on the Bitcoin mining revenue contribution and cash burn rate.

AgriFORCE Growing Systems Ltd. (AGRI) Market Position & Future Outlook

The company formerly known as AgriFORCE Growing Systems Ltd. is undergoing a complete strategic overhaul, pivoting from Ag-Tech to become AVAX One Technology Ltd. (AVX), a firm primarily focused on building a digital asset treasury around the Avalanche (AVAX) blockchain ecosystem. This shift makes its future trajectory less about controlled environment agriculture (CEA) and more about the performance and regulatory environment of decentralized finance (DeFi) and digital assets.

The near-term outlook is dominated by the success of its capital raise and execution of the new strategy, which analysts project could drive the 2025 revenue to an average of $364.0 million from a negligible base, reflecting the massive change in business model. This is a high-stakes, high-reward move. Breaking Down AgriFORCE Growing Systems Ltd. (AGRI) Financial Health: Key Insights for Investors

Competitive Landscape

The competitive landscape has fundamentally changed. The company is now positioning itself against other publicly traded entities that offer exposure to digital assets, rather than traditional Ag-Tech players. In its former controlled environment agriculture segment, its market share was defintely fractional, but its new advantage is a first-mover position in a regulated structure for the Avalanche ecosystem.

Opportunities & Challenges

The company's ability to capture value now hinges on two distinct business lines: the legacy Ag-Tech division (AgriFORCE Brands) and the new digital asset treasury. The opportunities are tied to the growth of the Avalanche blockchain, while the risks are concentrated in regulatory and execution challenges for the pivot.

Industry Position

As of November 2025, the company has effectively left its position as a minor player in the highly competitive Controlled Environment Agriculture (CEA) market, which is projected to be a $67.4 billion market this year. Its new industry position is as a unique, publicly traded crypto-treasury vehicle, which is an entirely new category. This puts them in a highly speculative, yet potentially rewarding, niche.

The company is aiming to bridge traditional capital markets with the decentralized finance (DeFi) space. This move is a direct response to the financial strain of the old model, which saw a trailing 12-month revenue of only $752 thousand as of mid-2025.

• Gain exposure to the Avalanche (AVAX) token growth.
• Offer a regulated, NASDAQ-listed structure for digital asset investment.
• Face immediate competition from other large-cap companies with crypto exposure (e.g., MicroStrategy) but with a unique focus on a single ecosystem.

The critical next step for management is to provide a clear, detailed timeline and accounting policy for the acquisition and staking of the AVAX tokens. Shareholders need that transparency.