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-0.00488997555012236 0.00244498777506107 0.00244498777506107 -0.00488997555012236 0.0122249388753056 -0.00733496332518343 0.00244498777506107 0.00244498777506107
Stock impact report

Bitcoin Miner AgriFORCE's Stock Jumps 200% on $550 Million Avalanche Treasury Move [Yahoo! Finance]

AgriFORCE Growing Systems Ltd. - Common Shares (AGRI) 
Company Research Source: Yahoo! Finance
first Nasdaq-listed firm to commit to buying AVAX—and the company's stock price has skyrocketed. AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) announced Monday that it will rebrand as AVAX One and plans to raise approximately $550 million as it refocuses on buying and holding AVAX, the native token of the Avalanche blockchain network. Unlike some publicly traded firms that previously had no connection to cryptocurrency, AgriFORCE is a Bitcoin mining firm that focused on using clean energy to power the resource-intensive process of mining new BTC. It's unclear whether the firm will continue to pursue Bitcoin mining; Decrypt reached out to AgriForce for clarification, but did not immediately receive a response. "The architecture of financial markets is changing, and programmable blockchains like Avalanche are the new foundation," said AgriFORCE CEO Jolie Kahn, in a statement. "For the first time, our company provides public market investors with a professionally-managed vehicle Show less Read more
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