AgriFORCE becomes first Avalanche-focused firm on Nasdaq
AgriFORCE Growing Systems (Nasdaq: AGRI) announced it will become the first publicly traded company focused on Avalanche. The firm plans to raise $550 million for acquisitions and technology development.
The Vancouver-based firm, previously focused on agriculture and food technology, said it has pivoted to Avalanche's ecosystem and plans to pursue acquisitions as part of its expansion strategy.
AgriFORCE will rebrand to AVAX One, shifting from agriculture technology toward blockchain infrastructure, and aims to raise roughly $550 million to acquire over $700 million worth of AVAX tokens and build fintech businesses on Avalanche.
The transformation was announced on September 22, 2025. Under the plan, AVAX One intends to complete a $300 million private investment in public equity (PIPE), pending shareholder approval, and raise an additional $250 million via equity-linked instruments.
The strategic pivot marks one of the first cases of a U.S.-listed company repositioning entirely around a Layer-1 blockchain ecosystem. The company has not disclosed specific acquisition targets or timelines for deploying the raised capital.
AgriFORCE will rebrand to AVAX One, shifting from agriculture technology toward blockchain infrastructure, and aims to raise roughly $550 million to acquire over $700 million worth of AVAX tokens and build fintech businesses on Avalanche.
The transformation was announced on September 22, 2025. Under the plan, AVAX One intends to complete a $300 million private investment in public equity (PIPE), pending shareholder approval, and raise an additional $250 million via equity-linked instruments.
The strategic pivot marks one of the first cases of a U.S.-listed company repositioning entirely around a Layer-1 blockchain ecosystem. The company has not disclosed specific acquisition targets or timelines for deploying the raised capital.
Leadership includes CEO Jolie Kahn and newly nominated Chairman Matt Zhang, with a strategic advisory board featuring Anthony Scaramucci and Brett Tejpaul. The firm positions itself as providing "pure-play exposure" for public investors to benefit from Avalanche network growth.
AVAX One will maintain operations of AgriFORCE's legacy business lines, including its compute platforms division, TerraHash Digital, which builds decentralized compute infrastructure. The company said it seeks disciplined AVAX accumulation per share rather than token speculation.
Matt Zhang, founder of Hivemind Capital and nominated Chairman, described the rebrand as creating a "growth flywheel," combining asset accumulation and acquisition of cash-flowing fintech businesses on Avalanche.
Anthony Scaramucci of SkyBridge Capital said the tokenization trend is "the single biggest theme for the next decade of finance."
Avalanche operates as a high-throughput blockchain network with billions of dollars in staked value. The announcement comes amid growing institutional investor interest in regulated, crypto-native investment vehicles.
AgriFORCE had previously focused on agriculture and clean power infrastructure, including projects for decentralized compute power. The pivot to AVAX One represents a complete business model transformation for the company.
The PIPE transaction requires shareholder approval and regulatory clearance. AVAX One has not shared a timeline for the raise or AVAX accumulation.
The company trades under ticker AGRI and plans to change its name and ticker symbol following shareholder approval of the rebranding.
AVAX One will maintain operations of AgriFORCE's legacy business lines, including its compute platforms division, TerraHash Digital, which builds decentralized compute infrastructure. The company said it seeks disciplined AVAX accumulation per share rather than token speculation.
Matt Zhang, founder of Hivemind Capital and nominated Chairman, described the rebrand as creating a "growth flywheel," combining asset accumulation and acquisition of cash-flowing fintech businesses on Avalanche.
Anthony Scaramucci of SkyBridge Capital said the tokenization trend is "the single biggest theme for the next decade of finance."
Avalanche operates as a high-throughput blockchain network with billions of dollars in staked value. The announcement comes amid growing institutional investor interest in regulated, crypto-native investment vehicles.
AgriFORCE had previously focused on agriculture and clean power infrastructure, including projects for decentralized compute power. The pivot to AVAX One represents a complete business model transformation for the company.
The PIPE transaction requires shareholder approval and regulatory clearance. AVAX One has not shared a timeline for the raise or AVAX accumulation.
The company trades under ticker AGRI and plans to change its name and ticker symbol following shareholder approval of the rebranding.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
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