Key Takeaways
- Affinor Growers partners with Blockchain Labrador Corp. (BlockLab) to assess integration of Hestia Bitcoin Mining Furnace
- The system could repurpose mining waste heat to warm Affinor’s Abbotsford strawberry greenhouse
- Project will utilize existing solar panels and Tesla Powerwall batteries for energy supply
- BlockLab granted 300,000 stock options as part of the agreement
- Collaboration aims to evaluate resource-sharing between digital currency and indoor agriculture sectors
Affinor Growers Evaluates Crypto-Heating Technology for Greenhouse Efficiency
Affinor Growers Inc. (Profile) has signed a strategic advisory agreement with Blockchain Labrador Corp. (BlockLab) to explore the use of cryptocurrency mining as a sustainable heat source for its indoor farming operations. The partnership will assess the viability of deploying BlockLab’s Hestia Bitcoin Mining Furnace at Affinor’s strawberry production facility in Abbotsford, British Columbia.
The technology under consideration would utilize the waste heat generated from Bitcoin mining to warm the greenhouse, potentially offsetting traditional energy costs. The system is expected to operate in conjunction with Affinor’s existing solar energy infrastructure and Tesla Powerwall batteries, forming a closed-loop model of energy use and resource efficiency.
Affinor Growers Stock Option Terms and Strategic Vision
Under the terms of the agreement, Affinor Growers will grant BlockLab 300,000 stock options, each exercisable over a five-year term at an exercise price of $0.05 per common share.
Affinor’s CEO, Nick Brusatore, commented on the collaboration: “We are very excited to explore this opportunity at our Abbotsford greenhouse facility to showcase the synergy between cryptocurrency mining and indoor agriculture, further demonstrating how two unrelated industries can collaborate to maximize resources and reduce environmental impact.”
Next Steps in Evaluation
The advisory agreement positions Affinor Growers to examine how blockchain and agriculture technologies might intersect to create a cost-effective and environmentally conscious solution. Should the pilot prove successful, it may serve as a model for other indoor farms looking to integrate renewable energy and heat recovery strategies into their operations.
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