AgriFORCE Rebrands as AVAX One, Launches $550M Capital Raise

AgriFORCE Growing Systems is rebranding as AVAX One and launching a $550 million capital raise to become the first Nasdaq-listed company focused on acquiring AVAX, the native token of the Avalanche blockchain.

Anthony Scaramucci, founder of Skybridge Capital, joins as head of the advisory board.
AgriFORCE shares increased by 132% after the announcement, while AVAX decreased by 3% in the past 24 hours.
The company plans to accumulate over $700 million worth of AVAX.
Aim: Create a professionally managed vehicle for public investors to gain exposure to Avalanche network securing $6.2 billion in staked assets.
Matt Zhang, from Hivemind Capital, will chair the board, aiming to build the “Berkshire Hathaway of the onchain financial economy.”
The capital raise includes a $300 million PIPE, with up to $250 million additional equity-linked offerings pending shareholder approval.
Participating investors include ParaFi, Galaxy Digital, DCG, Kraken, Cypher Capital, and others.
AVAX One will continue AgriFORCE’s energy infrastructure business through its TerraHash Digital division.