Subject: AFI New Release
PDF Document
File: Attachment Affinor - BlockLab - News Release - July 3 2025 - Final.pdf
AFFINOR SIGNS STRATEGIC ADVISORY AGREEMENT WITH
BLOCKLAB
VANCOUVER, British Columbia, July 3, 2025 (GLOBE NEWSWIRE) -- Affinor Growers Inc. ("Affinor"
or the "Company") (CSE: AFI; OTCQB: RSSFF) is pleased to announce that it has entered into a strategic
advisory agreement dated July 3, 2025 (the "Advisory Agreement") with Blockchain Labrador
Corporation ("BlockLab"), who has developed an innovative system that not only produces digital
currency but also provides an eco-friendly and cost effective heating solution for greenhouse operations.
As per the terms of the Advisory Agreement, BlockLab will work with Affinor to assist with the viability
of installing its Hestia Bitcoin Mining Furnace technology at its Abbotsford strawberry production facility
which will be powered by existing solar infrastructure and multiple Tesla power wall batteries. Affinor will
repurpose the waste heat from the bitcoin mining process. Further to the terms of the Advisory Agreement,
Affinor will grant BlockLab 300,000 stock options exercisable for a five-year term at an exercise price of
$0.05 per common share.
Nick Brusatore, the Company's Chief Executive Officer, stated as follows; "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."
About BlockLab
BlockLAB is a vertically integrated digital infrastructure company headquartered in Labrador, Canada,
specializing in the convergence of Bitcoin mining, renewable energy, and industrial heat recovery. Their
patented furnace technology captures and repurposes the thermal output from high powered computing
(HPC) hardware, enabling a new category of sustainable heating solutions for commercial and industrial
applications. Backed by a multidisciplinary team with expertise in energy & electrical systems, data centre
infrastructure, telecommunications, and northern logistics, BlockLAB is uniquely positioned to capitalize
on long-term trends in decentralization, carbon-conscious development, and energy reuse. With key
partnerships across the public and private sectors--including Indigenous-owned telecommunications and
international datacenter partners--BlockLAB is building scalable, resilient infrastructure for the future of
computing and clean energy.
BlockLAB's pioneering model represents a paradigm shift in both the cryptocurrency and agriculture
sectors. By repurposing the waste heat from Bitcoin mining, greenhouse operators can significantly reduce
their energy costs while minimizing their carbon footprint. BlockLab is committed to building data
infrastructure that is not only more efficient and cost-effective than anything currently on the market but
also ranks among the most environmentally friendly data center operations in the world.
Grant of Stock Options
Pursuant to the Company's stock option plan, the Company has also granted an aggregate of 100,000 stock
options (the "Options") to a business Consultant of the Company at an exercise price of $0.05 per
common share exercisable for a five-year term expiring July 3, 2030. The Options vest as of the date of
the grant. The Options and any common shares issued upon exercise will be subject to a four month and a
day resale restriction from the date of grant.
About Affinor
Affinor is a publicly traded company listed on the CSE under the symbol "AFI" and on the OTCQB under
the symbol "RSSFF". Affinor is well-regarded for its innovative approach to agriculture and focused on
developing vertical farming technologies and systems by using those technologies to grow fruits and
vegetables in a sustainable manner.
To learn more about Affinor, visit: www.affinorgrowers.com
On behalf of the Board of Directors,
Affinor Growers Inc.
Nick Brusatore
Director /CEO
604-356-0411
nick@affinorgrowers.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain statements that may be deemed "forward-looking statements". All
statements in this new release, other than statements of historical facts, that address events or developments
that the Company expects to occur, are forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-
looking statements in this news release includes statements related to the Agreement with FARMX.
Although the Company believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance and actual results
may differ materially from those in the forward-looking statements. Factors that could cause the actual
results to differ materially from those in forward-looking statements include market prices, continued
availability of capital and financing, and general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking statements. Forward-
looking statements are based on the beliefs, estimates and opinions of the Company's management on the
date the statements are made. Except as required by applicable securities laws, the Company undertakes
no obligation to update these forward-looking statements in the event that management's beliefs, estimates
or opinions, or other factors, should change.
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