Business
Affinor Growers : Signs Strategic Advisory Agreement With Blocklab
Affinor Growers : Signs Strategic Advisory Agreement With
About this update from Affinor Growers Inc.
[{"type":"text","content":"\n Affinor Growers Inc. entered into a strategic advisory agreement dated July 3, 2025, with Blockchain Labrador Corp. (BlockLab), which 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.\n \n \n 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 five cents per common share.\n \n \n 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.\"\n About BlockLab\n 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 and 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.\n \n \n BlockLab's pioneering model represents a paradigm shift in both the cryptocurrency and agriculture sectors. By repurposing the wa...