Flora's $401M Move: Disrupting Centralized AI Using Decentralized Blockchain
Flora Growth Corp. (NASDAQ: FLGC) has obtained $401 million through a private placement as it shifts direction to become a decentralized AI infrastructure provider, now operating under the new name ZeroStack. The funding round was spearheaded by DeFi Dev Corp., Hexstone Capital, and Carlsberg SE Asia PTE Ltd, and consists of $366 million in digital assets and $35 million in cash. The capital will facilitate the purchase of $0G tokens, the core cryptocurrency fueling the 0G ecosystem, which supports a blockchain tailored for distributed AI infrastructure. The offering features pre-funded warrants for accredited investors, which can be exercised after shareholder approval Flora Growth Corp. (NASDAQ: FLGC) Announces $401 Million Funding with a … [ 1 ].
Billed as the "largest AI-first blockchain," the 0G blockchain reports having trained an AI model with 107 billion parameters using distributed computing clusters over low-bandwidth internet—an advancement the company says is 357 times more efficient than Google’s DiLoCo study. This, they contend, shows that decentralized AI training can succeed without relying on centralized data centers. 0G merges storage, computing power, and training marketplaces into a unified platform, allowing both Web2 and Web3 developers to build AI tools that are "transparent, verifiable, and privacy-focused" Flora Growth Corp. (NASDAQ: FLGC) Announces $401 Million Funding with a … [ 1 ].
As part of its brand transformation, ZeroStack has named 0G co-founder Michael Heinrich as Executive Chairman and Daniel Reis-Faria as CEO. The organization will also retain part of its treasury in
The 0G network has experienced swift growth, now boasting more than 350 integrations spanning 236 projects that involve decentralized finance (DeFi), gaming, and analytics platforms. Notable projects like Oro (enterprise AI sourcing) and Warden Protocol (AI co-pilot blockchain) showcase the adaptability of 0G’s framework. An $88.88 million fund drives expansion in the ecosystem, backed by partners such as
Importantly, 0G’s technical design aims to overcome scalability issues and cost challenges in the decentralized AI space. Its architecture features four layers—chain, storage, data availability, and compute—facilitating distributed AI training and execution at greatly reduced expenses. For example, its testnet processed 339 million transactions, achieving 2,500 TPS and utilizing 8,000 validator nodes, signaling readiness for the mainnet debut .
Experts observe that Flora’s transition to 0G matches a rising institutional appetite for blockchain-enabled AI solutions. The company is winding down its former role as a pharmaceutical distributor via Phatebo GmbH, marking a decisive move toward Web3 infrastructure. Nonetheless, the company faces ongoing hurdles, such as regulatory ambiguity and price instability for $0G tokens. A note in the press release warns that future performance could significantly deviate from current expectations Flora Growth Corp. (NASDAQ: FLGC) Announces $401 Million Funding with a … [ 1 ].
