Framework Agreement for a Significant Pre-Order of Hashblades Signed with U.S.-Based Miner

08 Dec 2024 19:03 CET

Lokotech AS, a wholly owned subsidiary of Lokotech Group AS, has signed a
framework agreement for the preorder of its proprietary Scrypt miners, using
Lokotech’s state-of-the-art Scrypt ASICs. The agreement, signed with a private
mining client in the United States, represents potential gross revenue of two to
five million USD for Lokotech AS upon full execution.

The agreement is designed to offer flexibility to both parties, particularly
regarding delivery timelines and order volumes. Under the terms of the contract,
the first installment (deposit) has been received. The second installment, which
will determine the total order value, is due latest at January 31, 2025. The
installment is expected to confirm the final order size in the range two million
to five million USD.

The contract provides Lokotech with a fixed markup while enabling the client to
benefit from economies of scale. The final number of Hashblades delivered under
this framework agreement will depend on multiple factors related to the design
and the market. Beyond the anticipated revenue, this agreement positions
Lokotech to achieve economies of scale more rapidly, and strengthening its
competitive edge.

Lokotech is currently also in discussions with multiple other parties within
this order size range, highlighting the growing market interest in our
proprietary Scrypt mining solutions.

For additional information, please contact: post@lokotech.no.

This announcement is made in compliance with Section 5-12 of the Norwegian
Securities Trading Act and constitutes inside information under the EU Market
Abuse Regulation (MAR). Published on behalf of Lokotech Group AS by Benjamin
Miklozek, CFO, at 19:03 CET on December 8, 2024.

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