Second Major Framework Agreement for Pre-Order of Hashblades Signed with U.S.-Based Miner

07 Feb 2025 08:00 CET

Lokotech AS, a wholly owned subsidiary of Lokotech Group AS, has signed a second
framework agreement for pre-order of its proprietary Scrypt miners, utilizing
Lokotech’s state-of-the-art Scrypt ASICs. The agreement, signed with a private
mining client in the United States, represents a potential gross revenue of two
to five million USD for Lokotech AS upon full execution. This totals Lokotech AS
pre-orders including earlier published Framework agreement (08.12.2024) within
the range 6 to 12 million USD.


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, while the second installment,
which will determine the total order value, is due no later than February 28,
2025. This payment is expected to confirm the final order size, which will be
finalized in the coming weeks.


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


In addition, the client has expressed interest in having Lokotech host a
significant portion of the total purchase order in Norway. This arrangement
would provide the client with access to cost-effective and reliable power while
ensuring faster delivery times to maximize uptime. Furthermore, it creates an
additional revenue stream for Lokotech, as hosting would be managed alongside
its self-mining operation.


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 8:00 CET on February 7, 2025.

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