Large Pre-Order of Hashblades Signed with Private U.S.-Based Miner

27 Mar 2025 13:00 CET

Lokotech AS, a wholly owned subsidiary of Lokotech Group AS, has signed its
third framework agreement for the pre-order of its proprietary Scrypt miners,
powered by Lokotech’s upcoming Scrypt ASIC technology. The agreement, signed
with a private U.S.-based client, represents a gross revenue of USD 1 million
upon full execution.

Including this latest agreement, Lokotech AS now holds pre-orders totaling
between USD 7 million and USD 13 million, as previously announced.

This framework agreement secures Lokotech a fixed markup, while allowing the
client to benefit from economies of scale. The final volume of Hashblades to be
delivered under the agreement will be influenced by several factors, including
design specifications and prevailing market conditions.

The client has also expressed interest in hosting the equipment with Lokotech in
Norway. This introduces an additional revenue stream opportunity for Lokotech
Group, with sale of hosting services.

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

This announcement is made pursuant to Section 5-12 of the Norwegian Securities
Trading Act and contains inside information as defined in the EU Market Abuse
Regulation (MAR). Published on behalf of Lokotech Group AS by Benjamin Miklozek,
CFO, at 13:00 CET on 27.03.2025.

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