Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 0

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 0
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We
are a data center infrastructure developer that is developing a large-scale, geothermal powered data center campus in Southern
California. Our development site is located in Imperial County on the edge of California’s Lithium Valley, which is one of
the world’s largest known geothermal and lithium resources. Imperial County has an abundance of geothermal energy that
radiates from a shallow lava flow between the North America and Pacific tectonic plates. The potential geothermal energy that can be
harvested for baseload data center power with flash, binary, and advanced closed-loop geothermal
technologies is projected to be in the tens of gigawatts.

Over
the past three years, we have been working with Imperial County government officials, Imperial County Planning & Development, the
Imperial County Board of Supervisors, Imperial Irrigation District (“IID” - the local electric utility), Imperial Valley
Economic Development Corp and various established local geothermal power producers, as well as closed-loop geothermal technology
companies to develop a portfolio of geothermal energy resources to power a large-scale, master-planned data center campus.

In
July 2024, we canceled an option to purchase an 80-acre site and optioned a new 315-acre site for our data center campus
development, and we are in the process of contracting an additional 320 adjacent acres that will be used for onsite geothermal power
production in the future. Combined, these properties will create our master planned, 635-acre, vertically-integrated,
geothermal-powered data center campus. The overall infrastructure is planned to include a switchyard/substation to connect off-site
power through the local grid and onsite geothermal power production to our data center buildings, connections for natural gas for
back-up generators, and diverse fiber paths for internet connectivity, water/sewer, and other utilities and services required to
build and operate data center facilities on the campus. Overall, the site is being planned to support:

    ●
    Onsite
    production of a gigawatt or more of geothermal power; 

    ●
    A
    switchyard for offsite geothermal/solar/battery power connections from providers through the local grid;

    ●
    Twelve
    25-acre building lots, each of which can support up to 250,000 square feet of data center buildings; and 

    ●
    Connections
    for gas, water, sewer and fiber connectivity.

We
plan to offer hyperscale and data center development companies the