Company: GEDC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023306
Chunk: 30

Company: CalEthos, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 30
---
 natural gas fuel cells and turbines are allowed and in which we can acquire access to
natural gas pipeline and capacity for delivery within a reasonable timeframe. We are still considering the use of geothermal power,
but are no longer considering the development of the well field, only the co-development and ownership of the power plants as the
off-taker and user of the power produced.

We believe TerraVolt’s IaaS Platform will address
many time-to-power challenges for the data center industry. With AI, cloud computing and high-performance computing driving exponential
growth in electricity consumption, the demand for entitled property with the required infrastructure and a proven path to power in a
favorable timeframe has become critical:

    ●
    The U.S. data center industry
    currently consumes 4% of all electricity produced in the United States and is projected to consume as much as 10% within the next
    five years.

    ●
    Grid-served power is becoming
    less predictable in both cost and availability, and the data center industry is seeking alternative power solutions that accelerate
    deployment timelines while meeting the critical demands for reliability, sustainability and cost-effectiveness.

    ●
    Hyperscale, colocation
    providers, and data center developers are looking beyond traditional power generation and transmission to solutions that offer better
    time-to-power that will help them deliver capacity faster.

TerraVolt has recently assembled a team of land use
and data center experts that are currently evaluating a number of locations with favorable energy resources and welcoming local, county
and state officials that will support timely power plant construction, behind-the-meter power delivery, and large-scale data center developments.
However, we currently have only limited capital with which to pay our anticipated expenses. To fund our business plan going forward, we
intend to raise funds from investors by issuing our common stock, preferred stock and/or debt securities.

Results
of Operations for the nine months ended September 30, 2025 and 2024

The
table summarizes the results of operations for the nine months ended September 30,

    Change 

    2025  
    2024  
    Dollar  
    Percentage 
  
    Revenues 
    $-  
    $-  
    $-  
     -%

    Operating Expenses 

    Professional fees 
     270,000  
     300,000  
     (30,000) 
     (10.0)
  
    Equity-based compensation