Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 4

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 4
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    No
    need for the hot rock to be permeable or porous

    ●
    All
    the introduced working fluids can be recirculated with zero loss

    ●
    No
    fracking or stimulation is required to establish the engineered geothermal reservoir.

These
advantages mean closed-loop geothermal systems can be placed anywhere in the world as a source of carbon-free, baseload energy, with
no impact to natural water resources and significantly reduced risk of induced seismicity.

In
July 2024, we contracted to purchase 315-acres of land and are planning to option an additional 320-acres in the next couple of months.
We believe the site we have chosen to develop is a unique location that will provide us with a rare opportunity to vertically integrate
clean, onsite, baseload geothermal energy with a 24/7 data center operation. We believe 100% clean-energy-powered data centers are an
important element in the ability of the U.S. to meet its carbon neutral climate goals and for hyperscale and enterprise IT companies
to meet their shareholder and customer climate commitments to have a compliant, clean digital footprint. As a result, we believe the
availability of nearby clean geothermal energy for our Imperial County site will provide us with a significant competitive advantage
in the marketplace.

3

Since
mid-2022, we have contracted with leading data center and energy advisory firms to complete site, power and connectivity assessments,
feasibility studies, engineering plans, master-planned development and design, and project benchmarking. These have included engaging:

    ●
    HDR
    Engineering, Inc., a global professional services firm specializing in architecture, engineering, environmental and construction
    services (“HDR Engineering”), to complete a site assessment, project feasibility study, and the initial shovel-ready
    site development plan for our master planned data center campus.

    ●
    ZGlobal,
    Inc., a power engineering and energy solutions firm (“ZGlobal”), to assess all available power and transmission routes
    in the immediate area of the site and to develop a plan to access power from close by geothermal and solar producers via Behind-The-Meter,
    Off-Take and Power Purchase Agreements directly and through agreements with the local grid operator.

    ●
    American
    Dark Fiber, Inc., a provider of dark fiber connectivity to municipalities, carriers, anchor institutions, content developers, data-center
    operators, and other sophisticated private network users, to develop a robust fiber-based infrastructure that