Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 16

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 16
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    ●
    Lower
    flood risk - outside of the 100- and 500- year flood zones in a FEMA X (Unshaded) area

In
late July 2024, we terminated our option agreement to acquire the 80-acre parcel in Imperial County, California as we believe the recently-optioned
property is better suited for our immediate needs.

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 commitments to have an ESG-compliant, clean
digital footprint before 2030. As a result, we believe the availability of nearby clean energy and our ability to produce geothermal
power on our site will provide us a significant competitive advantage in the marketplace.

In
Phase I of our development plan, which we completed in December 2023, we contracted with leading data center advisory firms to complete
site, power and connectivity assessments, feasibility studies, engineering plans and project benchmarking. Phase I of our plan 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 Imperial County site.

    ●
    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.

10

    ●
    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 will provide
    multiple diverse geographic routes of connectivity to our data center site.

    ●
    Linesight,
    a construction consultancy services firm (“Linesight”), to provide cost benchmarking of initial design concepts, and
    to assist with desktop pre-qualification of architect-engineering firms and construction managers.

During
the beginning of 2024, we started Phase II of our data center development plan. Phase II included hiring additional staff and consultants
to