Company: CBLO
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001599916-25-000009
Chunk: 6

Company: C2 Blockchain, Inc.
Filing Date: 2025-02-03
Form: 10-Q
Item: Item 1
Chunk 6
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 loan to the Company which is non-interest-bearing, unsecured and payable on demand. As of the filing date
of this report, the related party loan to the Company totaled $79,318.

The results for the three months ended December 31, 2024 are not
necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be
read in conjunction with the  financial statements and footnotes thereto included in the Company’s Annual Report
on Form 10-K for the year ended June 30, 2024, filed with the Securities and Exchange Commission on August 20, 2024.

F-7

    ITEM
    2
    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
    CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

Certain statements, other than purely historical
information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results,
and the assumptions upon which those statements are based, are “forward-looking statements.”

These forward-looking statements generally are identified
by the words “believes,” “project,” “expects,” “anticipates,” “estimates,”
“intends,” “strategy,” “plan,” “may,” “will,” “would,” “will
be,” “will continue,” “will likely result,” and similar expressions.

Forward-looking statements are based on current expectations
and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking
statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which
could have a material adverse effect on our operations and future prospects on a consolidated basis include, but are not limited to:
changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted
accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance
should not be placed on such statements.

Company Overview

We
have not yet commenced any material operations. The Company plans to build a 14 MW Bitcoin mining facility in Georgia U.S. specifically
designed for hosting cryptocurrency mining equipment and mining Bitcoin for our own account. Cryptocurrency
mining (e.g. bitcoin mining) entails running ASIC (application-specific integrated circuit) servers or other specialized servers which
solve a set of prescribed complex mathematical calculations in order to add a block to a blockchain and thereby confirm