Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 2

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 2
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 the Company has not funded or consummated this or any other non-binding agreements.

On
July 1, 2025, C2 Blockchain entered into a non-binding Letter of Intent with A.R.T. Digital Holdings Corp. regarding a potential acquisition
of a 20% equity interest in the “McAllen Project,” a digital infrastructure project located in Texas and owned by a wholly
owned subsidiary of A.R.T. Digital. The proposed purchase price is $1,000,000, payable in one or more tranches over 90 days, subject
to extension. This investment remains subject to negotiation of definitive agreements, due diligence, and funding. As of the date of
this filing, no funds have been advanced, and no transaction has been consummated.

Corporate
Status

The
Company is a development-stage company focused on cryptocurrency mining and related digital asset investments. The Company utilizes home
office space provided at no cost by its sole officer and director, Levi Jacobson. The Company’s principal address is 12818 SW 8th
St Unit #2008 Miami, FL 33184, and its phone number is 888-437-3432. The Company has elected June 30 as its fiscal year end.

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Table
of Contents

(b)
Business Summary

Business
Focus

The
Company is a development-stage blockchain infrastructure business focused on cryptocurrency mining, digital asset treasury management,
and related technology initiatives. The Company is in the early stages of development and faces significant operational and financial
constraints that may affect both the timing and scope of its activities.

Cryptocurrency Mining Facility

The Company
plans to establish a 14-megawatt (MW) Bitcoin mining facility, with a proposed location in Atlanta, Georgia, due to the availability
of relatively low-cost electricity and environmental conditions favorable for equipment cooling. As of the date of this filing, the Company
has not identified, secured, or negotiated any specific site for the facility. The Company is evaluating potential locations and related
financial feasibility before committing to procurement or construction activities. No revenues have been generated from this planned
operation, and there is no assurance that it will become operational or profitable.

The planned
facility would be custom-designed with ventilation and cooling systems to support mining hardware performance and longevity, and would
connect to the local power grid as its primary electricity source. The Company intends to use Application-Specific Integrated Circuit
(ASIC) miners, specifically the S19 XP model, designed to mine cryptocurrencies using the SHA-