Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 1

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 1
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 following options:

    ●
    Powered
    land leases (building lots with power)

    ●
    Powered
    shell leases (a basic building with power)

    ●
    Build-to-suit
    leases (completed buildings with power based on a customer’s design)

    ●
    Co-development
    with data center developers (we and a data center developer will jointly build out a section of the campus)

1

We
plan to lease powered building lots or powered shell buildings, or to provide build-to-suit completed buildings, to large enterprise
information technology (IT) companies that are creating or addressing the growing demand for AI, Cloud and High-Performance
Computing (HPC) digital services. We are currently in discussions with a number of these companies and, based upon the interest we
have received thus far from potential tenants, we expect that we will have agreements signed to lease all or a substantial part of
the development by the end of 2025 or early 2026.

In addition to our Southern California site, we are identifying and evaluating
sites in other states that have adequate land, geothermal resources and internet connectivity that can support a one gigawatt or larger
data center campus. We believe there are numerous areas in the country where advanced closed loop geothermal technology can economically
harvest energy for onsite use in data centers and other energy intense industries.

Data
centers are highly specialized and secure buildings that house networking, storage and communications technology infrastructure, including
servers, storage devices, switches, routers and fiber optic transmission equipment. They are designed to provide the space, power, cooling
and network connectivity necessary to efficiently operate mission-critical IT equipment. Telecommunications carriers and internet providers
typically provide network access into a data center through optical fiber connections. The demand for data center infrastructure is being
driven by many factors, but most importantly by significant growth in data and increased demand for data processing and storage infrastructure.
The market for data center facilities includes established “traditional” enterprises that are web-enabling their applications
and business processes, as well as cloud-centric companies with sophisticated technology requirements.

There
are many types of data centers and service models available in the marketplace. Generally, their classification depends on whether they
are owned by one or many organizations, how they fit into the topology of other data centers, what technologies they use for computing
and storage, and even their energy efficiency. However, there are four main types of data centers:

    ●
    Enterprise
    Data Centers