Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 401

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 3
Chunk 401
---
 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 complete environmental, health and safety and cyber security procedures and to develop a set of data center operating procedures to
meet hyperscale customer pre-qualification requirements. During this phase, we also developed requests for proposals (RFPs) and contract
packages for contracting an engineering/design firm and general contractor. In addition, we ramped up our operating staff to support
the infrastructure and building design processes and the development of building plans and the permit packages. We also undertook and
completed utility studies, transmission planning, site layouts and substation designs.

We are currently in the process of completing our vertically-integrated,
geothermal-powered data center campus land-use plan and zone change with Imperial County Planning and Development. We expect that land
use and conditional zone change approvals will be completed by the end of 2025 or during the first quarter of 2026. In parallel, we are
completing our plans, timelines and budgets for all required county and state environmental studies and reports, which we expect to have
completed and filed for data center campus construction, onsite