Company: CBLO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001599916-25-000058
Chunk: 9

Company: C2 Blockchain, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 9
---
2025 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

C2 Blockchain, Inc. has commenced initial operations and is pursuing plans to develop a 14-megawatt (MW) Bitcoin mining facility in
Georgia, U.S. The Company’s goal is to mine Bitcoin using ASIC hardware to validate blockchain transactions and earn digital asset
rewards.

The facility is expected to utilize prefabricated mining containers for rapid deployment and operational efficiency. However, development
remains speculative and entirely dependent on the Company’s ability to obtain sufficient funding. To date, no land has been acquired,
and construction has not begun.

Key objectives - subject to securing adequate funding - include:

 - Acquiring land for the 14MW mining facility 

- Procuring and deploying mining infrastructure

- Partnering