Company: GEDC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023834
Chunk: 78

Company: CalEthos, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 78
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 contract new parcels zoned for data center development.

In
May 2025, we established TerraVolt Infrastructure, Inc. (TerraVolt) as a wholly owned subsidiary that will develop similar
clean energy-powered data center developments in other states with known favorable zoning for onsite power and geothermal
resources.

TerraVolt’s
solution is an innovative Infrastructure-as-a-Service (IaaS) platform (“IaaS Platform’) that will integrate a portfolio
of grid and behind-the-meter power with, construction-ready data center building sites that will
include utilities and fiber connectivity. TerraVolt plans to provide its IaaS Platform as a turnkey solution to hyperscalers,
colocation providers, and data center developers seeking to deploy new capacity faster than with traditional power
generation and transmission.

We
believe TerraVolt’s IaaS Platform will address energy challenges for the data center industry. With AI, cloud computing, and
high-performance computing driving exponential growth in electricity consumption, the demand for sustainable, clean energy-powered
infrastructure has become critical:

    ●
    The
    U.S. data center industry currently consumes 4% of all electricity produced and is projected to consume as much as 10% within the
    next five years.

    ●
    Grid-served
    power is becoming less predictable in both cost and availability, and the data center industry is seeking alternative power solutions
    that accelerate deployment timelines while meeting the critical demands for reliability, sustainability, and cost-effectiveness.

    ●
    Hyperscale,
    colocation providers, and data center developers are looking beyond traditional generation and transmission to solutions that offer
    better time-to-power and cleaner energy that helps them deliver capacity faster and achieve their carbon-neutral goals.

    ●
    Critically,
    we estimate, that less than 5% of existing data centers are powered “directly”
with clean energy.

TerraVolt
has recently assembled a team of land use and geothermal experts that are currently evaluating a number of locations with favorable geothermal
resources and welcoming local, county and state officials that will support timely power plant construction, behind-the-meter power delivery,
and large-scale data center developments.

We
currently have only limited capital with which to pay these anticipated expenses. To fund our business plan going forward, we intend
to raise funds from investors by issuing common stock, preferred stock and/or debt securities.

Results
of Operations for the six months ended June 30, 2025 and 2024

The
table summarizes the