Framework Agreement for a Significant Pre-Order of Hashblades Signed with U.S.-Based Miner

Lokotech AS, a wholly owned subsidiary of Lokotech Group AS, has signed a framework agreement for the preorder of its proprietary Scrypt miners, using Lokotech’s state-of-the-art Scrypt ASICs. The agreement, signed with a private mining client in the United States, represents potential gross revenue of two to five million USD for Lokotech AS upon full execution.

The agreement is designed to offer flexibility to both parties, particularly regarding delivery timelines and order volumes. Under the terms of the contract, the first installment (deposit) has been received. The second installment, which will determine the total order value, is due latest at January 31, 2025. The installment is expected to confirm the final order size in the range two million to five million USD.

The contract provides Lokotech with a fixed markup while enabling the client to benefit from economies of scale. The final number of Hashblades delivered under this framework agreement will depend on multiple factors related to the design and the market. Beyond the anticipated revenue, this agreement positions Lokotech to achieve economies of scale more rapidly, and strengthening its competitive edge.

Lokotech is currently also in discussions with multiple other parties within this order size range, highlighting the growing market interest in our proprietary Scrypt mining solutions.

For additional information, please contact: post@lokotech.no.

This announcement is made in compliance with Section 5-12 of the Norwegian Securities Trading Act and constitutes inside information under the EU Market Abuse Regulation (MAR). Published on behalf of Lokotech Group AS by Benjamin Miklozek, CFO, at 19:03 CET on December 8, 2024.