Operational update

Lokotech AS, a wholly owned subsidiary of Harmonychain AS, has today made important progress on verification of the MPW chiplet.

The prototype is now hashing live on the main network from Norway. The hashing is verified by an independent third party.

It is an important milestone to go from testing in a simulated environment to verifying that the design also works as expected when receiving real computation jobs from the Litecoin and Dogecoin networks. The technology is now considered Technology Readiness Level 5 (ISO 16290:2013).

The number of unique customers who have indicated their interest has exceeded 2,200, and this is before customer demonstrations have taken place. We expect the number to increase as a result of having reached this milestone in the period leading up to the opening of the pre-sale. The size of the customers varies from a few to several thousand units.

This information is mandatory in accordance with Section 5-12 of the Securities Trading Act. This information constitutes inside information and is subject to duty according to the Market Abuse Ordinance (MAR). The message is published on behalf of Harmonychain AS by Ola Stene-Johansen, managing director, at 18.00, 16 September 2023.