Letter of Intent with major Asian listed technology company

“This is a breakthrough agreement for Harmonychain. This is the first agreement Harmonychain signs with a billion+ NOK listed technology company. Not only are we recognized as a partner in Scandinavian, we are also trusted to co-negotiate in the US on behalf a much bigger company than Harmonychain.”

- Ola Stene-Johansen | CEO

January 12, 2022: We are pleased to announce that a Harmonychain subsidiary has signed a non-binding letter of intent (LOI) with a major Asian stock exchange listed technology company to explore data center cooperation in the United States. The market capitalization of our counterparty exceeds 1 billion NOK. The LOI specifies discussing with potential data center owners a potential purchase of properties in the United States with 30-120 MW of electricity capacity available. Several cooperation models have be discussed, but it is too early to say if or what this will potentially mean economically for Harmonychain.

Harmonychain have also been discussing data center cooperation with this Asian stock exchange listed technology company for Scandinavian locations. If these discussions lead to a contract, this will naturally be reported to the market.