Production and Operations Summary

1 Total hash rate under management as of December 31, 2024 across the Company's three primary business lines: Self-mining, Cloud Hash Rate, and Hosting.

• Self-mining refers to cryptocurrency mining for the Company's own account, which allows it to directly capture the high appreciation potential of cryptocurrency.
• Cloud Hash Rate offers hash rate subscription plans and shares mining income with customers under certain arrangements. The Cloud Hash Rate stated above reflects the contracted hash rate with customers at month-end. However, throughout the month, the Cloud Hash Rate may transition to Self-mining hash rate if customers opt to not make their monthly electricity payments for various reasons.
• Hosting encompasses a one-stop mining machine hosting solution including deployment, maintenance, and management services for efficient cryptocurrency mining.
  

2 Self-owned mining machines are for the Company's self-mining business and Cloud Hash Rate business.
3 Bitcoins held do not include the Bitcoins from deposits of the customers.

Infrastructure Construction Update

Rockdale, Texas – 100 MW Hydro-cooling conversion to be energized in phases in Q1 2025:

• Cooling system will be delivered and installed in phases in Q1 2025.
• Planning for phased energization between January and March 2025.

Tydal, Norway – 175 MW site expansion anticipated to be fully energized by mid-2025:

• Installation of the transformers has been completed, with the delivery and installation of electrical equipment currently in progress. Additionally, the procurement and delivery of containers and hydro-cooling systems are underway, and drainage systems construction is ongoing.
• Tydal, Norway Phase 1 40 MW expansion pending regulatory approval. Energization of the full 175 MW site is reasonably expected to be no later than mid-2025.

Massillon, Ohio – 221 MW site construction has begun ahead of schedule:

• Substation construction is underway and is expected to be completed in Q3 2025.
• Building design is completed and construction has begun earlier than expected, estimated to be completed in phases between Q3 and Q4 2025.
• Estimated energization timeline remains on track for mid-to-late 2025.
  

Jigmeling, Bhutan – 500 MW site is progressing well, with the following key milestones achieved:

• Construction of transformer and container foundations in progress and will be completed in phases, with the last phase expected by the end of February 2025.
• 132kb/140MW and 220kv/360MW substation designs are completed with construction anticipated to be ready by the end of Q1 2025.
• Orders for the procurement of transformers and electrical equipment have been placed, with delivery and installation work to be completed in phases over Q1 and Q2 2025.
• Procurement and delivery of containers and hydro-cooling systems are in progress, with completion in phases by the end of Q1 2025.

4 Indicative timing. All timing references are to calendar quarters and years.
5 Figures may not add up due to rounding.