Lokotech Group ASA

Share Issue/Capital Change • Mar 27, 2025

Large Pre-Order of Hashblades Signed with Private U.S.-Based Miner

Large Pre-Order of Hashblades Signed with Private U.S.-Based Miner

Lokotech AS, a wholly owned subsidiary of Lokotech Group AS, has signed its third framework agreement for the pre-order of its proprietary Scrypt miners, powered by Lokotech’s upcoming Scrypt ASIC technology. The agreement, signed with a private U.S.-based client, represents a gross revenue of USD 1 million upon full execution.

Including this latest agreement, Lokotech AS now holds pre-orders totaling between USD 7 million and USD 13 million, as previously announced.

This framework agreement secures Lokotech a fixed markup, while allowing the client to benefit from economies of scale. The final volume of Hashblades to be delivered under the agreement will be influenced by several factors, including design specifications and prevailing market conditions.

The client has also expressed interest in hosting the equipment with Lokotech in Norway. This introduces an additional revenue stream opportunity for Lokotech Group, with sale of hosting services.

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

This announcement is made pursuant to Section 5-12 of the Norwegian Securities Trading Act and contains inside information as defined in the EU Market Abuse Regulation (MAR). Published on behalf of Lokotech Group AS by Benjamin Miklozek, CFO, at 13:00 CET on 27.03.2025.