BITMINE IMMERSION TECHNOLOGIES INC

We have entered into an agreement with Telecommunications Services of Trinidad & Tobago Limited (“TSTT”), the largest and oldest telecom company in Trinidad, to co-locate up to 125 800 kw containers for hosting digital asset miners. TSTT has up to 93 potential locations for co-location of our containers. Under the agreement, we have the option, but not the obligation, to co-locate containers at our own pace. We pay a fixed amount per container, plus the actual electricity costs incurred by our containers in the amount billed to TSTT by the local utility without any markup. The agreement provides that our hosting containers will be billed for electricity usage at the local utility’s standard rates, which is the greater of 3.5 cents per kwh or 75% of the declared reserve capacity, which is equal to the customer’s highest expected monthly kilovolt-ampere demand at $7.40. The term of the agreement expires on October 14, 2031. However, we have the right to terminate our agreement with TSTT at any time that the price for electricity consumption exceeds $0.05 per kwh. Also, both parties have the right to terminate the agreement on one month notice to the other party in either the third or sixth year of the term.

We have entered into an oral agreement with a third party in Trinidad to host 60 miners at their location on an at will basis. We pay a flat rate of $0.06 per kwh for the electricity used by our miners.

We entered into a hosting agreement with ROC Digital dated April 7, 2023, under which we have the right to locate a hosting container on ROC’s property in Pecos, Texas. The initial term of the agreement is from May 1, 2023 to April 30, 2024, and we have the option to extend the term of the agreement for two additional one year terms after seeing the terms of the power agreement available to the property for the next year. We elected to extend the hosting agreement for an additional year running from May 1, 2024 to April 30, 2024. Under the agreement, we pay ROC $500 per month, plus our pro rata share of internet service to the property and insurance, plus the cost of any electricity used by our hosting container.

We entered into a hosting agreement with DVSL ComputeCo, LLC (“DVSL”) to host 2,880 miners at its hosting facility in Texas. Under the agreement, we are obligated to reimburse DVSL for the actual cost of the electricity used by the Company’s machines, plus 1.6 cents per kwh, and pay a hosting fee equal to 50% of the net profit generated by the machines each month. The hosting facility has an electricity cost of $0.025 per kwh and guarantees uptime of 95% per week. The agreement has a term of 12 months.

We entered into a hosting agreement with DVSL ComputeCo, LLC (“DVSL”) to host 2,880 miners at its hosting facility in Texas. Under the agreement, we are obligated to reimburse DVSL for the actual cost of the electricity used by the Company’s machines, plus 1.6 cents per kwh, and pay a hosting fee equal to 50% of the net profit generated by the machines each month. The hosting facility has an electricity cost of $0.025 per kwh and guarantees uptime of 95% per week. The agreement has a term of 12 months.

The Company’s president allows the Company to utilize the office space of an affiliated company for its executive offices without charge to the Company.