CalEthos, Inc. (“CalEthos") is a public company (OTC.BUUZ) that is building wholly owned subsidiary companies focused on energy efficient data center solutions for high-density computing. CalEthos currently has two subsidiary companies, one is focused on developing chips for bitcoin mining machines and the other is designing turn-key bitcoin mining systems that it will manufacture and sell to bitcoin miners. AIQ Systems, Inc. (“AIQS”), a wholly owned South Korean subsidiary, was formed in October 2021 to design a 5nm ASIC chip with GoanChips. As of June 1, 2022, AIQS and its design teams have completed the SHA-256 code, FPGA, and are currently in the process of completing the front and backend design for the chip. AIQS estimates it will complete tape out within the next 45-60 days. Thus far, based on extensive testing and FPGA simulation, AIQS is estimating the chip will achieve competitive performance and power consumption results. AIQS is planning to complete an MPW run of chips at Samsung Foundry before the end of 2022. AIQ Blockchain, Inc. (“AIQB”), a wholly owned U.S. subsidiary, was recently formed in May 2022 to develop, manufacture and sell bitcoin mining systems that will utilize the 5nm ASIC chip developed by AIQ Systems, Inc. AIQB is in the process of designing a 1U hashboard racking system that will be integrated into an industry standard 42U immersion-cooled 100-kilowatt (kW) POD. AIQB plans to integrate up to eight 100kW Bitcoin Mining PODs into a turn-key 8.5’x 40’ container with 1MW of power and cooling. AIQB plans to have 1MW bitcoin mining container prototypes available for customer testing by the end of Q1 2023. For more information on CalEthos and its AIQ subsidiaries, email Michael Campbell at [email protected]