Infrastructure Development

• ARMS 200 units testing in early January, activation late January - fully Tier 3 rated, valued at $12M-$15M per MW
• Alabama site power expanding from 55MW to 70MW (15MW increase approved)

Valuation Metrics

• Current market cap: $250M
• Projected valuation with 200MW operational: ~$2.4B within 12-18 months
• Critical AI infrastructure valued at $12M-$15M per MW
• Tier 1→Tier 3 conversion costs: $3M-$3.5M per MW

Deal Pipeline

• 4 active offers from major players on the table currently
• Targeting 10-15 year contracts with focus on longevity
• CEO stated a deal is "imminent"
• Prioritizing deal security with prepayments/deposits

New York Operations

• State becoming more AI/data center friendly due to critical power shortage
• DGXX's power plant generating high revenues from energy sales
• Filed for grants for turbine replacement (clean energy)
• New 60MW load study approved (99% green: hydro + wind)

Capital Strategy

• CEO invested $8M personal cash since 2016
• ATM program provides liquidity and attracts institutional investors
• Management framing dilution as accretive: investing $3-3.5M per MW to create $12-15M value = 5x return multiplier
• Maintaining strategic equity-to-debt ratio

Investment Thesis

Overwhelming demand + imminent contracts + aggressive infrastructure valuation expansion = potential 10x rerate from current $250M to projected $2.4B valuation.