Bitzero Holdings Inc. Shares Operational Update

Executive Summary

• Bitzero Holdings increased its self-mining hashrate by ~59% to ~2.80 EH/s, currently generating approximately 1.1 Bitcoin per day.
• The company is advancing a multi-phase infrastructure expansion, targeting 110 MW of energized capacity by Q4 2026 (~10.0 EH/s) and a further expansion to 325 MW by Q4 2027 (~30.0 EH/s).
• Operational profitability is being enhanced through reduced blended power costs (~US$0.03-0.035/kWh) following new power purchase agreements.

Key Details

• Hashrate Increase: Grew from 1.76 EH/s (reported Sept 2025) to ~2.80 EH/s, representing a ~59% increase.
• Mining Output: Currently producing ~1.1 Bitcoin per day at the current operating level (subject to network conditions).
• Power Cost Reduction: Blended power cost lowered to approximately US$0.03-0.035 per kWh following the execution of new power purchase agreements.
• Phase 1 Expansion: 110 MW of energized capacity expected by Q4 2026; projected to support ~10.0 EH/s if fully allocated to Bitcoin mining.
• Phase 2 Expansion: Planned completion by Q4 2027; total energized capacity will reach ~325 MW, potentially supporting up to ~30.0 EH/s if fully dedicated to Bitcoin mining.
• Infrastructure Footprint: Operations are distributed across four data center locations in North America and Scandinavia, powered by clean, low-carbon energy sources.

Notable Quotes

• "The steady growth of our compute power is a direct reflection of our disciplined execution and long-term strategy," said Mohammed Bakhashwain, CEO and President of Bitzero. "With our expansion well underway, we're scaling efficiently, strengthening our infrastructure, and positioning the company to capture meaningful value as the Bitcoin network continues to evolve."