Oslo, 30 June 2025

Lokotech is pleased to announce that work on the commercial scale Scrypt ASIC
has progressed into the final tape-out stages. Sign-off of quadrant review
checklists has started and are steadily progressing towards its end. Based on
this, the company anticipates completing tape-out by 7th of August 2025. In the
lead-up to this milestone, our subcontractors, including our I.C. assembly
partners, and the foundry producing the mask set and consecutive wafers, will
conduct final design rule checks and characterization tests. This might
introduce some schedule variance, but the design team, the technical committee
and the company's management are confident that the tape-out date will not
deviate by more than 10 days (earlier or later) from the estimated date 7th of
August. Accordingly, first deliveries of Lokotech hash blades and
industrial-scale miners are now projected to begin in early Q4 2025.

This information is subject to disclosure under the Norwegian Securities Trading
Act, §5-12.