CalEthos pivots from cannabis to crypto mining hardware; plans name change to AIQ Blockchain

CalEthos, Inc.

Plans to develop a 5nm ASIC chip and immersion-cooled bitcoin mining systems targeting >50% energy reduction vs. air-cooled miners.
Intends to change corporate name to AIQ Blockchain, Inc. and trading symbol to AIQB.QB, pending FINRA approval.
Development timeline estimated at 10-12 months; prototypes for 1/4 and 1/2 MW systems planned.
Funding for development to be raised through equity or debt financings from accredited investors.
Company shifting away from cannabis superstore strategy due to lack of financing in that sector.

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