secwatch.observer — SEC 8-K summary
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Issuer:     CalEthos, Inc. (GEDC)
CIK:        0001174891
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001493152-24-029802
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CalEthos options 315 acres in Lithium Valley for $5M data center campus, drops prior site
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- Signed option agreement on July 22, 2024, to purchase 315 acres for $5M in Imperial County, CA; initial one-year term, extendable six months.
- Terminated prior option for 80-acre parcel on July 24, citing better suitability of new site.
- First development phase planned as 100-acre/420-MW campus with up to 1M sq ft of clean-energy-powered data centers.
- Company cites larger industrial zoning, high-voltage transmission access, proximity to geothermal plants, and lower flood risk.
- Press release includes supportive statements from Imperial County, IID, and IVEDC highlighting economic and energy benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174891/000149315224029802/0001493152-24-029802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174891/000149315224029802/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029802

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