other material
confidence high
sentiment negative
materiality 0.70
EdgeMode exits Bitcoin mining, signs data center deal with Cudo Ventures, issues 513M shares to officers
Edgemode, Inc.
- Entered 5-year Master Services Agreement with Cudo Ventures for 1 MW Tier 3 data center hosting; receives $303,548.72 initial payment, monthly rental $75,887.18.
- Shifts from Bitcoin mining to green data center infrastructure; initial services via oral agreement with Synthesis Group AB (no formal contract yet).
- Issued 256,660,163 shares each to CEO Charles Faulkner and officer Simon Wajcenberg at $0.003/share to satisfy $769,989 of accrued salary each.
- Amended 2022 and 2023 options to fully vest immediately, removing prior condition of $15M crypto mining equipment purchase.
- Master Services Agreement with Cudo Ventures includes electricity pass-through and annual CPI caps; deposit required for orders.