secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001683168-25-001184
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EdgeMode exits Bitcoin mining, signs data center deal with Cudo Ventures, issues 513M shares to officers
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825001184/0001683168-25-001184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825001184/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001184

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer