Upfront Payment Requirements and Procedures

Luxor will collect, at a minimum, the following information from the potential upfront seller to conduct credit profiling procedures:

• Bitcoin mining site information including:
  • Site names, site locations, site activities (i.e., self-mining, hosting, cloud computing), installed capacity (PH & MW), ASIC fleet specifications, power costs and expansion plans.
  • Insurance documents for each site.
  • Power procurement documents for each site (i.e., power purchase agreements, proof of generation capacity, or hosting contracts).
• Proof of legal jurisdiction.
• Mining pool performance data.
• Most recent financials including balance sheet, income statement, cash flow statement (if using accrual accounting) and a list of all future financial obligations and contracts.

Luxor will only proceed with upfront payment after completing credit profiling procedures.