Cautionary Note Regarding Forward-Looking Statements
Statements made on this website, and in the documents, press releases, and presentations available on or through this website, that are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “believes,” “expects,” “intends,” “plans,” “anticipates,” “aims,” “goal,” “objective,” “target,” “potential,” “estimates,” “projects,” “may,” “will,” “should,” “would,” “could,” and similar expressions, although not all forward-looking statements contain these identifying words.
Forward-looking statements include, among others, statements regarding: the Company’s business strategy, including its “acquire-and-convert” strategy and its planned expansion into artificial intelligence and high-performance computing infrastructure, data center development, and power generation; the Company’s Phase 1 objective of approximately 100 MW of AI-ready capacity and the timing thereof; the proposed acquisition of a majority membership interest in Paradox Data LLC, including the negotiation and execution of definitive documentation, the satisfaction of closing conditions, the anticipated benefits of the transaction, and the energized and potential power and interconnection capacity associated therewith; the Company’s evaluation of additional acquisition and development opportunities; the Company’s financing plans and access to capital, including sales of equity securities under its existing agreements and registration statements; and the Company’s future financial condition, results of operations, and liquidity.
Forward-looking statements are based on management’s current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors, many of which are outside the Company’s control, that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, among others: the Company’s ability to continue as a going concern and to obtain additional financing on acceptable terms or at all; risks that pending acquisitions are not completed on the anticipated terms or timeline, or at all, including failure to negotiate definitive documentation, to satisfy closing conditions, or to obtain required approvals; risks relating to the integration of acquired businesses and the conversion of acquired sites to AI-ready capacity, including construction, interconnection, supply-chain, and customer-demand risks; the availability and cost of electrical power; competition in the data center industry; the dilutive effect of equity issuances, and the potential effect on the market price of the Company’s common stock of sales, or the perception of possible sales, of substantial numbers of shares, including shares registered for resale; the Company’s identified material weaknesses in internal control over financial reporting and the status of its remediation efforts; regulatory developments affecting energy and data centers; and the other risks and uncertainties described under “Risk Factors” and elsewhere in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and registration statements filed with the Securities and Exchange Commission (the “SEC”), which are available at www.sec.gov and on the Investors section of this website.
Any forward-looking statement speaks only as of the date on which it is made. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Undue reliance should not be placed on forward-looking statements.
Nothing on this website constitutes an offer to sell or the solicitation of an offer to buy any securities. Information contained on or accessible through this website, including this cautionary note, is not incorporated by reference into, and does not form part of, any filing the Company makes with the SEC, except to the extent expressly set forth in such filing.