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Company Presentation and Market update Trondheim, 14th of October 2026
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Todays Speakers 2 Ola Stene-Johansen Group CEO Christoffer Løvdal Group CFO
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Disclaimer This presentation has been prepared by Lokotech Group A/S (the “Company”) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Certain statements included in this presentation contain various forward-looking statements that reflect management’s current views with respect to future events and financial and operational performance. The words “believe,” “expect,” “anticipate,” “intend,” “may,” “plan,” “estimate,” “should,” “could,” “aim,” “target,” “might,” or, in each case, their negative, or similar expressions identify certain of these forward-looking statements. Others can be identified from the context in which the statements are made. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include but are not limited to the Company’s ability to operate profitably, maintain its competitive position, to promote and improve its reputation, to successfully execute its strategy and the impact of changes in pricing policies, political and regulatory developments in the markets in which the Company operates, and other risks. The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained herein. Accordingly, neither the Company nor its subsidiary undertakings or any of such person’s officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this document. 3
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4 GROUP STRUCTURE – THE STRATEGIC ADVANTAGE OF BEING PUBLIC Application Specific Integrated Circuit “ASIC” Owns and operates the mining pool PowerPool.io Three datacenter projects in various development stages SPV for future AI business Group AS 100% 67% 100% 100% Hosting services in Northern Norway 100% Nordic Green Data Center AS Former Filecoin venture Today a project company for HPC / AI DC What does this conglomerate do?
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Lokotech AS – Hardware that “does the work” 5 TIMELINE 2019-2021 2022 Commercial scale design completed -> too large die size Redesign initiated First Design phase 2021 Silicon is in Malaysia for packaging Initial R&D Breakthrough Proved “secret sauce ingredient” Capital raise process initiated. Deal made late 2020 Capital raised and listing on Euronext Growth for MPW and PoC 2024 MPW-run validated Core technology Road towards commercialization starts 2025 Financing of Tape- out secured in May/June Dry runs started late 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027-> GDS-II Sign off Tape out! Road to mass- production initiated LOI for Edge AI JV signed – negotiations started Mask Set completed and wafers are soon finished processing Packaged chips return First silicon bring- up in commercial size chips Re-spin layers? Fixes required? First commercial product shipped
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Chip Status: Journey to Mass Production has started 6 5 years of R&D – Successfully completed design of dual-use chip After a series of rigorous design iterations, comprehensive simulations, testing, and validation, Lokotech has developed a groundbreaking dual - use chip for blockchain mining (Scrypt ASIC) and Edge AI Inference Outperforming current market leader Testing and simulations demonstrate that the chip outperforms the market leader and closest peer (Bitmain), offering 2x greater energy efficiency in blockchain mining. • • • Market conditions stagnant Hashrate remains stable throughout 2026 6 L11 Hashrate: 20 Gh/s Power: 3680W Efficiency: 0.19 J/Mh Algorithm: Scrypt Hashrate: 18,64 Gh/s Power: 1750W Efficiency: 0.09 J/Mh Algorithm: Scrypt Advantage: ~111%
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Key considerations of the ASIC vertical 7 Improve reliability and programmability An integration of an on-chip microcontroller, enhances reliability and programmability to mitigate minor flaws in the mask set Process to improve overall production efficiency Regardless of the success of the Rev 1.0 mask set, a consideration of a Rev 1.1 at a later stage is planned. The rationale for this would be to optimize production yield. • • • • Rigorous testing with more than 15 tape -outs Lokotech's design team has completed over 15 non -respin tapeouts. Downscaled prototype verified in actual use on mainnet. Using a mature, proven technology node Designed chip for a mature process technology node (12nm), minimizing technical risks associated with blocks from standard libraries. Scrypt ASIC Specifications Power Efficiency: 0.077 J/MH Power Consumption: 0.80W Hashrate Per ASIC: 10.40 MH/s
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Not only for crypto… what if you could invest in AI hardware 6 years ago? 8 Improve reliability and programmability a $150B+ market opportunity in the converging segments of edge computing, AI inferencing and Agentic AI. • • • If simulations holds true.. 256-core ASIC for full -stack edge AI – the only Edge AI ASIC we know of that can also train itself at the fraction of the cost and power of GPUs. Agentic AI inside a vault: PERCIEVE – DECIDE - ACT Hardware for a niche with no existing competition GPU: too expensive and too power hungry Edge NPU: No on-device learning Cloud API: expensive, round-trip is too time consuming, privacy concerns Sources: Edge AI Computing — Grand View Research 2024; AI Inference — MarketsandMarkets 2024; Neuromorphic — Allied Market Research 2023; Agentic AI — Gartner/IDC 2024. $150B+ TAM = intersection of overlapping segments. • Arctic AI Negotiations continues…
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Arctic Core AS – “Electricity in” 9 TIMELINE 2019-2021 20222021 Halden property disposed of Regulation in Kautokeino OK for temporary test site Started liquidation of Mountain hall interiors in preparation for possible HPC / Storage Data Center 2024 2025 Built own Modular Data Center Unit from scratch (MDCU) Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027-> Entered into leasehold for property in Kautokeino – intention is to develop HPC data Center over time First use to test own hardware offering Øksnes regulation completed Attempted HPC offering over own balance sheet Acquired Halden location Acquired “Mountain Hall” in Telemark Entered into leasehold in Øksnes for greenfield property
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Arctic Core AS – Kautokeino Test Site 2MW 10 Test regime being planned Testing suppliers, equipment, heat exchangers, Lokotech hardware, cold boots, liquids, noise control etc.etc. • • Test site energized this month Civil works being completed. Infrastructure on its way . Sources: Edge AI Computing — Grand View Research 2024; AI Inference — MarketsandMarkets 2024; Neuromorphic — Allied Market Research 2023; Agentic AI — Gartner/IDC 2024. $150B+ TAM = intersection of overlapping segments.
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Arctic Core AS – Mountain Hall 11 After clean-up is complete -> find tentant 2MW existing, 10 MW possible. Regulate? • • Liquidation of interior and hardware ”vanilla” data center demand was discontinued with the conclusion that such activities requires scale Sources: Edge AI Computing — Grand View Research 2024; AI Inference — MarketsandMarkets 2024; Neuromorphic — Allied Market Research 2023; Agentic AI — Gartner/IDC 2024. $150B+ TAM = intersection of overlapping segments.
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PowerPool.io – Software Layer that “Solves Blocks” 12 TIMELINE 2021 2023 Continuing to launch algorithms: Eaglesong X11 Blake2S KheavyHash After a success launch of Scrypt, Powerpool launches Sha256 support 2022 Powerpool gets its first clients from reddit communities 2024 Acquisition of controlling stake Powerpool Mining SL Public panels and appearances in conferences 2025 Launched Support for Equihash Launched custom mining firmware Hosting service expands in Q4 2026 Full software redesign to accommodate SOC2 Type 1 certification Piloted Hosting services integrated with pool service 2027 Launch RandomX Support Perform SOC1 Type 1 Audit? Deploy Solo mining option at scale
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13 Proprietary software with attractive margins Leverages proprietary, math -first software and advanced optimization algorithms to maximize miner profitability with a competitive 1% fee, maintaining a relative stable 3% net revenue margin • Steady and rapid growth and retention Throughout 2026 the two primary algorithms of the pool remained relatively stable in terms of hashrate. The overall market hashrates has decreased over 2026. Implying our market shares has grown. • B2B focus objectives SOC II (type I) – Certification issued November 2025 SOC I (type I) – Protocols and documentation in place. Shelved for now – zero demand • Unprecedented stickiness Clients when the use the pool rarely change to another pool in their lifetime. The majority of churn is due to clients ceasing operations. • Powerpool.io 15229 clients from >121 nations
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Note: all graphs are 20-day rolling average 30 TH 35 TH 40 TH 45 TH 50 TH 55 TH 60 TH 65 TH 70 TH 2025-08-31 2025-12-09 2026-03-19 2026-06-27 2026-10-05 Hashrate Scrypt 600 PH 650 PH 700 PH 750 PH 800 PH 850 PH 900 PH 950 PH 1,000 PH 1,050 PH 1,100 PH 2025-08-31 2025-12-09 2026-03-19 2026-06-27 2026-10-05 Hashrate Sha256 0 MH 50 MH 100 MH 150 MH 200 MH 250 MH 300 MH 350 MH 400 MH 2026-04-28 2026-06-07 2026-07-17 2026-08-26 2026-10-05 Hashrate Equihash • 40.5% of Pool’s revenue • Network Hashrate has decreased 2.5% YTD • Powerpool’s Hashrate has decreased 3.0% YTD Let’s talk hashrate • 18.6% of Pool’s revenue • It’s a new algorithm so YTD comparisons are not possible • 39.5% of Pool’s revenue • Network Hashrate has decreased 11.5% YTD • Powerpool’s Hashrate has increased 4.9% YTD
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Business Developments 15 AI JV Negotiations are ongoing and developing in the right direction. HPC / AI Data Center Market trending towards more HPC for traditional miners. Compared to Cryptocurrency Mining, High Performance Computing (“HPC”) equipment and operations has different infrastructure needs: higher reliability, higher security, not as price sensitive for power. Typically delivers cloud compute or AI workload services to clients. Discussions are ongoing with international partners seeking ”boots on the ground”. PowerPool custom mining firmware becoming an important catalyst for B2B sales Not so important for us if the money is made from pool fees or software licenses • • • • SPDU Certification on-going. First commercial samples fully booked. Catalyst for sales to data centers – especially hosting businesses
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Summary 16 Lokotech Group AS Lokotech Group is a publicly listed company on Euronext Growth Oslo, with a market capitalization of approximately NOK 464 million. It operates six subsidiaries focused on semiconductors, data centers, and crypto mining pool and hosting services Lokotech AS – The most efficient and possible the most robust chip for Scrypt blockchains Its primary subsidiary, Lokotech AS, has developed a groundbreaking dual-use chip for blockchain mining (Scrypt) and AI. Testing and simulations demonstrate that the chip outperforms the market leader and closest peer (Bitmain), offering 2x greater energy efficiency when mining Strong interest from large market players – USD 2-13m framework agreements already signed Lokotech AS is targeting two multi -billion-dollar industries and has already generated strong interest in its products. Lokotech is in discussions with large international market participants. For instance, the company has already signed a framework agreements. Pre -sales halted until m ass production yield & ramp is documented Agentic Edge AI hardware – 6 years of R&D sunk – synergistic with mining Company operating in a semiconductor vertical where cash up front is the norm. Important catalyst to determine ability for rapid growth. Edge AI Hardware is a rapidly growing industry. Our take is that hardware suppliers will survive an AI bubble popping. Cash-generating mining pool and data center operations – pipeline of significant milestones Powerpool Mining SL is performing well on all fundamental KPIs and is generating positive cash flow on par with H1 levels: 2.500 USD/day net revenue. • • • • •
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post@lokotech.no Org Number: 818 709 692 www.lokotechgroup.com Address: St. Olavs gate 21B 0165 Oslo, Norway Thank You! Q&A