Coolbit Technologies is a recently incorporated company engaged in the Bitcoin Mining sector. We employ an integrated Mining strategy (supported by hosting agreements) that utilizes U.S. and Canadian-based Mining facilities to generate Bitcoin by performing computing associated with PoW.

The Company’s business model is focused on the U.S.

and Canada, and is centered on leasing high-performance Bitmain Miners from partners and utilizing third-party hosting providers for site operations, although we intend to expand and evolve our business model by utilizing a portion of the net proceeds of the offering to purchase Bitcoin Miners directly and possibly to acquire a Company-owned Mining facility.