Net cash position of approximately $13.7 million - cash and USDC stablecoin holdings, less notes payable- or approximately $1.25 per share as of July 24, 2026, based on unaudited management estimates.

At the July 24, 2026 closing price of $0.4191 per share, the Company's net cash position represented approximately 3 times its total market capitalization of approximately $4.6 million - with no value attributed to the operating business or contracted revenue.

The Company has commenced repurchases under its previously authorized $2.0 million share repurchase program and intends to seek Board authorization to increase the program by 50%, to $3.0 million, and to accelerate the pace of repurchases - subject to market conditions, applicable law and trading window restrictions.

Previously announced 60-month GPU compute services agreement provides for approximately $44.6 million in aggregate contracted service fees over its initial term - approximately 9.7 times the Company's current market capitalization. GPU-related revenue is expected to begin in the fourth quarter of 2026.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.