CoVolt Power ( KVLT) investor relations material

Company overview and business model

• Operates as a digital infrastructure provider specializing in secure and efficient hosting and O&M services for Bitcoin mining, with sites in Texas and Indiana and plans for expansion into West Virginia and international markets.

• Offers integrated hosting, O&M, and consulting services, targeting medium- and large-scale mining machine owners and blockchain enterprises.

• Business model emphasizes capital efficiency, high uptime (98.5% average), and strategic site selection for cost optimization.

• Pursuing transition to a broader digital asset consulting and AI data center platform, including a major joint venture for up to 1,300MW of AI data center capacity.

Financial performance and metrics

• For the fiscal year ended July 31, 2025: revenue $11.3M, net income $1.26M; for 2024: revenue $11.8M, net income $1.89M.

• For the nine months ended April 30, 2026: revenue $8.37M, net income $184K; for the same period in 2025: revenue $8.59M, net income $991K.

• Revenue is highly concentrated, with one customer accounting for over 90% in prior years; recent customer turnover led to a transitional revenue decline.

• Gross margin for hosting services declined from 24.2% in 2024 to 17.0% in 2025, mainly due to higher electricity costs and lower utilization.

• As of April 30, 2026, cash and cash equivalents were $1.27M, with a working capital deficit of $0.6M.

Use of proceeds and capital allocation

• Net proceeds of ~$27M (or ~$31M with full over-allotment) expected, based on a $7.00/share IPO price.

• Planned allocation: 10% to R&D (AI and energy-efficient tech), 40% to strategic acquisitions/investments, 30% to global market expansion and brand, 15% to new mining operations/infrastructure, 5% to general corporate purposes.

• No specific acquisition targets identified as of the filing date.