May 22, 2023 by Cormint

CORMINT LAUNCHES BITCOIN DENOMINATED OFFERING

Fort Stockton, Texas – May 22nd, 2023 – Cormint Data Systems, Inc. (“Cormint”), an emerging Bitcoin miner focused on mining low-cost Bitcoin at scale while supporting a reliable and renewable power grid, announced today the launch of its Bitcoin denominated venture debt offering to Accredited Investors.

Cormint seeks to raise up to 1,000 Bitcoin through the offering. The offering will be open from May 22nd, 2023, until December 31st, 2023 if not closed beforehand by the Company. Through the offering period, subscriptions will be accepted in “windows” defined by specific time periods. The first such window will be open from May 22nd, 2023, until July 7th, 2023 (“First Window”). The Company will advise of further subscription windows throughout the offering period as they become determined.

The Securities are being offered and sold under the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506(c) of Regulation D. The Securities will be offered exclusively to Accredited Investors in all states within the United States of America, and to foreign nationals. The Company believes that this is the first instance of Bitcoin denominated securities being issued by a non-Financial corporation in the United States. The senior secured debt securities include an all-asset security pledge. Investors can subscribe to the BTC denominated offering through placement of USD or BTC. Proceeds from the offering will support Cormint’s expansion towards its goal of 2.4 EH/s self-mining capacity at its flagship facility in Fort Stockton.

The Company believes that this innovative financing structure offers better outcomes for investors and miners than would be expected with USD denominated debt. Cormint looks forward to fostering the growth of Bitcoin denominated capital markets as an essential component of the ecosystem.

For more information, please visit www.cormint.com.

Contact: [email protected]

Please note that this press release is for informational purposes only and it does not represent an offer to sell or the solicitation of an offer to buy any of Cormint’s securities.

This press release contains a number of forward-looking statements. Words such as “expect,” “will,” “working,” “plan” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements reflect Cormint’s current views with respect to, among other things, future events. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Cormint’s control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to Cormint’s ability to deliver and execute on its strategic plans; Cormint’s ability to maintain free cash flows and increase its operating margins and other risks related to Bitcoin mining.