Contract Ledger

Dec 2025 Nscale anchor contract 40 MW IT load / ~$865M TCV ... Anchored by a 10-year, 40 MW IT load agreement with Nscale, with expansion potential beyond the initial deployment.

Extension: Expansion potential beyond the initial deployment.

Signed 10-year, 40MW IT load agreement with Nscale representing ~$865M TCV

Extension: Potential expansion toward ~2x initial deployment by end of 2027; Nscale receives priority notification rights for future site capacity.

Signed 10 - year, 40 MW colocation agreement with Nscale ($865M TCV) ... NC - 1: NSCALE ANCHOR CONTRACT Customer IT Load 40 MW Term 10 Years • Modified gross lease with expense pass - through • Retrofit development enables faster speed to market and lower cost • Initial deployment expected to be operational by mid - 2026 • Nscale receives priority notification rights for future site capacity • Project - level financing expected for 1Q 2026 Total Contract Value (1) $865M

The initial Service Order provided pursuant to the Services Agreement covers 40 megawatts (“MW”) of information technology load, to be deployed in two 20 MW phases, at the NC-1 Facility and represents an expected $865 million in total contracted revenue over the initial 10-year term, including contractual annual rate escalators and non-recurring installation services.