Priorities
Development, Milestones & Exit Conditions
March 27, 2026
Classifies 11 business areas by strategic priority level to guide resource allocation and management focus.
2
High Priority
3
Medium Priority
4
Low Priority
2
Not Applicable
Priority Distribution
● High
- Capacity Expansion
- Profit Growth
● Medium
- Workforce Growth
- Marketing Expansion
- Reserve Growth
● Low
- New Product Lines
- Branch Expansion
- Salary Increase
- Acquisitions
∅ Inventory Growth
∅ Debt Repayment
Capacity ExpansionHigh
Primary growth mechanism. Modular 1 MW BTM facility replication: 1 → 3–5 → 5–10 MW over 5 years. $45M CAPEX per unit. Most capital-intensive priority.
Profit GrowthHigh
Core investor thesis. $12.85M revenue, 92% EBITDA margin, IRR 28–32%, payback 3.5yr. Structural margin from BTM hydro, not operational optimization.
Workforce GrowthMedium
5 core → 8 FTEs Year 1. Milestone-triggered: CFO at Series A, Production Manager at commissioning, HR Director at multi-site. Paced, not aggressive.
Marketing ExpansionMedium
$145K/yr budget, trade shows 41%. Anchor client acquisition via direct outreach. Scales to High at Year 3 multi-site stage.
Reserve GrowthMedium
$45M Series A bridges 12–18mo construction-to-revenue gap. Financial discipline requirement, not strategic accumulation. Cash positive Q1 2029.
New Product LinesLow
3 revenue tracks + API already defined. Managed inference and hyperscaler backend deferred to Year 3–5. Zero R&D allocation Year 1.
Branch ExpansionLow
Single facility Year 1. Multi-site replication begins Year 3 after model validation. Georgia hydro base ~3.5 GW supports pipeline.
Salary IncreaseLow
Compensation bands pre-defined with Georgian cost-base adjustment. Equity pool 2–4% at Series A. Structure is set, no active revision.
AcquisitionsLow
No M&A strategy. Hydro JV ≠ acquisition. 100% capital to organic replication. Year 5: partnership model, not acquisition.
Inventory GrowthN/A
Service model — no physical inventory. GPU hardware capitalized as fixed assets (7-year depreciation), not stock.
Debt RepaymentN/A
Zero debt, zero loans, zero liabilities. Series A is equity-funded ($45M target Q3 2027). No repayment obligations.
Strategic Pattern
Year 1 is pure concentration: prove the 1 MW model, validate 92% EBITDA, secure anchor client. All expansion-oriented priorities (branch, product, workforce, marketing) are structurally deferred to Year 3 when model validation unlocks modular replication. Capital allocation follows the same logic — $45M goes entirely to facility buildout, not diversification. The two “Not Applicable” areas (inventory, debt) reflect the asset-light service model and zero-leverage capital structure. Priority shifts from “prove” to “scale” are milestone-gated, not calendar-driven.
