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Evergreen Sustainable Enterprises

Evergreen Sustainable Enterprises

Mining

Dallas, USA

Evergreen Sustainable Enterprises, Inc. (EGSE) is a publicly traded company (OTCQB: EGSE) strategically capitalizing on the intersection of sustainable energy and Bitcoin mining. In 2022, management made a strategic decision to change the company’s focus to maximize sustainable energy utilization via Bitcoin data processing centers, subsequently; the name change was affected to represent the company’s new business directive. EGSE is a Micro Miner, building a micro mining fleet throughout Central and Southeastern USA and in Central America with 1 to 10 MW installations of bitcoin mining data centers. EGSE's strategic shift in 2022 aligned well with key market conditions: EGSE entered the market during a depreciated Bitcoin price period and was able to acquire affordable mining hardware and to capitalize on the distressed industry via acquisition. EGSE’s initial mining investment closed in January 2023 when the company acquired 80% ownership of a Costa Rican hydroelectric dam, providing low-cost, sustainable power for Bitcoin mining. As a result of reduced power demand during COVID, the State operated utility ceased purchasing power from locally owned, private hydro dams, enabling EGSE to acquire its own green, sustainable energy generation for bitcoin mining. In conjunction with the hydro dam acquisition, EGSE purchased and installed 240 new Bitcoin S19j Pro+ ASIC miners at a fraction of what the miners would have traded for just 12 months prior.

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