AIDCV · Application Owner of Record

AIDCV

with Cal Poly Humboldt · ECXI ATEP EUREKA CALIFORNIA

Project Apex

ECXI ATEP EUREKA
CALIFORNIA

Advanced Technology Education Park

LOI EXECUTED 2026-10-29 · Escrow 45 days · Expected close 2026-12-13

Site of record 5151 Highway 101 E, Eureka, California — Brainard Industrial Park, Humboldt County. AIDCV, together with Cal Poly Humboldt, is the application owner of record for the ECXI Advanced Technology Education Park (ECXI ATEP EUREKA CALIFORNIA): an entitled industrial waterfront site in Northern California under conversion to a high-density technology and education campus.

This surface is the project apex. The full canon of record is published at energycapitalco.ch; stakeholder materials are served through the gated portal at aidcv.net.

Position of record · rev 2026-10-29

Facility

Existing 400,800 SF warehouse — ENTITLED + CUP-PERMITTED (warehouse + IT class); 10,500 SF office; 7-acre site.

Site control

Q4 2026 expected — under contract, subject to closing (LOI of record executed 2026-10-29).

Buildout

Up to 2,200,000 SF buildout potential.

Compute

~9,619 racks @ 24/1000SF · 10–100 kW/rack tunable.

Power

96 MW base → 962 MW full density (theoretical); 153 MW Humboldt County plant ceiling governs.

Utility / carrier

PG&E · AT&T.

Phase I cost

$918.5M (pro forma, total project cost).

Capital structure of record · Cipherbit LP

Total CapEx

$500M facility stack (ECXI ATEP Eureka 10–25 MW tranche).

Senior

$300M · 60%

Mezzanine

$50M · 10%

Strategic equity

$100M · 20%

Sponsor equity

$50M · 10%

GP seat

Carta confirmed — cap table of record for Cipherbit LP verified on Carta, GP order 2026-10-29.

Program of record

LOI

EXECUTED 2026-10-29 (executor initials JB, as transmitted).

Escrow

45 days from execution — expected close 2026-12-13.

Application owner

Cal Poly Humboldt and AIDCV.

Surfaces

Canon of record

energycapitalco.ch — full project position + estate surfaces.

Stakeholder portal

aidcv.net — gated status board + documents room.

Controller portal

energycapitalco.com — site operations controller (proxy surface).

Estate