Harmonychain group has secured an exclusive negotiating right for a limited time period to conduct due diligence on a 100 MW greenfield project in North America. There may be upside potential on the stranded energy output. As the electricity is stranded, the terms in company's opinion is attractive with low CAPEX and term flexibility.

The company's hardware partners will be given access to Harmonychain's due diligence information on the project, including the involved energy and engineering companies. If a firm PPA is entered into, the economic impact for Harmonychain is correlated to power usage. In layman's terms, no PPA or a small PPA will have no or small financial impact for Harmonychain.

A PPA of for example 100 MW or 200 MW, may have a larger financial potential for Harmonychain. If a PPA is entered into, this will naturally be communicated to the market.