OriginSpark Teams with Block40X to Accelerate Low-Cost Bitcoin Mining

OriginClear's OriginSpark announces second joint venture, which aims to provide long-term sub-3-cent/kWh power for scalable mining

CLEARWATER, FL / ACCESS Newswire / November 18, 2025 / OriginSpark, a venture of OriginClear Inc. (OTCID:OCLN), a pioneer in tax-advantaged funding of scarce assets, today announced a joint venture with Block40X to expand Bitcoin mining through access to long-term, low-cost energy.

Block40X has secured land and a 250-megawatt power supply agreement through Basin Data Solutions. The long-term agreement sets electricity pricing under 3 cents per kilowatt-hour, significantly lower rates than industry leaders such as Mara Holdings and Riot Platforms with some industry leaders paying as high as 6 cents per kWh.

Electricity is the largest input cost in Bitcoin mining. Current difficulty levels mean about one gigawatt-hour of energy is required for each Bitcoin mined (as much as $60,000 for each Bitcoin mined at current market rates), and this difficulty is rising with increasing Bitcoin scarcity.

"Bitcoin workloads are surging, but power access and cost are limiting growth," said Benjamin Hoskins, Block40X co-founder. "Block40X delivers one of the lowest-cost, most scalable energy-backed platforms in the world."

OriginSpark: A new financing model for digital infrastructure
The venture marks the second project under OriginSpark, OriginClear's new platform designed to accelerate Bitcoin mining growth. OriginSpark follows the company's spinoff of its industrial water business.

"The price and availability of power is everything," said Riggs Eckelberry, OriginClear founding chairman and CEO. "With our help, the Block40X team can build a world-class mining operation around this energy asset."

Block40X plans to bring 100 megawatts online within 6-9 months, with plans to scale to 500 megawatts at both U.S. and international sites, with a 200-megawatt facility already in development.

"In my professional work, I solve energy challenges every day, and I have to be frank - under 3 cents is a mind-blowing price for a long-term contract," said Jim Mathers, CEO and president of Energy Professionals (www.energyprofessionals.com). "I wish OriginClear and Block40X the greatest success in this exciting venture."

Designed for returns, speed and transparency
OriginSpark's financial model is built around:

• Preferred returns.

• Five-year capital exit optionality.