CALETHOS INC - BUUZ STOCK NEWS

Welcome to our dedicated page for CALETHOS news (Ticker: BUUZ), a resource for investors and traders seeking the latest updates and insights on CALETHOS stock.

CalEthos Inc. (symbol: BUUZ) is a company primarily focused on seeking, investigating, and acquiring business opportunities in the California cannabis industry. Formerly known as RealSource Residential, Inc., the company transitioned to its current name in December 2018. While previously involved in managing multi-family properties in the U.S., CalEthos now aims to explore opportunities within the cannabis sector. With a base in Tustin, California, the company operates as a subsidiary of M1 Advisors, LLC. Stay tuned for updates on their ventures in the dynamic cannabis market.

12/07/2023 08:00 AM

News

CalEthos Completes the First Phase of Development on a planned 300MW Clean Energy Powered Data Center Campus in Southern California

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CalEthos, Inc. (CAEI) is preparing to build a 300-megawatt wholesale co-location data center campus in Lithium Valley, California. The company has assembled a team of industry veterans and acquired land approved for data center use. Phase I of the development plan is complete, and Phase II is underway.

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CalEthos Closes Financing for Energy Efficient Bitcoin Mining Systems

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CalEthos, Inc. (OTC Markets: BUUZ) has announced significant changes as it transitions to AIQ Blockchain, Inc. The company closed a $3.5 million financing to develop a 5 nanometer ASIC chip for bitcoin mining, aiming to create energy-efficient systems that consume at least 50% less electricity than traditional models. The new immersion-cooled mining systems are set for prototype testing by mid Q2-2022. CalEthos is also upgrading to the OTCQB exchange and changing its trading symbol to AIQB.QB pending approval.

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CalEthos Issues CEO Business Update

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CalEthos, Inc. (OTC Markets: BUUZ.PNK) announced a strategic shift from cannabis retail to cryptocurrency. The company plans to develop high-performance computer systems for crypto transactions, featuring a 5 nanometer ASIC chip and immersion-cooled bitcoin mining systems. This transition follows the challenges in cannabis financing exacerbated by the COVID-19 pandemic. CalEthos, expected to rebrand as AIQ Blockchain, Inc. with a new trading symbol, aims to upgrade its OTC listing. Development is projected to take 10-12 months, and financing will be sought from accredited investors.

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FAQ

What is the current stock price of CALETHOS (BUUZ)?

The current stock price of CALETHOS (BUUZ) is $3.5 as of February 7, 2025.

What is the market cap of CALETHOS (BUUZ)?

The market cap of CALETHOS (BUUZ) is approximately 63.7M.

What is CalEthos Inc. focused on?

CalEthos Inc. is primarily focused on seeking, investigating, and acquiring business opportunities in the California cannabis industry.

What was the company previously known as?

The company was formerly known as RealSource Residential, Inc. before changing its name to CalEthos Inc. in December 2018.

Where is CalEthos Inc. based?

CalEthos Inc. is based in Tustin, California.

What kind of properties was CalEthos Inc. involved in managing?

CalEthos Inc. was previously involved in the acquisition, management, and holding of multi-family properties in the United States.

Who does CalEthos Inc. operate as a subsidiary of?

As of September 12, 2018, CalEthos Inc. operates as a subsidiary of M1 Advisors, LLC.

What are the recent changes in CalEthos Inc.'s focus?

While previously involved in managing multi-family properties, CalEthos Inc. now aims to explore business opportunities within the California cannabis industry.