CalEthos, Inc. is focused on the development of large scale data center campuses that combine site readiness with reliable power sources. The company formed a wholly owned subsidiary, TerraVolt Infrastructure Inc., to deliver an infrastructure as a service platform that bundles grid and behind the meter power with construction ready data center sites. Through TerraVolt, CalEthos aims to offer turnkey solutions to hyperscale colocation providers and data center developers seeking faster deployment of new capacity. TerraVolt was formed in May 2025 to pursue the goal of providing sustainable baseload power and ready to build sites for large scale data center projects.

The company has not generated any revenue to date as it remains in the pre commercial development phase. Revenue is expected to arise from fees charged for access to its infrastructure as a service platform, including power delivery and site preparation services. Until such offerings are launched, the firm relies on external financing to fund land acquisition, power procurement and subsidiary operations. The firm anticipates that revenue streams will include long term power purchase agreements, site access fees and management charges for the infrastructure as a service offering. Although no revenue has been recorded, the company has incurred operating expenses related to professional fees, payroll and financing costs while advancing its development plans. Management expects to begin generating revenue once TerraVolt secures its first customer contracts and begins delivering power and site readiness services.

CalEthos operates in a market where the U. S. data center industry currently consumes about four percent of national electricity and is projected to reach ten percent within five years, driving demand for reliable power sources. Traditional grid supplied power faces volatility in cost and availability, prompting customers to seek alternatives that provide faster time to power and greater sustainability. Competitors include established data center real estate developers, utility scale power producers and other infrastructure as a service ventures that also promise accelerated deployment. CalEthos differentiates itself by focusing on baseload power solutions such as natural gas fuel cells and turbines, by co owning geothermal power plants to secure clean energy, and by delivering turnkey sites that already include utilities fiber connectivity and behind the meter power arrangements. The company has secured an option on a 315 acre site in Imperial County California and has worked with local officials to integrate data centers as an approved use within the county’s Lithium Valley Specific Plan. CalEthos has also assembled a team of land use and data center experts who are evaluating locations with favorable energy resources and engaging with state and county officials to support timely power plant construction and large scale data center development. These efforts aim to reduce the time required to bring new data center capacity online while addressing concerns about grid reliability and environmental impact.

The company intends to serve hyperscale cloud providers, colocation operators and data center developers that need dedicated power solutions and ready to build sites. These customers look for providers that can shorten the time required to bring new capacity online while meeting environmental and cost objectives. Although no specific customer names are disclosed in the filing, CalEthos reports that it is in discussions with several potential partners that share its focus on sustainable data center growth. Target customers typically include large scale operators of AI workloads, cloud service providers seeking to expand capacity quickly, and colocation firms that want to offer edge computing locations with guaranteed power. By providing a platform that combines secure power access with pre prepared sites, CalEthos hopes to attract clients who prioritize speed to market and lower upfront infrastructure investment. The firm also aims to serve enterprises that require dedicated data center facilities for internal workloads, such as financial institutions and technology companies, although these segments are not yet formally identified in its public disclosures.