Butte Energy Inc. has entered into an arms-length, legally binding letter of intent dated February 12, 2021 with Genesis Group Limited (Genesis Mining Group) to acquire (the Transaction). Tillmann Korb will be appointed as the Company's Chief Executive Officer. He started his engagement for Genesis Mining Group as Regional Manager for North America, developing cryptocurrency data centers and business relations. He was key in pivoting Genesis Mining Group's business model to providing mining technologies and financial resources to its established partner network.