Evergreen Sustainable Enterprises, Inc. announced the commencement of mining operations for its 240 new Bitmain S19J Pro+ ASIC miners. Approximately 1/2 or 106 miners went into operation last June 16 in the first container. The remainder were turned operational in the second container today.

The miners are powered by the company's fully sustainable, green energy hydroelectric dam, located approximately 25 miles outside San Jose, Costa Rica, where power is generated at approximately $0.02 per kWh. With a hash rate of 122TH/s and a power efficiency of 27.5 J/TH, these miners are among the newest model and are deemed the most powerful and energy efficient on the marketplace on June 22, 2023. At these hashrate efficiency levels, coupled with the low cost of power from this hydroelectric site, the Company's financial models indicate a break-even marker of a BTC market price as low as $10,145.

The recent BTC market price has hovered in the range of $30,000, creating a net margin of almost $20,000 per BTC. During the period leading up to the activation of its bitcoin miners, the Company and its partner has performed comprehensive maintenance and refurbishment of the dam, generators, internet, and operating facilities.