Sterling Digital PLC - Acquisition of Generators

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11 December 2025

Sterling Digital plc

("Sterling" or the "Company")

Acquisition of Generators to Advance Bitcoin Mining Operations

Sterling Digital plc (AQSE: ASIC), a company set up to initiate Bitcoin mining operations at low-cost stranded gas sites in the US, is pleased to announce the acquisition of its first natural gas generators.

The Company was admitted to the AQSE Growth Market ("Admission") on 1 December 2025.  Procurement of these generators represents the first key milestone in Sterling's mission to optimise energy efficiency and reduce operational costs in the competitive Bitcoin ("BTC") mining sector. Rather than relying on grid connected electricity sources for its BTC mining operations, Sterling's strategy is to locate operations on-site at stranded gas fields, or locations with access to surplus gas, and to use gas powered generators to produce low-cost, reliable electricity to power the Company's BTC mining hardware. By using natural gas (which would otherwise likely be flared or vented), the Company secures a sustainable and low-cost power source through the productive repurposing of underutilised energy assets.

The next major milestone for the Company will be entering into a gas purchase agreement ("GPA") for the supply of gas for its operations. The Company announces that, since Admission, it has progressed its discussions with two such operators and a further announcement will be made in due course.

The purchase of the generators and the progression of the GPA discussions aligns with Sterling's strategy to achieve the lowest-cost BTC production in its class.

Stefan Michealides, CEO of Sterling, commented: "We are thrilled to kickstart our operational phase with this key strategic acquisition, which positions Sterling at the forefront of efficient BTC mining. By leveraging abundant stranded gas in Texas, we are poised to deliver industry-leading cost advantages, driving long-term shareholder value. In line with our business plan, the 3MW output of these generators will power our first BTC mining facility in Texas."

The Directors of the Company accept responsibility for the contents of this announcement

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About Sterling

Sterling Digital plc was incorporated for the purpose of establishing a Bitcoin mining business.

The Company intends to locate modular, self-contained Bitcoin mining operations directly on stranded gas fields in the United States, providing the Company with a low-cost energy solution for its mining operations.

The Company's objective is to deliver sustainable long-term capital growth for shareholders via:

• compounding Bitcoin exposure via cheapest-in-class mining; and

• active management of the Company's Bitcoin reserves.

Sterling Digital's strategy of utilising stranded natural gas to generate its electricity requirements enables the Company to produce Bitcoin at materially lower costs than comparable grid-connected miners, while simultaneously achieving ESG alignment by monetising gas resources that are otherwise flared as a by-product of the oil and gas industry.

This model delivers both enhanced mining efficiency and a significant competitive cost advantage within the Bitcoin mining sector.

The Company benefits from a highly experienced management team with proven track records across Bitcoin mining, energy management, fintech and capital markets. Their combined expertise spans modular mining deployments, power infrastructure, capital raising, and regulated crypto exchange operations.

Forward Looking Statements

Certain statements in this announcement are, or may be deemed to be, forward-looking statements. Forward looking statements are identified by their use of terms and phrases such as "believe", "could", "should", "envisage'', "estimate", "intend", "may", "plan", "potentially", "expect", "will" or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.