Midland PA — Site Brief

Shale Rock Holdings LLC holds the 4.33 ac adjacent target parcel. AJ Pantoni (Colliers) is the listing broker, not the owner — do not confuse the two. Contact Pantoni first to understand the listing situation before approaching Shale Rock Holdings directly. Jewel Acquisition LLC is another entity associated with this site (pull from PA Dept of State for details).

Property is owned by ATI subsidiaries Jewel Acquisition, LLC ("Jewel Property") and Allegheny & Tsingshan Stainless, LLC ("A&TS Property"), former steel/metals manufacturing site on the Ohio River, zoned general industrial. If Substation 2 / A&TS Property is not purchased, Substation 1 cannot be acquired separately and A&TS Property cannot be left without utilities — i.e., a BDE acquisition likely requires the combined "Offer 2" package (Jewel Property + A&TS Property + both substations) to gain access to the inactive 200MW Substation 2. Also on/near site: Norfolk Southern rail spurs, possible barge dock on Ohio River, an interstate gas transmission line ~1 mile away, and a Vistra nuclear plant ~1 mile away. ~8 acres of the Available Portion are currently leased to Mawson (a crypto miner) — bid deadline was 5pm ET Feb 23, 2026; contact Lauren McAndrews, ATImaterials.com.

Customer Supply Agreement (#5000076788, effective 10/28/2021) between Energy Harbor LLC (Akron, OH-based competitive electricity supplier, now part of Vistra) as Supplier and Mawson Infrastructure Group, Inc. (principal office Midland, PA) as Customer, with Duquesne Light Company (DLCO) as the Electric Utility for delivery/metering. Pricing Attachment ("Shaped Fixed Price & LMP Percentage with Pass-Through"), account #0287820781, service address 950 10th St, Midland PA, rate code IHVPS, agreement #5000075206 (eff. 11/12/2021): Fixed Price = 3.613 ¢/kWh for ~96% of the 5-year term (Feb 2022–Nov 2026); first/last few months at 0% fixed / 100% LMP (real-time PJM Locational Marginal Price). Customer's annual usage must be ≥7,500 MWh. Above 50,000 kWh in any hour, the excess is priced at hourly LMP minus a $3.792/MWh adder. If total usage exceeds 438,000,000 kWh, Supplier may pass through incremental Pennsylvania Alternative Energy Portfolio Standard (AEPS) costs above $3.47/MWh. Plus standard PJM pass-throughs: Capacity Obligation (per Customer's PJM zonal Capacity Obligation in MW), Transmission Obligation, and Transmission Enhancement Charges (TEC), all billed monthly per kW/MW based on Customer's PJM-assigned obligations. Expected Monthly Usage table shows ramp from ~312M kWh (2022) to a steady-state ~427.8M kWh/yr (2024-2026) — implying an average continuous load of roughly 48-49MW.

The Scioto Energy doc is a Feb 2020 Consulting & Brokerage Services Agreement (New River Group LLC d/b/a Scioto Energy, Columbus OH) with Cosmos Capital (Sydney, Australia, James Manning, Director) — a general energy site-selection/procurement advisory engagement, not Midland-specific; appears unrelated to the current Mawson/Energy Harbor arrangement. Confirms the property is in PJM Interconnection territory (Duquesne Light zone), not ERCOT. Mawson is the current tenant/customer of record on the Energy Harbor supply agreement and Duquesne Light account for 950 10th St (Substation 1 area, ~12-acre lease, ~48-49MW load) — any BDE acquisition would need to address whether/how this supply agreement, the DLCO utility account, and the Mawson lease transfer, terminate, or get assigned to BDE. Per the Phase I ESA, Substation 1 plus ~70 pad-mounted transformers sit within this leased area.