The Flagship Array & Its Four Contracted Customers
A 1.2 MW design-capacity solar array in Gainesville, Florida, energized June 2026, still scaling toward full nameplate output, and sold under four signed energy provision agreements.
Modular by Design, Sub-Scale Today
The Florida Sun's flagship asset is a 1.2 MW design-capacity solar array located in Gainesville, Florida, engineered as a modular, replicable design so its equipment layout, interconnection approach, and permitting package can be re-specified at a new site or packaged for a turnkey sale with limited redesign work.
The array was energized and interconnected in June 2026 and remains in a scale-up phase toward that full 1.2 MW nameplate. Management models the array's stabilized, fully built-out base-case annual output at approximately 2,190,000 kWh, using a Florida fixed-tilt solar capacity factor of roughly 21%. Actual production during the current scale-up period is lower than this stabilized figure and will vary with weather, seasonality, equipment performance, and the pace of build-out.
All Six Delivery Points, Including Clay Electric
Modeled annual volumes below are management estimates of the fully ramped, stabilized target once the array reaches full 1.2 MW capacity and all four agreements are simultaneously live. Actual contracted volumes today are materially lower, since only SunBit Mining Corporation is currently live and the array remains sub-scale.
| Customer | Sector | Rate | Modeled Annual Volume | Term | Service Commencement |
|---|---|---|---|---|---|
| SunBit Mining Corp. | Bitcoin mining | $0.04/kWh | 950,000 kWh | 1-year, auto-renewing | Live since Jul. 1, 2026 |
| Kasper Transactions | Blockchain transaction processing | $0.05/kWh | 550,000 kWh | 1-year, auto-renewing | Commencing Aug. 2026 |
| 9Core Compute | Distributed compute hosting | $0.06/kWh | 400,000 kWh | 1-year, auto-renewing | Commencing Sep. 2026 |
| DANI AI | AI training & inference compute | $0.08/kWh | 250,000 kWh | 1-year, auto-renewing | Commencing Oct. 2026 |
| Clay Electric Cooperative (utility) | Grid interconnection, net billing | Variable avoided-cost | ~50 kWh/block (~600 kWh/yr) | Ongoing | Since June 2026 |
Scroll horizontally to see all columns.
Modeled Volume Allocation by Customer
Fully ramped target, once all four agreements are simultaneously live.
Percentages calculated on total modeled contracted volume of 2,150,000 kWh at full ramp; together the four agreements account for roughly 98% of modeled gross production, with the remainder reserved for line losses and self-consumption.
Net Billing Today, Housing Anchors Tomorrow
Florida Sun Farms interconnects the flagship array to Clay Electric Cooperative's grid under the cooperative's net billing program rather than maintaining a supply relationship with the utility. Because substantially all of the array's output is delivered directly to the four contracted customers, only a small recurring surplus (roughly 50 kWh in a typical exported block) reaches Clay Electric's grid, bought back under a variable, unpublished avoided-cost rate.
Management treats this exported surplus as an immaterial, non-contracted revenue trickle, excluded from modeled revenue out of conservatism. At future sites, the stated direction is to eliminate this kind of utility-cooperative interconnection altogether by anchoring new arrays directly to adjacent housing developments, pairing solar generation with residential real estate value creation instead. This strategy is directional; no specific future site count or timeline has been finalized.
Fixed-Tilt, Utility-Scale, Florida-Engineered
| Panel configuration | Fixed-tilt, ground-mounted utility-scale PV modules sized to 1.2 MW AC nameplate |
| Inverter architecture | Utility-scale inverters sized to AC output, paired with revenue-grade metering |
| Mounting system | Ground-mounted racking engineered for Florida wind-load & flood-plain requirements |
| Site location | Gainesville, FL (Clay Electric Cooperative distribution grid) |
| Capacity factor | ~21% |
| Modeled annual gross production | ~2,190,000 kWh |
Routine Upkeep, Standard Warranties, a Working Reserve
Ongoing operations and maintenance covers routine inverter monitoring, panel cleaning, and vegetation management around the array, budgeted in the operating expense schedule in the Financials section. Equipment is expected to carry standard manufacturer warranties on panels and inverters; management intends to maintain a maintenance reserve, included in the working capital allocation, to address repairs outside of warranty coverage.
See the Revenue These Contracts Produce
The Financials page models annual contracted revenue, operating expenses, and net operating income from the six delivery points above.
View Financial Projections