Envirotech Vehicles Provides Milestone Update Following AZIO AI Merger Agreement; Customer Deposits Received Against $118 Million Pipeline, 638-Unit Miner Fleet Deploying at Industry-Low $0.03/kWh Power Cost

HOUSTON–(BUSINESS WIRE)–Envirotech Vehicles, Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced a series of concrete operational milestones across its digital infrastructure platform, including the deployment of approximately 6 megawatts of modular Bitcoin mining infrastructure at its South Texas site and the commencement of initial NVIDIA B200 GPU hardware deliveries by merger partner AZIO AI Corporation (“AZIO AI”) with an additional $118 million infrastructure pipeline where dep