CleanSpark purchases 45,000 Antminer S19 XP miners for $144.9M, doubling capacity

CLEANSPARK, INC.

Purchase of 45,000 Antminer S19 XP units for $144.9M, deliveries in August and September 2023.
Adds over 6.3 EH/s, increasing current hashrate (6.7 EH/s) by 95%.
Total machines on hand or under contract now ~15.9 EH/s, nearing 16 EH/s year-end target.
Machines to be deployed at Sandersville, GA facility undergoing 150MW expansion.
Deal follows Feb 2023 purchase of 20,000 machines; capital management strategy cited.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CLEANSPARK, INC. entered into Future Sales and Purchase Agreement with Bitmain Technologies Delaware Limited valued at $144,900,000 (effective 2023-04-06).

Action: entry
Agreement: asset purchase
Counterparty: Bitmain Technologies Delaware Limited
Value: $144,900,000
Effective: 2023-04-06

Exact text from the filing

On April 6, 2023, CleanSpark, Inc., a Nevada corporation (the "Company"), purchased 45,000 XP mining machines for a purchase price of $144,900,000, subject to a price reduction after the use of coupons. The mining machines are scheduled for deliveries in August and September 2023. The purchase was made pursuant to the terms of a Future Sales and Purchase Agreement entered into by and between the Company and Bitmain Technologies Delaware Limited on April 6, 2023 (the "Agreement").

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-012376

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.