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").

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CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-012376

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