CleanSpark purchases 4.4 EH/s of Antminer S21 bitcoin miners; deliveries begin Jan 2024

CLEANSPARK, INC.

Acquires 4.4 EH/s of new Antminer S21 miners with efficiency 17.5 J/TH from Bitmain.
20% of purchase price ($12.35 million) seller-financed, due 365 days after delivery.
Expected to achieve total hashrate over 20 EH/s; fleet efficiency targeting 23.5 J/TH.
Funding primarily through operating cash flows; CEO cites margin improvement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CLEANSPARK, INC. entered into Sales and Purchase Agreement with BITMAIN TECHNOLOGIES DELAWARE LIMITED (effective 2023-10-06).

Action: entry
Agreement: supply
Counterparty: BITMAIN TECHNOLOGIES DELAWARE LIMITED
Effective: 2023-10-06

Exact text from the filing

On October 6, 2023, CleanSpark, Inc., a Nevada corporation (the "Company"), executed an agreement to purchase 4.4 exahashes per second (EH/s) of the recently announced Antminer S21 bitcoin mining machines

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

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-052766

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