CleanSpark exercises option for 100K S21 Pro miners at $374.4M, boosting hashrate by 17% to 23.4 EH/s

CLEANSPARK, INC.

Supplemental Agreement with Bitmain upgrades option from S21 to S21 Pro; total purchase price $374.4M for 100,000 units.
S21 Pro offers 234 TH/s, 15 J/TH efficiency (14% improvement over S21); cost per terahash remains $16.
Delivery scheduled from June to December 2024; adds 23.4 EH/s to fleet.
CleanSpark reports operating hashrate exceeded 17 EH/s as Dalton, GA data center goes online.
CEO cites efficiency advantage ahead of halving, expects increased market share as older miners go offline.

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 Supplemental Agreement with Bitmain Technologies Delaware Limited valued at $374,400,000 (effective 2024-04-11).

Action: entry
Agreement: supply
Counterparty: Bitmain Technologies Delaware Limited
Value: $374,400,000
Effective: 2024-04-11

Exact text from the filing

On April 11, 2024, CleanSpark, Inc., a Nevada corporation (the "Company"), entered into a Supplemental Agreement (the "Supplemental Agreement") with Bitmain Technologies Delaware Limited ("Bitmain"), amending certain terms of the Future Sales and Purchase Agreement dated January 6, 2024 (the "Original Agreement").

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

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-043878

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