{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-001726","form_type":"8-K","ticker":"BGDE","cik":"0001218683","company_name":"Big Digital Energy, Inc.","filed_at":"2024-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.601166+00:00","generated_at":"2026-06-04T05:13:47.615178+00:00","sec_items":["2.04","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Mawson discloses multiple creditor defaults; mulls exit from Australian entities","bullets":["Disputes W Capital default claim on $0.5M convertible note; W Capital seeks $166k interest.","Australian sub owes AUD$1.45M ($0.99M) working capital loan to W Capital; default interest of AUD$298k claimed.","Marshall loan of AUD$12.07M ($8.22M) principal; default could raise interest from 12% to 17%; sub in receivership.","Celsius claims $8M promissory note default; Luna offsets with $6.96M unpaid colocation invoices; Celsius in bankruptcy.","Company may voluntarily or involuntarily wind up Australian entities and exit TDI equity stake."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-001726","json":"https://secwatch.observer/filing/0001171843-24-001726.json","markdown":"https://secwatch.observer/filing/0001171843-24-001726.md","text":"https://secwatch.observer/filing/0001171843-24-001726.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1218683/000117184324001726/0001171843-24-001726-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1218683/000117184324001726/f8k_032924.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:13:47.615178+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5b5baca9b10524ae9b03f4a68b4f9f38da2922b1","claim":"Big Digital Energy, Inc. reported a default on convertible notes of principal amount of $0.50 million with W Capital Advisors Pty Ltd at from 20% to 25% per annum maturing not specified.","evidence_excerpt":"The Company issued a convertible note (the \"Convertible Note\") to W Capital Advisors Pty Ltd for $0.50 million on July 8, 2022. W Capital claims an event of default under the Convertible Note on November 16, 2022, which could have the effect of increasing interest due under the Convertible Note from 20% to 25% per annum.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1218683/000117184324001726/0001171843-24-001726-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"principal amount of $0.50 million"},{"label":"Counterparty","value":"W Capital Advisors Pty Ltd"},{"label":"Rate","value":"from 20% to 25% per annum"},{"label":"Maturity","value":"not specified"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"628451343c6dfcda79c12d59743a97654e744a24","claim":"Big Digital Energy, Inc. reported a default on loan of principal balance of AUD$12.07 million (USD$8.22 million) with Marshall Investments MIG Pty Ltd at from 12% to 17% per annum maturing expired in 2024.","evidence_excerpt":"An Australian subsidiary of the Company, MIG No.1 Pty Ltd, had a secured loan facility with Marshall Investments MIG Pty Ltd as trustee for the Marshall Investments MIG Trust with a total loan facility of AUD$20 million (USD$13.62 million), with a principal balance of AUD$12.07 million (USD$8.22 million) as of December 31, 2023. This loan facility expired in 2024, and the parties did not extend the maturity date with a principal and interest balance remaining unpaid. Marshall claims an event of default occurred on April 30, 2022, which could have the effect of increasing interest from 12% to 17% per annum and other potential charges.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1218683/000117184324001726/0001171843-24-001726-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"principal balance of AUD$12.07 million (USD$8.22 million)"},{"label":"Counterparty","value":"Marshall Investments MIG Pty Ltd"},{"label":"Rate","value":"from 12% to 17% per annum"},{"label":"Maturity","value":"expired in 2024"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"79a3939c45f464006c11bcbd4a071b03e7558dd0","claim":"Big Digital Energy, Inc. reported a default on loan of $20 million with a principal balance of $8 million with Celsius Mining LLC at from 12% to 14% per annum maturing expired in 2023.","evidence_excerpt":"A subsidiary of the Company, Luna Squares LLC (\"Luna\"), a Delaware Limited Liability Company, had a Secured Promissory Note with Celsius Mining LLC (\"Celsius\") of $20 million with a principal balance of $8 million as of December 31, 2023 (the \"Celsius Promissory Note). The Celsius Promissory Note expired in 2023, and the parties did not extend the maturity date with principal and interest balance remaining unpaid. On August 23, 2023, Celsius claims that the maturing of the Celsius Promissory Note on August 23, 2023 may have triggered an event of default which could have the effect of increasing interest from 12% to 14% per annum.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1218683/000117184324001726/0001171843-24-001726-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$20 million with a principal balance of $8 million"},{"label":"Counterparty","value":"Celsius Mining LLC"},{"label":"Rate","value":"from 12% to 14% per annum"},{"label":"Maturity","value":"expired in 2023"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"96ea4998281409c5a0eebbf6a68e2da93772b154","claim":"Big Digital Energy, Inc. reported a default on loan of claimed outstanding principal balance of AUD$1.45 million (USD$0.99 million) with W Capital Advisors Pty Ltd at default interest of AUD$298,926 (USD$197,291) among other claims maturing expired in 2023.","evidence_excerpt":"An Australian subsidiary of the Company, Mawson Infrastructure Group Pty Ltd., had a Secured Loan Facility Agreement for working capital with W Capital Advisors Pty Ltd with a total loan facility of AUD$8 million (USD$5.2 million). The current claimed outstanding principal balance as of December 31, 2023 (\"Working Capital Loan\") is of AUD$1.45 million (USD$0.99 million). This loan facility expired in 2023, and the parties did not extend the maturity date with a principal balance remaining unpaid, with W Capital Advisors Pty Ltd claiming default interest of AUD$298,926 (USD$197,291) among other claims.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1218683/000117184324001726/0001171843-24-001726-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"claimed outstanding principal balance of AUD$1.45 million (USD$0.99 million)"},{"label":"Counterparty","value":"W Capital Advisors Pty Ltd"},{"label":"Rate","value":"default interest of AUD$298,926 (USD$197,291) among other claims"},{"label":"Maturity","value":"expired in 2023"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}