secwatch.observer — SEC 8-K summary
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Issuer:     Evergreen Sustainable Enterprises, Inc. (—)
CIK:        0001527102
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001213900-23-003476
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Generation Hemp acquires 80% of Costa Rica hydro dam for BTC mining; buys 240 Bitmain miners
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- Acquired 80% of Toro Energía (Costa Rica hydroelectric dam) for $1,412,000; enterprise value $2,750,000.
- New 10-year $985,000 loan from Poas at 9.5% replaces prior bank loan; property secures loan in Guaranty Trust.
- CEO Gary C. Evans provided $1,469,000 secured promissory note at 10% due July 15, 2023, convertible at $0.275.
- Purchased 240 Bitmain S19J Pro+ miners (122TH/s, 27.5 J/TH); delivery in February for self-mining at dam.
- Company to change name to Evergreen Sustainable Enterprises; hemp operations continue as wholly-owned subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527102/000121390023003476/0001213900-23-003476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527102/000121390023003476/ea171814-8k_generation.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-003476

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer