---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-099289"
form_type: "8-K"
ticker: "ENFY"
cik: "0000857949"
company_name: "Enlightify Inc."
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:40:38.128995+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# China Green Agriculture acquires bitcoin miner Lonestar Dream from co-CEO for $49M

## Summary
- Total consideration $49M: $2.45M due at closing, $44.1M after 90 business days post-closing conditions, $2.45M upon audited FY2023 financials.
- Target Lonestar Dream operates Bitcoin mining sites in Pecos County and Ward County, Texas with total capacity of 100 MW.
- Seller Zhibiao Pan is co-CEO of China Green Agriculture and sole shareholder of Lonestar Dream, making this a related-party transaction.
- Purchase includes all outstanding stock of Lonestar Dream and its 80%-owned subsidiary Lonestar Taproot, LLC.
- Closing requires delivery of share certificates, corporate documents, and a non-foreign person certificate among other conditions.

## SEC filing metadata
- accession: 0001213900-23-099289
- form_type: 8-K
- ticker: ENFY
- cik: 0000857949
- company_name: Enlightify Inc.
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857949/000121390023099289/0001213900-23-099289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857949/000121390023099289/ea190812-8k_chinagreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-099289
- JSON: https://secwatch.observer/filing/0001213900-23-099289.json
- Plain text: https://secwatch.observer/filing/0001213900-23-099289.txt

## Key facts
- Material Agreements
  Enlightify Inc. entered into Stock Purchase Agreement with Zhibiao Pan valued at $49,000,000 (effective 2023-12-27).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Zhibiao Pan
  - Value: $49,000,000
  - Effective: 2023-12-27
  source text: On December 27, 2023, China Green Agriculture, Inc. (the “Company”) entered into a Stock Purchase Agreement with Zhibiao Pan (the “Stock Purchase Agreement”) for the purchase by the Company from Zhibiao Pan of all of the outstanding stock of Lonestar Dream, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857949/000121390023099289/0001213900-23-099289-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.