---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-102445"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2026-09-23T14:04:48+00:00"
generated_at: "2026-09-23T14:05:33.588289+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cuentas signs 36-month power-as-a-service deal with Power Upp for up to 24 MW Texas bitcoin mining

## Summary
- Agreement with Power Upp USA for power-as-a-service and colocation at Seminole, TX; up to 10 container sets, 24.0 MW max demand.
- Each container set holds ~420 ASIC miners (4,200 total); one-time $500K per set for 432 ASIC miners + $90K security deposit.
- All 10 deployed: $5.0M ASIC miner charges + $900K deposits; recurring 5% of gross mining revenue + $2,500/mo; energy $0.05/kWh.
- 80% minimum utilization take-or-pay obligation; 36-month initial term with 12-month auto-renewals; staged deployment every 90 days.
- BTC suspension right: if below $55,000 for 15 consecutive days, may suspend ops for up to 1 month at $7,500 fee; either party may terminate.

## SEC filing metadata
- accession: 0001213900-26-102445
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2026-09-23T14:04:48+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390026102445/0001213900-26-102445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390026102445/ea0306366-8k_cuentas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-102445
- JSON: https://secwatch.observer/filing/0001213900-26-102445.json
- Plain text: https://secwatch.observer/filing/0001213900-26-102445.txt

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