secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cuentas Inc. (CUEN)
CIK:        0001424657
Form:       8-K
Filed at:   2026-09-23T14:04:48+00:00
Accession:  0001213900-26-102445
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424657/000121390026102445/0001213900-26-102445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424657/000121390026102445/ea0306366-8k_cuentas.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-102445

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