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Abu Dhabi mining facility capital contribution

Company: Marathon Digital - Project: Abu Dhabi

Subject kind
financing
Statement date
2023-03-15
Promised amount
406000000.0 USD
Current status
stated

The claim, verbatim

The Company will contribute approximately 20% of $406 million in aggregate capital during the 2023 development period for the Abu Dhabi mining entity, consisting of both cash and in-kind contributions.

Source (primary)

Marathon Digital 10-K filed 2023-03-16 (SEC EDGAR, sec_filing)
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Quote: “capital contributions will be made, subject to the satisfaction or waiver of certain conditions, during the 2023 development period in those proportions, consisting of both cash and in kind, in amounts of approximately $406,000 thousand in aggregate”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Marathon Digital 10-K filed 2023-03-16

Quote: “capital contributions will be made, subject to the satisfaction or waiver of certain conditions, during the 2023 development period in those proportions, consisting of both cash and in kind, in amounts of approximately $406,000 thousand in aggregate”

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