Seller-financed promissory note for property
Company: CleanSpark - Project: Sandersville
What the later record shows
Outcome not yet confirmed
No passage says whether the $6.5 million promissory note was repaid by December 17, 2022. FY2023 cash flows show $22.5 million for the 'Acquisition of Mawson', but that line is not broken out to the note.
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CleanSpark issued $6.5 million promissory note bearing 8% interest, due 70 days from closing (December 17, 2022)
Source (primary)
CleanSpark 8-K filed 2022-10-11 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Property Purchaser issued a Promissory Note to the Property Seller with the principal amount of $6.5 million. The Promissory Note bears interest at a rate of 8% per annum... is due and payable 70 days from the date of the Closing”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states the note's $6.5 million principal, 8% rate and 70-day term. December 17, 2022 is the correct date 70 days after the stated October 8, 2022 closing.
Confirmed in the source:
- CleanSpark's subsidiary issued a $6.5 million promissory note to the property seller, and CleanSpark guarantees it
- The note bears interest at 8% per annum
- The note is due 70 days from the October 8, 2022 closing, which is December 17, 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017022019412/clsk-20221008.htm) in full (12,436 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2022-10-11
Quote: “the Property Purchaser issued a Promissory Note to the Property Seller with the principal amount of $6.5 million. The Promissory Note bears interest at a rate of 8% per annum... is due and payable 70 days from the date of the Closing”