Earn-out cash conditional on power utilization
Company: CleanSpark - Project: Sandersville
The claim, verbatim
Up to $2.0 million seller-financed earn-out payable if CleanSpark utilizes at least 150 MW by six-month anniversary of closing (April 8, 2023), with pro-rata payout for 80-230 MW
Source (primary)
CleanSpark 8-K filed 2022-10-11 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “up to an additional $2.0 million in a seller-financed earn-out payable at least 60 days post-closing if the Property Purchaser is able to utilize at least an additional 150 MW of power on the Property by the six month anniversary of the Closing Date”
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 CleanSpark 8-K filed 2022-10-11
Quote: “up to an additional $2.0 million in a seller-financed earn-out payable at least 60 days post-closing if the Property Purchaser is able to utilize at least an additional 150 MW of power on the Property by the six month anniversary of the Closing Date”