Earn-out cash conditional on power utilization
Company: CleanSpark - Project: Sandersville
What the later record shows
Outcome not yet confirmed
No passage says whether the $2.0 million power earn-out was earned or paid.
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
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
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The filing ties the full $2.0 million earn-out to an additional 150 MW of power, while the claim describes the threshold as 150 MW in total. The amount, deadline and pro rata range are accurate.
Confirmed in the source:
- The deal includes an earn-out of up to $2.0 million, seller-financed
- The earn-out is measured against power use on the property by the six-month anniversary of closing, April 8, 2023
- A pro rata portion is payable if utilization is more than 80 MW but less than 230 MW
We could not confirm this from the cited source:
- That the full earn-out threshold is total utilization of at least 150 MW; the filing specifies at least an additional 150 MW
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “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”