Contingent cash earn-out for power utilization
Company: CleanSpark - Project: Sandersville
The claim, verbatim
Up to $2.0 million in seller-financed earn-out will be paid if CleanSpark utilizes at least 150 MW of additional power by the six-month anniversary of closing.
Source (primary)
CleanSpark 8-K filed 2022-09-09 (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 September 22, 2026. The cited source supports every part of this claim.
The document states the $2.0 million seller-financed earn-out and its 150 MW/six-month condition.
Confirmed in the source:
- Up to $2.0 million in a seller-financed earn-out may be paid
- the earn-out is triggered if at least an additional 150 MW of power is utilized on the property by the six-month anniversary of closing
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017022018269/clsk-20220908.htm) in full (11,246 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2022-09-09
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”