Trinity Capital equipment financing ($35M)
Company: CleanSpark
What the later record shows
Partly delivered · happened April 22, 2022
The $20 million was received at closing. The cash flow statement shows no equipment-backed loan proceeds in fiscal 2023, so the optional $15 million tranche appears not to have been drawn by its December 31, 2022 deadline.
“Proceeds from loan payable 1,937 — Proceeds from equipment backed loan — 19,620 Proceeds from exercise of options and warrants”
2023-11-30 · CleanSpark 10-K filed 2023-12-01 View cached copy (2026-08-31)Live source ↗
“The Company received a loan of $ 20,000 at closing, with the remaining $ 15,000 fundable upon the Company's request, if requested no later than December 31, 2022”
2024-02-07 · CleanSpark 10-Q filed 2024-02-08 View cached copy (2026-08-31)Live source ↗
Checked October 11, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CleanSpark entered into a Master Equipment Financing Agreement with Trinity Capital Inc. providing for up to $35 million of borrowings to finance acquisition of blockchain computing equipment, with $20 million received at close and $15 million fundable upon request no later than December 31, 2022.
Source (primary)
CleanSpark 8-K filed 2022-04-26 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On April 22, 2022, CleanSpark, Inc. (the "Company") entered into a Master Equipment Financing Agreement with Trinity Capital Inc., as the Lender (the "Financing Agreement"). The Financing Agreement provides for up to $35 million of borrowings to finance the Company's acquisition of blockchain computing equipment and received a loan of $20 million at close, with the remaining $15 million fundable upon the Company's request no later than December 31, 2022, subject to certain customary conditions.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
CleanSpark's April 2022 8-K states each element of the claim: the Trinity Capital agreement, the $35 million cap, the equipment purpose, the $20 million drawn at close, and the $15 million available on request through December 31, 2022. The filing adds that the remaining funding is subject to customary conditions, which the claim omits but does not contradict.
Confirmed in the source:
- CleanSpark entered into a Master Equipment Financing Agreement with Trinity Capital Inc. (dated April 22, 2022)
- The agreement provides for up to $35 million of borrowings
- The borrowings are to finance CleanSpark's acquisition of blockchain computing equipment
- CleanSpark received a $20 million loan at close
- The remaining $15 million is fundable upon CleanSpark's request no later than December 31, 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017022006145/clsk-20220422.htm) in full (5,174 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2022-04-26
Quote: “On April 22, 2022, CleanSpark, Inc. (the "Company") entered into a Master Equipment Financing Agreement with Trinity Capital Inc., as the Lender (the "Financing Agreement"). The Financing Agreement provides for up to $35 million of borrowings to finance the Company's acquisition of blockchain computing equipment and received a loan of $20 million at close, with the remaining $15 million fundable upon the Company's request no later than December 31, 2022, subject to certain customary conditions.”