Bitmain miner purchase agreement dated December 7, 2021
Company: TeraWulf
The claim, verbatim
TeraWulf committed to purchase miners from Bitmain for total of $32.55 million with remaining payments through November 2022
Source (primary)
TeraWulf 10-K filed 2022-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On December 7, 2021, the Company entered into the December 7 Bitmain Agreement... Pursuant to the First Bitmain Purchase Agreement, the Company paid an initial deposit of approximately $11.4 million during the nine months ended December 31, 2021. The balance of payments due under the First Bitmain Purchase Agreement, an amount of $21.2 million, are scheduled to be paid in unequal monthly installments through November 2022.”
How we checked this
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Additional evidence
confirms TeraWulf 10-K filed 2022-03-31
Quote: “On December 7, 2021, the Company entered into the December 7 Bitmain Agreement... Pursuant to the First Bitmain Purchase Agreement, the Company paid an initial deposit of approximately $11.4 million during the nine months ended December 31, 2021. The balance of payments due under the First Bitmain Purchase Agreement, an amount of $21.2 million, are scheduled to be paid in unequal monthly installments through November 2022.”