Option to expand power draw with Lancium
Company: CleanSpark - Project: Abilene (Lancium)
The claim, verbatim
For 2.5 years following operations commencement, CleanSpark has an option to increase power draw up to the lesser of 500 MW or 40% of Lancium's aggregate facility capacity
Source (primary)
CleanSpark 8-K filed 2022-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “For a period of two and a half years following the operations commencement date under the Agreement, the Company will have an option to increase its power draw by any amount that would cause its total power draw not to exceed the lesser of 500 MW or 40% of the aggregate capacity of all facilities owned and operated by Lancium”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes the 2.5-year option window and the lesser-of-500MW-or-40% cap.
Confirmed in the source:
- For 2.5 years following operations commencement, CleanSpark has an option to increase power draw
- The increase is capped at the lesser of 500 MW or 40% of Lancium's aggregate facility capacity
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017022005119/clsk-20220329.htm) in full (8,574 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2022-03-31
Quote: “For a period of two and a half years following the operations commencement date under the Agreement, the Company will have an option to increase its power draw by any amount that would cause its total power draw not to exceed the lesser of 500 MW or 40% of the aggregate capacity of all facilities owned and operated by Lancium”