Compute North mining hosting agreement
Company: Marathon Digital
The claim, verbatim
May 21, 2021 binding letter of intent to host 73,000 Bitcoin Miners from October 2021 through March 2022 at $0.50 per machine per month and $0.044 per kWh, with 18-month bridge loan of up to $67 million, up to $14 million expedite fees, and three-year contract with capped annual increases.
Source (primary)
Marathon Digital 10-K filed 2022-03-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “entered into a binding letter of intent with Compute North, LLC to host 73,000 Bitcoin Miners over a staged in implementation between October 2021 and March 2022... the Company will provide an 18 month bridge loan to Compute North of up to $67 million dollars”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Marathon Digital 10-K filed 2022-03-10
Quote: “entered into a binding letter of intent with Compute North, LLC to host 73,000 Bitcoin Miners over a staged in implementation between October 2021 and March 2022... the Company will provide an 18 month bridge loan to Compute North of up to $67 million dollars”