Compute North Hosting - Binding Letter of Intent
Company: Marathon Digital
The claim, verbatim
Company entered binding letter of intent with Compute North to host 73,000 Bitcoin miners over staged implementation Oct 2021-Mar 2022, including $67 million bridge loan and up to $14 million expedite fees
Source (primary)
Marathon Digital 10-K filed 2022-03-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On May 21, 2021, Marathon Digital Holdings, Inc. (the "Company") 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...the Company has also agreed to pay up to $14 million in expedite fees for construction/electrical and supply chain expediting activities.”
How we checked this
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Additional evidence
confirms Marathon Digital 10-K filed 2022-03-10
Quote: “On May 21, 2021, Marathon Digital Holdings, Inc. (the "Company") 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...the Company has also agreed to pay up to $14 million in expedite fees for construction/electrical and supply chain expediting activities.”