Bitmain S-19 Pro miners purchase (Aug 2020 contract)
Company: Marathon Digital
The claim, verbatim
Company entered into long-term purchase contract with Bitmain for 10,500 next generation Antminer S-19 Pro ASIC Miners with minimum hashrate of 1,155,000 TH/s for total purchase price of $22,660,673, with delivery schedule: 1,500 units by Jan 31, 2021 and 1,800 units by last day of each month Feb-June 2021
Source (primary)
Marathon Digital 10-Q/A filed 2021-05-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On August 13, 2020, the Company entered into a Long Term Purchase Contract with Bitmaintech PTE., LTD ("Bitmain") for the purchase of 10,500 next generation Antminer S-19 Pro ASIC Miners... The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000 TH/s... Bitmain applied a total net discount of 8.63% to the purchase price adjusting the amount due to $22,660,673... Bitmain shall deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; March 31, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.”
How we checked this
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Additional evidence
confirms Marathon Digital 10-Q/A filed 2021-05-12
Quote: “On August 13, 2020, the Company entered into a Long Term Purchase Contract with Bitmaintech PTE., LTD ("Bitmain") for the purchase of 10,500 next generation Antminer S-19 Pro ASIC Miners... The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000 TH/s... Bitmain applied a total net discount of 8.63% to the purchase price adjusting the amount due to $22,660,673... Bitmain shall deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; March 31, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.”