Bitmain S-19 Pro miners purchase (Aug 2020 contract)
Company: Marathon Digital
What the later record shows
Delivered on time · happened June 30, 2021
The 2021 10-K says Bitmain delivered according to the January–June 2021 schedule. All 10,500 units were received by December 31, 2021.
“Subject to the timely payment of the purchase price, Bitmain delivered products according to the following schedule: 1,500 units on or before January 31, 2021”
2022-03-09 · Marathon Digital 10-K filed 2022-03-10 View cached copy (2026-09-13)Live source ↗
“As of December 31, 2021, the Company has paid the entire purchase price under this agreement and has received 10,500 units from Bitmain.”
2022-03-09 · Marathon Digital 10-K filed 2022-03-10 View cached copy (2026-09-13)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
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
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing describes the August 2020 Bitmain contract with the same unit count, minimum hashrate, discounted amount due of $22,660,673 and delivery schedule. The $22,660,673 figure is the price after Bitmain's 8.63% discount, not the original gross price.
Confirmed in the source:
- Marathon entered into a Long Term Purchase Contract with Bitmain (Bitmaintech PTE., LTD) on August 13, 2020
- The contract covered 10,500 next generation Antminer S-19 Pro ASIC Miners
- The total hashrate under the agreement was to be not less than 1,155,000 TH/s
- After a total net discount of 8.63%, the amount due was adjusted to $22,660,673 (from a gross price of $24,801,000)
- Delivery was scheduled as 1,500 units on or before January 31, 2021, and 1,800 units on or before each of February 28, March 31, April 30, May 31 and June 30, 2021
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315221011136/form10-qa.htm) in full (105,800 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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.”
confirms Marathon Digital 10-K filed 2022-03-10
Quote: “Subject to the timely payment of the purchase price, Bitmain delivered products according to the following schedule: 1,500 units on or before January 31, 2021”