Power Purchase Agreement with Beowulf Energy
Company: Marathon Digital - Project: Hardin
The claim, verbatim
Company entered into exclusive Power Purchase Agreement with Beowulf for energy supply to Hardin facility at $0.028/kWh for initial 30 MW with option to expand to 100 MW, initial five-year term with up to five additional three-year extensions
Source (primary)
Marathon Digital 10-Q/A filed 2021-05-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Marathon and Beowulf entered into an exclusive Power Purchase Agreement for the initial supply of 30 MW (Phase I), and up to 100 MW in the aggregate (Phase II), of energy load to the Facility at a cost of $0.028/kWh. The initial term of the Power Purchase Agreement is five years, with up to five additional three-year extensions, as mutually agreed, assuming 75% energy utilization of the initial 30 MW of energy supplied to the Facility.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the exclusive PPA, the $0.028/kWh rate, the 30 MW-to-100 MW scope, and the five-year term with extensions.
Confirmed in the source:
- Marathon and Beowulf entered into an exclusive Power Purchase Agreement for the Hardin facility
- Energy cost is $0.028/kWh
- Initial supply of 30 MW (Phase I), up to 100 MW in aggregate (Phase II)
- Initial term of five years with up to five additional three-year extensions
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: “Marathon and Beowulf entered into an exclusive Power Purchase Agreement for the initial supply of 30 MW (Phase I), and up to 100 MW in the aggregate (Phase II), of energy load to the Facility at a cost of $0.028/kWh. The initial term of the Power Purchase Agreement is five years, with up to five additional three-year extensions, as mutually agreed, assuming 75% energy utilization of the initial 30 MW of energy supplied to the Facility.”