Bitmain S-19 Pro miner purchase - August 2020 contract
Company: Marathon Digital
What the later record shows
Delivered on time · happened June 30, 2021
The 2021 10-K says Bitmain delivered on the stated January–June 2021 schedule. The Company had received all 10,500 units 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
Marathon entered into a long-term purchase contract with Bitmain for 10,500 Antminer S-19 Pro units at $22,660,673 after discount, with deliveries of 1,500 units by January 31, 2021 and 1,800 units each by February 28, March 31, April 30, May 31, and June 30, 2021.
Source (primary)
Marathon Digital 10-Q filed 2021-05-10 (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... Subsequent to executing this agreement, due to the additional executed contracts, Bitmain applied a total net discount of 8.63% to the purchase price adjusting the amount due to $22,660,673. Subject to the timely payment of the purchase price, 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 10-Q describes the August 13, 2020 Bitmain contract for 10,500 S-19 Pro miners, the discounted amount due of $22,660,673, and the exact delivery schedule stated in the claim.
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 Antminer S-19 Pro ASIC miners
- After an 8.63% net discount, the amount due was adjusted to $22,660,673
- Delivery schedule of 1,500 units on or before January 31, 2021
- Delivery schedule of 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/1507605/000149315221010910/form10-q.htm) in full (105,149 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 10-Q filed 2021-05-10
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... Subsequent to executing this agreement, due to the additional executed contracts, Bitmain applied a total net discount of 8.63% to the purchase price adjusting the amount due to $22,660,673. Subject to the timely payment of the purchase price, 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”