Beowulf exclusive power purchase agreement for Hardin facility
Company: Marathon Digital - Project: Hardin
The claim, verbatim
Marathon entered into an exclusive Power Purchase Agreement with Beowulf for energy supply to the Hardin facility at 30 MW (Phase I) and up to 100 MW aggregate (Phase II) at $0.028 per kWh, with an initial five-year term plus up to five additional three-year extensions, assuming 75% energy utilization.
Source (primary)
Marathon Digital 10-Q filed 2021-05-10 (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
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Additional evidence
confirms Marathon Digital 10-Q filed 2021-05-10
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.”