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
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes each term of the power purchase agreement as claimed.
Confirmed in the source:
- Marathon and Beowulf entered into an exclusive Power Purchase Agreement for the Hardin facility
- Initial supply of 30 MW (Phase I) and up to 100 MW in the aggregate (Phase II)
- Energy cost of $0.028 per kWh
- Initial term of five years with up to five additional three-year extensions
- Assumes 75% energy utilization of the initial 30 MW
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: “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.”