Beowulf and 2P1 data facility services agreement with equity compensation
Company: Marathon Digital - Project: Hardin
The claim, verbatim
Beowulf and 2P1 will provide operation and maintenance services for the Hardin facility in exchange for an initial issuance of 3,000,000 shares each valued at $1.87 per share ($11,220,000 aggregate), plus 150,000 additional shares to Beowulf upon Phase I completion and 350,000 shares during Phase II (150,000 at 60 MW, 200,000 at 100 MW).
Source (primary)
Marathon Digital 10-Q filed 2021-05-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Beowulf and 2P1 will provide operation and maintenance services for the Facility pursuant to a Data Facility Services Agreement, in exchange for an initial issuance of 3,000,000 shares of Marathon's common stock to each of Beowulf and 2Pl valued at the time of execution at $1.87 per share or $11,220,000 in aggregate. Upon completion of Phase I, Marathon will issue to Beowulf an additional 150,000 shares of its common stock. During Phase II, Marathon will issue to Beowulf an additional 350,000 shares of its common stock – 150,000 shares upon reaching 60 MW of Facility load and 200,000 at completion of the full 100 MW of Facility load.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes the services arrangement and all equity compensation figures as claimed.
Confirmed in the source:
- Beowulf and 2P1 will provide operation and maintenance services for the Hardin facility under a Data Facility Services Agreement
- Initial issuance of 3,000,000 shares to each of Beowulf and 2P1 valued at $1.87 per share, $11,220,000 in aggregate
- 150,000 additional shares to Beowulf upon completion of Phase I
- 350,000 additional shares to Beowulf during Phase II — 150,000 at 60 MW load and 200,000 at completion of 100 MW load
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: “Beowulf and 2P1 will provide operation and maintenance services for the Facility pursuant to a Data Facility Services Agreement, in exchange for an initial issuance of 3,000,000 shares of Marathon's common stock to each of Beowulf and 2Pl valued at the time of execution at $1.87 per share or $11,220,000 in aggregate. Upon completion of Phase I, Marathon will issue to Beowulf an additional 150,000 shares of its common stock. During Phase II, Marathon will issue to Beowulf an additional 350,000 shares of its common stock – 150,000 shares upon reaching 60 MW of Facility load and 200,000 at completion of the full 100 MW of Facility load.”