Schultz Bitcoin compensation
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
No passage mentions Schultz receiving 0.5 Bitcoin per month or any Bitcoin compensation being paid.
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Schultz's base salary was amended to include 0.5 Bitcoin per month (6.0 Bitcoin per year), retroactive to April 1, 2021, conditioned on the Company mining Bitcoin.
Source (primary)
CleanSpark 8-K filed 2021-04-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the payment of 0.5 Bitcoin per month of employment, or 6.0 Bitcoin per year”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states the 0.5 BTC per month (6.0 per year) base-salary addition, its retroactivity to April 1, 2021, and that it ends automatically if the Company ceases mining Bitcoin.
Confirmed in the source:
- Schultz's employment agreement was amended to add a non-cash component to his base salary
- The component is 0.5 Bitcoin per month, or 6.0 Bitcoin per year
- The amendment is retroactive to April 1, 2021
- The Bitcoin component terminates automatically if the Company stops mining Bitcoin
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357721000188/clsk8k.htm) in full (8,854 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2021-04-16
Quote: “the payment of 0.5 Bitcoin per month of employment, or 6.0 Bitcoin per year”