Long Term Purchase Contract for 10,500 Antminer S-19 Pro ASIC Miners from Bitmain
Company: Marathon Digital
What the later record shows
Delivered on time · happened June 30, 2021
The 2021 10-K says Bitmain delivered the units on the January–June 2021 schedule. It also says 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 on August 13, 2020 for the purchase of 10,500 next generation Antminer S-19 Pro ASIC Miners with a total hashrate of not less than 1,155,000 TH/s, for a total purchase price of $23,159,173.80 (after 6.62% discount), with deliveries scheduled from January through June 2021.
Source (primary)
Marathon Digital 10-Q filed 2020-11-12 (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 . The purchase price per unit is $2,362.00 ($2,205.63 with a 6.62% discount) for a total purchase price of $24,801,000.00 (with a 6.62% discount for a discounted price of $23,159,173.80). The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000.00TH/s.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-Q states the contract date, counterparty, unit count, minimum hashrate, and discounted total price exactly as claimed. It also gives a delivery schedule running from January 31, 2021 to June 30, 2021.
Confirmed in the source:
- Marathon entered into a Long Term Purchase Contract with Bitmain (Bitmaintech PTE., LTD) on August 13, 2020
- The contract covers 10,500 next generation Antminer S-19 Pro ASIC Miners
- The total hashrate of the miners under the agreement is not less than 1,155,000 TH/s
- The total purchase price after a 6.62% discount is $23,159,173.80
- Deliveries are scheduled from January 2021 through June 2021 (1,500 units by January 31, 2021 and 1,800 units by the end of each month from February through June 2021)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315220021124/form10-q.htm) in full (80,429 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 10-Q filed 2020-11-12
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 . The purchase price per unit is $2,362.00 ($2,205.63 with a 6.62% discount) for a total purchase price of $24,801,000.00 (with a 6.62% discount for a discounted price of $23,159,173.80). The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000.00TH/s.”
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”