Macerich Thousand Oaks microgrid project $18 million contract
Company: CleanSpark - Project: Thousand Oaks
The claim, verbatim
Professional Services Agreement with Macerich executed October 2, 2018 for Thousand Oaks facility microgrid with $18 million total installation contract value
Source (primary)
CleanSpark 10-K filed 2019-01-15 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On October 2, 2018, we executed a Profession Services Agreement with Macerich to perform engineering, design and consultation services and follow-on construction work to install a Microgrid designed by our engineering team... the balance of the $18 million microgrid installation contract falls under later stages”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The 10-K states the October 2, 2018 agreement with Macerich for a Thousand Oaks microgrid and refers to the $18 million microgrid installation contract. The filing also notes that only an initial $88,250 was authorized and later stages require Macerich's written approval.
Confirmed in the source:
- The company executed a Professional Services Agreement with Macerich on October 2, 2018
- The microgrid is expected to be located at Macerich's Thousand Oaks, California facility
- The microgrid installation contract is valued at $18 million
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357719000036/mainbody2.htm) in full (251,181 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-K filed 2019-01-15
Quote: “On October 2, 2018, we executed a Profession Services Agreement with Macerich to perform engineering, design and consultation services and follow-on construction work to install a Microgrid designed by our engineering team... the balance of the $18 million microgrid installation contract falls under later stages”