Texas regulatory audit of data center project
Company: Marathon Digital
The claim, verbatim
Milestone payments are contingent upon successful conclusion of audit of data center project by Texas regulatory authorities
Source (primary)
Marathon Digital 8-K filed 2026-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “restructuring the payments tied to the receipt of certain regulatory approvals to be payable in two installments upon (x) the successful conclusion of an audit of the data center project being developed on the Site (the "Project") by Texas regulatory authorities (the "Audit")”
How we checked this
Checked on September 28, 2026. The cited source supports part of this claim, but not all of it.
The filing links only one installment of the regulatory-approval payments to the audit, not the milestone payments as a whole.
Confirmed in the source:
- Under the amendment, payments tied to certain regulatory approvals are payable in two installments
- One installment is payable upon successful conclusion of an audit of the data center project by Texas regulatory authorities
We could not confirm this from the cited source:
- That milestone payments generally are contingent on the audit; the filing ties only one installment of the regulatory-approval payments to the audit, and ties the other installment to Buyer's election to proceed
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000095014226002607/eh260835247_8k.htm) in full (9,916 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2026-09-25
Quote: “restructuring the payments tied to the receipt of certain regulatory approvals to be payable in two installments upon (x) the successful conclusion of an audit of the data center project being developed on the Site (the "Project") by Texas regulatory authorities (the "Audit")”