Macerich microgrid project agreement
Company: CleanSpark - Project: Thousand Oaks
What the later record shows
Outcome not yet confirmed
The October 2, 2018 agreement signing had already happened, but the claim also expects full authorization of the $18 million project in Q1 2019. No later passages were provided to show whether that authorization or the microgrid work followed.
Checked November 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Professional Services Agreement with Macerich for engineering, design, consultation and construction of $18 million microgrid at Thousand Oaks facility; full authorization expected in first quarter 2019
Source (primary)
CleanSpark 10-K filed 2019-01-15 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)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... At this time this agreement only specifically authorizes an initial $88,250 for consultation and engineering services, the balance of the $18 million microgrid installation contract falls under later stages. We expect to receive written permission to proceed on all stages of the contract in the first quarter of 2019.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The 10-K supports each element. It also notes that only an initial $88,250 had been authorized, that construction requires a separate Design Build Contract, and that the $18 million figure may change if the scope changes.
Confirmed in the source:
- On October 2, 2018 CleanSpark executed a Professional Services Agreement with Macerich
- The agreement covers engineering, design and consultation services and follow-on construction work to install a microgrid
- The microgrid installation contract is valued at $18 million
- The microgrid is expected to be located at Macerich's Thousand Oaks facility in California
- CleanSpark expects written permission to proceed on all stages in the first quarter of 2019
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 27, 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... At this time this agreement only specifically authorizes an initial $88,250 for consultation and engineering services, the balance of the $18 million microgrid installation contract falls under later stages. We expect to receive written permission to proceed on all stages of the contract in the first quarter of 2019.”