Macerich $18 million microgrid installation contract scope

Checked on September 29, 2026. The cited source supports part of this claim, but not all of it.

The filing mentions an $18 million installation contract that depends on later written authorizations. It does not show that this total was agreed, because the construction contract had not yet been executed and the amount could change.

Confirmed in the source:

• The filing refers to an $18 million Macerich microgrid installation contract whose balance falls under later stages
• Those later stages require Macerich's written authorization to proceed

We could not confirm this from the cited source:

• That the $18 million value had been agreed: the filing says the agreement only authorized $88,250, construction requires a separate Design Build Contract still to be executed, and the amount may be adjusted if the scope changes

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/827876/000166357719000036/mainbody2.htm) in full (251,181 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.

confirms CleanSpark 10-K filed 2019-01-15

Quote: “the balance of the $18 million microgrid installation contract falls under later stages. These additional stages require Macerich's written authorization to proceed with the overall project.”

View cached copy (2026-09-27)Live source ↗