ERCOT approval earn-out for Granbury, TX facility expansion
Company: Marathon Digital
The claim, verbatim
If the target receives ERCOT consent to energize additional MW of load at its Granbury, TX facility within three years of closing, buyer will pay an earn-out amount determined based on the number of additional MW approved
Source (primary)
Marathon Digital 8-K filed 2023-12-19 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “if, on or prior to the third annual anniversary of the Closing, the Target receives the consent of the Electric Reliability Council of Texas, Inc. ("ERCOT") to energize (or similar) additional MW of load at its facility in Granbury, TX, Buyer shall be required to pay an earnout in an amount to be determined based on the number of additional MW of load approved”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Marathon Digital 8-K filed 2023-12-19
Quote: “if, on or prior to the third annual anniversary of the Closing, the Target receives the consent of the Electric Reliability Council of Texas, Inc. ("ERCOT") to energize (or similar) additional MW of load at its facility in Granbury, TX, Buyer shall be required to pay an earnout in an amount to be determined based on the number of additional MW of load approved”