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
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes this ERCOT-linked earn-out for the Granbury, TX facility, including the three-year window and pricing based on the additional MW approved.
Confirmed in the source:
- A separate earn-out applies if the target receives ERCOT consent to energize additional MW of load at its Granbury, TX facility
- The consent must be received on or before the third anniversary of closing
- The amount will be determined by the number of additional MW of load approved
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315223045354/form8-k.htm) in full (11,345 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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”