Bitmain equipment procurement
Company: CleanSpark
The claim, verbatim
In April and May 2025, company executed agreements with Bitmain Technologies to acquire new-generation miners with options to pay in bitcoin and to repurchase transferred bitcoin
Source (primary)
CleanSpark 10-K filed 2025-11-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In April and May 2025, we executed agreements with Bitmain Technologies Delaware Limited ("Bitmain")... to acquire new-generation miners under terms that allowed payment in bitcoin at negotiated premiums to prevailing market prices. As part of these transactions, we secured embedded options to repurchase the transferred bitcoin at the same premium prices”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The Strategic Relationships section describes the April and May 2025 Bitmain agreements, bitcoin-denominated payment terms, and the embedded bitcoin repurchase options.
Confirmed in the source:
- CleanSpark executed agreements with Bitmain Technologies Delaware Limited in April and May 2025
- The agreements were for new-generation miners on terms allowing payment in bitcoin at negotiated premiums to prevailing market prices
- CleanSpark secured embedded options to repurchase the transferred bitcoin at the same premium prices
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000119312525297510/clsk-20250930.htm) in full (562,147 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-K filed 2025-11-25
Quote: “In April and May 2025, we executed agreements with Bitmain Technologies Delaware Limited ("Bitmain")... to acquire new-generation miners under terms that allowed payment in bitcoin at negotiated premiums to prevailing market prices. As part of these transactions, we secured embedded options to repurchase the transferred bitcoin at the same premium prices”