Bitmain mining equipment supply agreement
Company: CleanSpark
The claim, verbatim
Executed agreements with Bitmain to acquire new-generation miners with payment in bitcoin at negotiated premiums, including embedded options 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"), one of our key mining equipment suppliers, 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 10-K's Distribution, Marketing and Strategic Relationships section states each element of this claim, including the Bitmain counterparty, the bitcoin-premium payment terms, and the embedded repurchase options.
Confirmed in the source:
- CleanSpark executed agreements with Bitmain Technologies Delaware Limited in April and May 2025 to acquire new-generation miners
- The agreements allowed 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"), one of our key mining equipment suppliers, 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”