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Collateral requirements under Two Prime facility

Company: CleanSpark

Subject kind
financing
Statement date
2025-09-24
Current status
stated

The claim, verbatim

CleanSpark must maintain collateral at specified margin thresholds; failure to do so requires posting additional collateral or loan repayment and can result in default and liquidation of pledged digital assets

Source (primary)

CleanSpark 8-K filed 2025-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Company must satisfy ongoing collateral maintenance requirements. If the value of posted collateral falls below the specified margin threshold, the Company must promptly post additional collateral or repay a portion of the loan. Failure to maintain sufficient collateral can result in an event of default and remedies available to Two Prime, including the right to liquidate pledged collateral.”

How we checked this

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000119312525216457/clsk-20250919.htm) in full (6,356 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms CleanSpark 8-K filed 2025-09-25

Quote: “The Company must satisfy ongoing collateral maintenance requirements. If the value of posted collateral falls below the specified margin threshold, the Company must promptly post additional collateral or repay a portion of the loan. Failure to maintain sufficient collateral can result in an event of default and remedies available to Two Prime, including the right to liquidate pledged collateral.”

View cached copy (2026-08-31)Live source ↗