jain.com
The Analysis · Companies · People · Methodology

Intended use of Two Prime facility proceeds

Company: CleanSpark

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

The claim, verbatim

Funds from the Two Prime Master Loan Agreement are expected to be used to support Bitcoin mining hashrate deployment, invest in high-performance computing (HPC) capabilities, and fund Digital Asset Management strategies

Source (primary)

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

Quote: “The funds made available pursuant to the Two Prime Master Loan Agreement are expected to be used to support Bitcoin mining hashrate deployment, invest in high-performance computing (HPC) capabilities, and fund the Company's evolving Digital Asset Management strategies.”

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 funds made available pursuant to the Two Prime Master Loan Agreement are expected to be used to support Bitcoin mining hashrate deployment, invest in high-performance computing (HPC) capabilities, and fund the Company's evolving Digital Asset Management strategies.”

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