Notice Party:
Bitmain Technologies Delaware Limited
By Email to: Qingqing.miao@bitmain.com
CC: legal@bitmain.com & invoice@bitmain.com
NOTICE OF CALL OPTION EXERCISE, DATED APRIL 9, 2024
Pursuant to the January 6, 2024 Agreement between CleanSpark, Inc. & Bitmain Technologies Delaware Limited, as later amended on April 9, 2024, (as amended, the “Agreement”), and in accordance with Appendix C thereto, Cleanspark Inc. hereby exercises in full its option to Purchase 100,000 S21 Pro servers, having specifications as generally described at Exhibit 1 attached hereto.
The Company respectfully requests that the units be delivered evenly over the six months starting June 2024 and ending December 31, 2024, as further described on Exhibit 2 to this notice.
Executed By:
CleanSpark Inc.
By:_/s/_______________
Name: Zach Bradford
Title: CEO
EXHIBIT 1: PRODUCT SPECIFICATIONS
Summary of the general specifications of the Products are as follows:
Type |
Details |
Product Name |
HASH Super Computing Server |
Model |
S21 Pro-234.0T |
Rated Hashrate per Unit, T |
234.00 ±10% |
Rated power per Unit, W |
3,510.00 |
J/T |
15.0 |
Contracted Hashrate, T |
23,400,000 |
Quantity of the Products |
100,000 |
EXHIBIT 2: DELIVERY DATES
It is requested that each batch of Products shall be purchased and delivered in accordance with the following arrangements:
Batch |
Model |
Shipping Period |
Reference Quantity |
Total Rated Hashrate (T) |
Purchase Unit Price (US$/T) |
Corresponding Total Purchase Price (US$) |
1 |
S21 Pro |
July 2024 |
16,667 |
3,900,000 |
16 |
62,400,000 |
2 |
S21 Pro |
August 2024 |
16,667 |
3,900,000 |
16 |
62,400,000 |
3 |
S21 Pro |
September 2024 |
16,667 |
3,900,000 |
16 |
62,400,000 |
4 |
S21 Pro |
October 2024 |
16,667 |
3,900,000 |
16 |
62,400,000 |
5 |
S21 Pro |
November 2024 |
16,666 |
3,900,000 |
16 |
62,400,000 |
6 |
S21 Pro |
December 2024 |
16,666 |
3,900,000 |
16 |
62,400,000 |
In Total |
100,000 |
23,400,000 |
/ |
374,400,000 |
||
Total Purchase Price (tax exclusive): US$374,400,000.00