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
