Earn-out shares conditional on facility availability
Company: CleanSpark - Project: Sandersville
What the later record shows
Outcome not yet confirmed
No passage says whether any of the 1,100,890 earn-out shares were issued.
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Up to 1,100,890 earn-out shares payable based on co-location data center availability, with 100% available if facilities cleared by April 21, 2023 (195 days after closing)
Source (primary)
CleanSpark 8-K filed 2022-10-11 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “up to 1,100,890 shares of Company Common Stock (the "Earn-out Shares")... with 100% of the Earn-Out Shares being available with respect to Co-location MDCs that are emptied on or before the 195 th day after the Closing Date”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing sets out the 1,100,890-share earn-out tied to emptying co-location data centers, with full availability through day 195. April 21, 2023 is the correct date 195 days after the October 8, 2022 closing.
Confirmed in the source:
- Up to 1,100,890 earn-out shares may be issued
- The earn-out shares depend on co-location modular data centers being emptied and made available to CleanSpark
- 100% of the earn-out shares are available for data centers emptied on or before the 195th day after closing, which is April 21, 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017022019412/clsk-20221008.htm) in full (12,436 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2022-10-11
Quote: “up to 1,100,890 shares of Company Common Stock (the "Earn-out Shares")... with 100% of the Earn-Out Shares being available with respect to Co-location MDCs that are emptied on or before the 195 th day after the Closing Date”