Acquisition of GridFabric, LLC
Company: CleanSpark
The claim, verbatim
On August 31, 2020, the Company purchased all issued and outstanding membership units of GridFabric, LLC, which became a wholly owned subsidiary.
Source (primary)
CleanSpark 10-Q filed 2021-05-06 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On August 31, 2020, the Company entered into a Membership Interest Purchase Agreement with GridFabric, LLC, ("GridFabric"), and its sole member, whereby the Company purchased all of the issued and outstanding membership units of GridFabric from its sole member. As a result of the transaction, GridFabric a wholly owned subsidiary of the Company.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
Notes 1 and 3 of the filing describe the August 31, 2020 purchase of all GridFabric membership units and state that GridFabric became a wholly owned subsidiary.
Confirmed in the source:
- On August 31, 2020 the Company purchased all issued and outstanding membership units of GridFabric, LLC
- GridFabric became a wholly owned subsidiary of the Company
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357721000230/clsk10q.htm) in full (168,615 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-Q filed 2021-05-06
Quote: “On August 31, 2020, the Company entered into a Membership Interest Purchase Agreement with GridFabric, LLC, ("GridFabric"), and its sole member, whereby the Company purchased all of the issued and outstanding membership units of GridFabric from its sole member. As a result of the transaction, GridFabric a wholly owned subsidiary of the Company.”