Acquisition of Pioneer Critical Power, Inc.
Company: CleanSpark
The claim, verbatim
Acquired outstanding capital stock of Pioneer Critical Power, Inc. on January 22, 2019 for 175,000 shares of common stock, a 5-year warrant to purchase 50,000 shares at $16.00 exercise price, and a 5-year warrant to purchase 50,000 shares at $20.00 exercise price.
Source (primary)
CleanSpark 424B5 filed 2020-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “on January 22, 2019, we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation ('Pioneer')... we issued to its sole shareholder Pioneer Power Solutions, Inc. ('Pioneer Power') a total of 175,000 shares of our common stock, a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of $16.00 per share and a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of $20.00 per share.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The Switchgear Equipment section states the acquisition date and each element of the consideration exactly as claimed.
Confirmed in the source:
- CleanSpark acquired the outstanding capital stock of Pioneer Critical Power, Inc.
- The acquisition occurred on January 22, 2019
- Consideration included 175,000 shares of CleanSpark common stock
- Consideration included a 5-year warrant to purchase 50,000 shares at a $16.00 exercise price
- Consideration included a 5-year warrant to purchase 50,000 shares at a $20.00 exercise price
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357720000371/pro_supp.htm) in full (172,924 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 424B5 filed 2020-10-09
Quote: “on January 22, 2019, we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation ('Pioneer')... we issued to its sole shareholder Pioneer Power Solutions, Inc. ('Pioneer Power') a total of 175,000 shares of our common stock, a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of $16.00 per share and a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of $20.00 per share.”