Pioneer Critical Power acquisition
Company: CleanSpark
The claim, verbatim
Acquired Pioneer Critical Power, Inc. for 175,000 shares of common stock and two five-year warrants (50,000 shares @ $16.00/share and 50,000 shares @ $20.00/share)
Source (primary)
CleanSpark 10-Q filed 2020-08-04 (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... we issued to its sole shareholder Pioneer Power Solutions, Inc. 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 filing states in both the notes and MD&A that CleanSpark acquired Pioneer Critical Power for 175,000 shares plus two five-year warrants for 50,000 shares each at $16.00 and $20.00 per share.
Confirmed in the source:
- CleanSpark acquired Pioneer Critical Power, Inc. (on January 22, 2019)
- Consideration included 175,000 shares of CleanSpark common stock
- Consideration included a five-year warrant to purchase 50,000 shares at $16.00 per share
- Consideration included a five-year warrant to purchase 50,000 shares at $20.00 per share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357720000252/clsk10q.htm) in full (170,679 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-Q filed 2020-08-04
Quote: “on January 22, 2019, we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation... we issued to its sole shareholder Pioneer Power Solutions, Inc. 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”