Operating expense increase expectation
Company: CleanSpark
The claim, verbatim
Operating expenses expected to increase in future quarters as company implements business plan and executes customer contracts requiring additional personnel
Source (primary)
CleanSpark 10-Q filed 2020-08-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We expect that our operating expenses will increase in future quarters as we further implement our business plan. As we execute on customer contracts we may be required to hire and compensate additional personnel”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The MD&A states this expectation directly, though it frames the need for additional personnel as something that 'may be required' rather than a certainty.
Confirmed in the source:
- Management expects operating expenses to increase in future quarters as the business plan is implemented
- Executing customer contracts may require hiring and compensating additional personnel
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: “We expect that our operating expenses will increase in future quarters as we further implement our business plan. As we execute on customer contracts we may be required to hire and compensate additional personnel”