Pioneer Critical Power acquisition
Company: CleanSpark
The claim, verbatim
Acquired Pioneer Critical Power Inc. on January 22, 2019, issuing 175,000 shares of common stock and two 5-year warrants (50,000 shares at $16/share and 50,000 shares at $20/share)
Source (primary)
CleanSpark 10-Q filed 2020-05-11 (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 MD&A section states that on January 22, 2019 the company acquired Pioneer Critical Power's stock. It lists the 175,000 shares and both 5-year warrants as consideration paid to Pioneer Power Solutions.
Confirmed in the source:
- CleanSpark acquired the outstanding capital stock of Pioneer Critical Power, Inc. on January 22, 2019
- It issued 175,000 shares of common stock as consideration
- It issued a 5-year warrant to purchase 50,000 shares at $16.00 per share
- It issued a 5-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/827876/000166357720000136/clsk10q.htm) in full (142,593 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-Q filed 2020-05-11
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”