Gasifier development costs and commercialization
Company: CleanSpark
The claim, verbatim
Company anticipates cost to complete improvements to Gasifier technology between $250,000 and $500,000, followed by extended test run with independent third party to verify commercial viability, then active marketing of Gasifier units
Source (primary)
CleanSpark 10-K filed 2019-12-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We anticipate that the cost to complete these improvements would b e between $250,000 and $500,000. Upon completion of the improvements, we would conduct an extended test run with an independent third party to verify the results needed to prove its commercial viability, at which time we would begin to actively market our Gasifier units.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The 10-K's Gasifier section sets out the cost estimate, the planned independent test run, and the plan to begin marketing afterward.
Confirmed in the source:
- The Company anticipates the cost to complete Gasifier improvements at between $250,000 and $500,000
- After the improvements, the Company would conduct an extended test run with an independent third party to verify commercial viability
- At that point the Company would begin actively marketing Gasifier units
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357719000420/clsk.htm) in full (282,479 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-K filed 2019-12-16
Quote: “We anticipate that the cost to complete these improvements would b e between $250,000 and $500,000. Upon completion of the improvements, we would conduct an extended test run with an independent third party to verify the results needed to prove its commercial viability, at which time we would begin to actively market our Gasifier units.”