Gasifier development costs and commercialization timeline
Company: CleanSpark
The claim, verbatim
Company anticipates costs between $250,000 and $500,000 to complete gasifier improvements; will conduct extended independent testing with third party; upon completion of testing will begin to actively market gasifier units; commercially viable gasifier not expected to be sellable until development is completed
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 be 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. A commercially viable Gasifier is not expected to be sellable until we are able to expend additional resources on its testing and development.”
How we checked this
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Additional evidence
confirms CleanSpark 10-K filed 2019-12-16
Quote: “We anticipate that the cost to complete these improvements would be 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. A commercially viable Gasifier is not expected to be sellable until we are able to expend additional resources on its testing and development.”