Pioneer Critical Power intellectual property and customer list acquisition
Company: CleanSpark
The claim, verbatim
On January 22, 2019, CleanSpark acquired certain intellectual property assets and a customer list from Pioneer Critical Power, Inc. As consideration, the Company issued 175,000 shares of common stock, a five-year warrant to purchase 50,000 shares at $16.00 per share, and a five-year warrant to purchase 50,000 shares at $20.00 per share.
Source (primary)
CleanSpark 10-K filed 2019-12-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On January 22, 2019, CleanSpark entered into an Agreement with Pioneer Critical Power, Inc., whereby it acquired certain intellectual property assets and a customer list. As consideration the Company issued to its sole shareholder (i) 175,000 of the common stock of CleanSpark, (ii) a five-year warrant to purchase 50,000 shares of CleanSpark common stock at an exercise price of $16.00 per share, and (iii) a five-year warrant to purchase 50,000 shares of CleanSpark 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 10-K states the date, the assets acquired, and all three consideration components. It adds that the consideration went to Pioneer's sole shareholder.
Confirmed in the source:
- On January 22, 2019, CleanSpark entered into an agreement with Pioneer Critical Power, Inc. and acquired certain intellectual property assets and a customer list
- Consideration included 175,000 shares of CleanSpark common stock
- Consideration included a five-year warrant to buy 50,000 shares at $16.00 per share
- Consideration included a five-year warrant to buy 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/827876/000166357719000420/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: “On January 22, 2019, CleanSpark entered into an Agreement with Pioneer Critical Power, Inc., whereby it acquired certain intellectual property assets and a customer list. As consideration the Company issued to its sole shareholder (i) 175,000 of the common stock of CleanSpark, (ii) a five-year warrant to purchase 50,000 shares of CleanSpark common stock at an exercise price of $16.00 per share, and (iii) a five-year warrant to purchase 50,000 shares of CleanSpark common stock at an exercise price of $20.00 per share.”