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Gasifier development cost estimate

Company: CleanSpark

Subject kind
guidance
Statement date
2019-12-15
Current status
stated

The claim, verbatim

CleanSpark anticipates that the cost to complete gasifier technology improvements will be between $250,000 and $500,000, to be followed by extended testing to prove commercial viability before marketing the units.

Source (primary)

CleanSpark 10-K filed 2019-12-16 (SEC EDGAR, sec_filing)
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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.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

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.”

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