Gasifier development cost estimate
Company: CleanSpark
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)
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.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing gives the $250,000 to $500,000 improvement cost estimate and says an extended third-party test run to prove commercial viability would precede marketing.
Confirmed in the source:
- CleanSpark anticipates the cost to complete gasifier improvements would be between $250,000 and $500,000
- After the improvements, an extended test run with an independent third party would be conducted to prove commercial viability
- CleanSpark would then begin actively marketing its 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 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.”