Investment in ILAL Series B Preferred Stock
Company: CleanSpark
The claim, verbatim
CleanSpark purchased 1,000 shares of Series B Preferred Stock of ILAL for $500,000.
Source (primary)
CleanSpark 8-K filed 2019-11-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “ILAL sold, and the Company purchased 1,000 shares of Series B Preferred Stock (the "Preferred Stock") of ILAL for an aggregate purchase price of US$500,000.00”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The 8-K states that under a Securities Purchase Agreement dated November 6, 2019, CleanSpark bought 1,000 shares of ILAL Series B Preferred Stock for an aggregate $500,000, less certain expenses and fees.
Confirmed in the source:
- CleanSpark purchased 1,000 shares of ILAL Series B Preferred Stock
- The aggregate purchase price was US$500,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357719000394/clsk8-k.htm) in full (9,058 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2019-11-12
Quote: “ILAL sold, and the Company purchased 1,000 shares of Series B Preferred Stock (the "Preferred Stock") of ILAL for an aggregate purchase price of US$500,000.00”