Pioneer Critical Power IP and client list acquisition
Company: CleanSpark
What the later record shows
Not a promise: a reported event · happened January 22, 2019
The claim reports an acquisition completed on January 22, 2019. A later 10-Q confirms both the deal and that Pioneer became a wholly owned subsidiary.
“As a result of the transaction, Pioneer Critical Power Inc. became a wholly owned subsidiary of the Company.”
2021-08-15 · CleanSpark 10-Q filed 2021-08-16 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CleanSpark acquired intellectual property assets and client lists from Pioneer Critical Power, Inc. on January 22, 2019, issuing 1,750,000 shares of common stock and two 5-year warrants (500,000 shares each at $1.60 and $2.00 exercise prices). Pioneer Critical Power became a wholly owned subsidiary, renamed CleanSpark Critical Power Systems, Inc. on February 1, 2019.
Source (primary)
CleanSpark 10-Q filed 2019-08-14 (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 clients lists. As consideration the Company issued to its sole shareholder (i) 1,750,000 of the common stock of CleanSpark, (ii) a five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $1.60 per share, and (iii) a five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $2.00 per share.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing's organization note and acquisition note state the date, the assets acquired, the share and warrant consideration, the subsidiary status, and the February 1, 2019 renaming.
Confirmed in the source:
- On January 22, 2019, CleanSpark acquired intellectual property assets and client lists from Pioneer Critical Power, Inc.
- The consideration was 1,750,000 shares of CleanSpark common stock
- The consideration included a five-year warrant for 500,000 shares at $1.60 per share and a five-year warrant for 500,000 shares at $2.00 per share
- Pioneer Critical Power, Inc. became a wholly owned subsidiary of CleanSpark
- Pioneer Critical Power, Inc. was renamed CleanSpark Critical Power Systems, Inc. on February 1, 2019
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357719000336/cleanspark10q.htm) in full (126,824 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-Q filed 2019-08-14
Quote: “On January 22, 2019, CleanSpark entered into an Agreement with Pioneer Critical Power, Inc., whereby it acquired certain intellectual property assets and clients lists. As consideration the Company issued to its sole shareholder (i) 1,750,000 of the common stock of CleanSpark, (ii) a five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $1.60 per share, and (iii) a five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $2.00 per share.”