Material weaknesses remediation plan
Company: CleanSpark
What the later record shows
The date slipped
The plan was to remediate during fiscal 2019. The FY2021 10-K still reports material weaknesses as of September 30, 2021, including in financial close and reporting controls. This indicates remediation was not complete when due.
“management identified the following material weaknesses: (1) the Company did not adequately implement or properly maintain controls over its financial close and reporting process”
2021-12-13 · CleanSpark 10-K filed 2021-12-14 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
Company plans to remediate material weaknesses in internal controls by September 30, 2019 by adopting written policies and procedures for accounting and financial reporting
Source (primary)
CleanSpark 10-Q filed 2019-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending September 30, 2019: adopt sufficient written policies and procedures for accounting and financial reporting.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
Item 4 of the filing states that CleanSpark plans to adopt written accounting and financial reporting policies during the fiscal year ending September 30, 2019 to remediate the identified material weaknesses.
Confirmed in the source:
- CleanSpark identified material weaknesses in its internal control over financial reporting
- CleanSpark plans to remediate these weaknesses during its fiscal year ending September 30, 2019
- The planned remediation is to adopt sufficient written policies and procedures for accounting and financial reporting
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: “To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending September 30, 2019: adopt sufficient written policies and procedures for accounting and financial reporting.”
delays CleanSpark 10-K filed 2021-12-14
Quote: “management identified the following material weaknesses: (1) the Company did not adequately implement or properly maintain controls over its financial close and reporting process”