Pioneer Critical Power acquisition for IP and clients
Company: CleanSpark
What the later record shows
Not a promise: a reported event · happened January 22, 2019
The claim describes an acquisition agreement already signed on January 22, 2019. A later 10-Q confirms the transaction on that date.
“On January 22, 2019, CleanSpark entered into an agreement with Pioneer Critical Power, Inc., whereby it acquired certain intellectual property assets and client lists.”
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 Pioneer Critical Power, Inc.'s intellectual property assets and client lists for consideration of 1,750,000 common shares, five-year warrants to purchase 500,000 shares at $1.60 per share, and five-year warrants to purchase 500,000 shares at $2.00 per share
Source (primary)
CleanSpark 10-Q filed 2019-05-15 (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 10-Q states that CleanSpark acquired Pioneer Critical Power's intellectual property assets and client lists, and it lists exactly this consideration of 1,750,000 shares and two five-year warrants for 500,000 shares each at $1.60 and $2.00. The filing adds that the consideration went to Pioneer's sole shareholder, Pioneer Power Solutions, and that the deal was structured as a merger making Pioneer a wholly owned subsidiary; neither detail contradicts the claim.
Confirmed in the source:
- CleanSpark acquired intellectual property assets and client lists through an agreement with Pioneer Critical Power, Inc. (dated January 22, 2019)
- Consideration included 1,750,000 shares of CleanSpark common stock
- Consideration included a five-year warrant to purchase 500,000 shares at an exercise price of $1.60 per share
- Consideration included a five-year warrant to purchase 500,000 shares at an exercise price of $2.00 per share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357719000210/mainbody.htm) in full (123,190 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-Q filed 2019-05-15
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.”