Acquisition of Pioneer Critical Power, Inc.
Company: CleanSpark
The claim, verbatim
On January 22, 2019, CleanSpark acquired Pioneer Critical Power, Inc., issuing 1,750,000 shares of common stock, a 5-year warrant to purchase 500,000 shares at $1.60 per share, and a 5-year warrant to purchase 500,000 shares at $2.00 per share to Pioneer Power Solutions, Inc.
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 we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation ("Pioneer"), which we have since renamed and redomiciled to the State of Nevada and changed the name to CleanSpark Critical Power Systems Inc. As consideration for the transaction, we issued to its sole shareholder Pioneer Power Solutions, Inc. ("Pioneer Power") a total of 1,750,000 shares of our common stock, a 5-year warrant to purchase 500,000 shares of our common stock at an exercise price of $1.60 per share and a 5-year warrant to purchase 500,000 shares of our common stock at an exercise price of $2.00 per share.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The MD&A and Note 3 confirm the January 22, 2019 acquisition. They also confirm the listed share and warrant consideration and that it was issued to Pioneer Power Solutions, Inc. as sole shareholder.
Confirmed in the source:
- On January 22, 2019, CleanSpark acquired Pioneer Critical Power, Inc. (its outstanding capital stock, via merger)
- CleanSpark issued 1,750,000 shares of common stock as consideration
- CleanSpark issued a 5-year warrant to purchase 500,000 shares at $1.60 per share
- CleanSpark issued a 5-year warrant to purchase 500,000 shares at $2.00 per share
- The consideration was issued to Pioneer Power Solutions, Inc., Pioneer's sole shareholder
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 we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation ("Pioneer"), which we have since renamed and redomiciled to the State of Nevada and changed the name to CleanSpark Critical Power Systems Inc. As consideration for the transaction, we issued to its sole shareholder Pioneer Power Solutions, Inc. ("Pioneer Power") a total of 1,750,000 shares of our common stock, a 5-year warrant to purchase 500,000 shares of our common stock at an exercise price of $1.60 per share and a 5-year warrant to purchase 500,000 shares of our common stock at an exercise price of $2.00 per share.”