Required additional financing
Company: CleanSpark
The claim, verbatim
CleanSpark requires $5,000,000 in additional financing to maximize success, for continued software upgrades, further commercialization of products and services, marketing and sales, and working capital.
Source (primary)
CleanSpark 424B5 filed 2018-12-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “In order to maximize our potential for success, we required a total of $5,000,000 in additional financing. As explained in this report, this funding is needed for continued upgrades to our software, expand on further commercialization of our products and services, marketing and sales of both sides of our business operations and for working capital.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The risk factors section states the $5,000,000 financing need and lists each of these intended uses.
Confirmed in the source:
- CleanSpark stated it required $5,000,000 in additional financing to maximize its potential for success
- The funding was for continued software upgrades, further commercialization of products and services, marketing and sales, and working capital
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357718000553/mainbody.htm) in full (181,126 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 424B5 filed 2018-12-14
Quote: “In order to maximize our potential for success, we required a total of $5,000,000 in additional financing. As explained in this report, this funding is needed for continued upgrades to our software, expand on further commercialization of our products and services, marketing and sales of both sides of our business operations and for working capital.”