Overall business plan financing requirement
Company: CleanSpark
What the later record shows
Delivered on time · happened December 31, 2018
P5 lists a securities purchase agreement and a convertible debenture dated December 31, 2018, which falls within the twelve-month window. The passage does not give the amount, so it cannot confirm that at least $500,000 was raised.
“Form of Securities Purchase Agreement, dated December 31, 2018, between CleanSpark Inc. and the Investor”
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 anticipates need for at least $500,000 in financing over next twelve months to execute business plans
Source (primary)
CleanSpark 10-K filed 2018-01-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “anticipate the need for at least $500,000 in financing over the next twelve months to execute on our business plans”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The 10-K states the company anticipates the need for at least $500,000 in financing over the next twelve months to execute its business plans; note this sentence appears in the Gasifier business section.
Confirmed in the source:
- CleanSpark anticipated needing at least $500,000 in financing over the next twelve months to execute on its business plans
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357718000019/mainbody.htm) in full (207,635 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-K filed 2018-01-16
Quote: “anticipate the need for at least $500,000 in financing over the next twelve months to execute on our business plans”
confirms CleanSpark 10-K filed 2021-12-14
Quote: “Form of Securities Purchase Agreement, dated December 31, 2018, between CleanSpark Inc. and the Investor”