Asset and IP purchase from Petersen Incorporated for gasifier development
Company: CleanSpark
The claim, verbatim
Acquired intellectual property rights to patents #8,105,401 and #8,518,133, and a 32-inch Downdraft Gasifier. Issued 715,320 shares of common stock and assumed $156,900 in liabilities.
Source (primary)
CleanSpark 10-K filed 2015-12-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “On March 25, 2014, we entered into an Asset and Intellectual Property Purchase Agreement ('Purchase Agreement') pursuant to which we acquired: (i) all Intellectual Property rights, title and interest in Patent # 8,105,401 'Parallel Path, Downdraft Gasifier Apparatus and Method' (ii) all Intellectual Property rights, title and interest in Patent # 8,518,133 'Parallel Path, Downdraft Gasifier Apparatus and Method' and (iii) all of the Property rights, title and interest in a 32 inch Downdraft Gasifier ('Gasifier'). Pursuant to the Purchase Agreement, we agreed to issue 715,320 shares of $0.001 par value common stock and assume of $156,900 in liabilities to Petersen Incorporated”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
The 10-K describes the March 25, 2014 purchase agreement with these exact patents, gasifier, share count and assumed liabilities. It names Petersen Incorporated as the party owed the $156,900 in liabilities, but does not name the seller.
Confirmed in the source:
- The company acquired all intellectual property rights, title and interest in Patent #8,105,401
- The company acquired all intellectual property rights, title and interest in Patent #8,518,133
- The company acquired property rights, title and interest in a 32-inch Downdraft Gasifier
- The company agreed to issue 715,320 shares of common stock under the purchase agreement
- The company assumed $156,900 in liabilities, owed to Petersen Incorporated for engineering and construction of the Gasifier
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166225215000002/mainbody.htm) in full (113,996 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-K filed 2015-12-29
Quote: “On March 25, 2014, we entered into an Asset and Intellectual Property Purchase Agreement ('Purchase Agreement') pursuant to which we acquired: (i) all Intellectual Property rights, title and interest in Patent # 8,105,401 'Parallel Path, Downdraft Gasifier Apparatus and Method' (ii) all Intellectual Property rights, title and interest in Patent # 8,518,133 'Parallel Path, Downdraft Gasifier Apparatus and Method' and (iii) all of the Property rights, title and interest in a 32 inch Downdraft Gasifier ('Gasifier'). Pursuant to the Purchase Agreement, we agreed to issue 715,320 shares of $0.001 par value common stock and assume of $156,900 in liabilities to Petersen Incorporated”