| Cash Flow | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net loss | 364,464,000 | -145,777,000 | -136,589,000 | -57,326,354 |
| Less loss from discontinued operations | 0 | 0 | -4,429,000 | -17,236,961 |
| Unrealized loss on equity security | - | 0 | 0 | -1,847 |
| Realized gain on sale of equity security | - | 0 | 0 | 665 |
| Impairment of bitcoin | - | 0 | 7,163,000 | 12,210,269 |
| Bitcoin mining revenue, net | 766,314,000 | 378,968,000 | 168,121,000 | 130,999,686 |
| Gain on fair value of bitcoin, net | 425,646,000 | 113,423,000 | - | - |
| Non-cash lease expense | - | 183,000 | 246,000 | 112,872 |
| Proceeds from sale of bitcoin | 0 | 0 | 116,271,000 | 133,201,006 |
| Realized gain on sale of bitcoin | 0 | 91,000 | - | - |
| Bitcoin issued for services | 1,932,000 | 1,134,000 | 720,000 | 611,244 |
| Impairment expense - fixed assets | 0 | 197,041,000 | - | - |
| Impairment expense - other | 0 | 716,000 | - | - |
| Impairment expense - goodwill | - | 0 | 0 | 12,048,419 |
| Impairment of intangibles | - | - | - | 0 |
| Impairment of investment in equity security | - | - | 0 | 250,000 |
| Impairment expense - bitcoin | 0 | - | - | - |
| Unrealized loss on derivative asset | - | -965,000 | -259,000 | -1,949,770 |
| Loss on derivative securities, net | -1,546,000 | - | - | - |
| Gain on fair value of contingent consideration | 0 | 0 | 2,484,000 | 345,791 |
| Change in fair value of bitcoin collateral | - | -1,384,000 | - | - |
| Gain on bitcoin collateral | 92,190,000 | 0 | 1,357,000 | 2,567,101 |
| Stock based compensation | 45,335,000 | 29,555,000 | 24,142,000 | 31,464,994 |
| Depreciation and amortization | 348,335,000 | 154,609,000 | 120,728,000 | 49,044,877 |
| Provision for bad debts | - | 162,000 | 347,000 | 810,346 |
| Amortization of debt discount | - | 129,000 | 69,000 | 45,910 |
| Ppp loan forgiveness | - | - | - | 0 |
| Deferred income taxes, net | 39,111,000 | - | - | - |
| (gain) loss on disposal of assets | 336,000 | -5,466,000 | -1,931,000 | 642,691 |
| Change in contract liabilities | - | - | - | 0 |
| Other | 3,228,000 | - | - | - |
| Decrease in operating lease liabilities | -1,072,000 | -287,000 | -70,000 | -104,131 |
| Increase in accounts payable and accrued liabilities | 32,794,000 | 19,721,000 | 7,673,000 | 16,040,746 |
| Increase (decrease) in prepaid expenses and other current assets | 5,057,000 | 3,367,000 | 4,320,000 | 2,393,320 |
| (increase) in accounts receivables | - | - | 108,000 | 530,308 |
| (increase) decrease in inventory | - | - | 593,000 | 136,593 |
| Increase in deferred income taxes | - | -3,344,000 | -857,000 | - |
| Long -term deposits paid | - | 2,882,000 | 2,913,000 | 2,176,461 |
| Increase decrease in other long term assets | -7,162,000 | - | - | - |
| Net cash (used in) provided by operating activities of continuing operations | -461,032,000 | -233,154,000 | -31,720,000 | 77,806,160 |
| Net cash (used in) provided by operating activities of discontinued operations | 0 | -508,000 | 1,326,000 | -6,362,067 |
| Net cash (used in) provided by operating activities | -461,032,000 | -233,662,000 | -30,394,000 | 71,444,093 |
| Payments on miners (incl. deposits) | - | - | - | 171,181,268 |
| Payments on miners and mining equipment (including deposits) | 418,212,000 | 740,296,000 | 239,416,000 | - |
| Purchase of fixed assets | 144,661,000 | 66,100,000 | 61,460,000 | 19,285,904 |
| Proceeds from the sale of equity securities | - | 0 | 0 | 9,590 |
| Purchase of intangible assets | - | - | - | 225,000 |
| Purchase of software | - | 0 | 0 | - |
| Asset acquisition - dalton 3 | - | 3,569,000 | - | - |
| Settlement of holdbacks related to contingent consideration | - | 0 | 0 | 625,000 |
| Asset acquisition - dalton 1 & 2 | - | 0 | - | - |
| Purchase of bitcoin | -160,184,000 | - | - | - |
| Investment in infrastructure development | - | - | - | 0 |
| Asset acquisition - land in sandersville, ga | - | 1,038,000 | 1,430,000 | - |
| Proceeds from sale of bitcoin and option settlement | 378,158,000 | 43,126,000 | - | - |
| Proceeds from sale of miners | 41,662,000 | 1,438,000 | 34,000 | 3,497,654 |
| Proceeds from sale of derivative contracts | 9,653,000 | - | - | - |
| Acquisition of griid infrastructure | -1,411,000 | - | - | - |
| Asset acquisition - lafayette, ga location | 1,413,000 | - | - | - |
| Asset acquisition - twin city, ga location | 5,490,000 | - | - | - |
| Asset acquisition - tennessee locations | 8,105,000 | 18,376,000 | - | - |
| Asset acquisition - clinton, ms locations | - | 3,020,000 | - | - |
| Asset acquisition - wyoming locations | 0 | 25,940,000 | - | - |
| Asset acquisition - ln energy | 0 | 25,933,000 | - | - |
| Asset acquisition - mississippi locations | 0 | 19,771,000 | - | - |
| Acquisition of waha, net of cash received | - | 0 | 0 | 19,771,610 |
| Asset acquisition - dalton, ga locations | 0 | - | - | - |
| Acquisition of coinmaker llc | - | - | -9,389,000 | - |
| Asset acquisition - land in sandersville, ga | 0 | - | - | - |
| Acquisition of mawson | 0 | 0 | 22,518,000 | 3,400,000 |
| Notes receivable from griid | 0 | 60,919,000 | - | - |
| Other | -1,525,000 | - | - | - |
| Net cash used in investing activities of continuing operations | -305,656,000 | -920,398,000 | -334,179,000 | -210,981,538 |
| Net cash provided by investing activities of discontinued operations | 0 | 0 | 2,250,000 | 0 |
| Net cash used in investing activities | -305,656,000 | -920,398,000 | -331,929,000 | -210,981,538 |
| Purchase of treasury stock | 145,000,000 | - | - | - |
| Proceeds from loans | - | 50,000,000 | - | - |
| Payments for capped call | 90,350,000 | - | - | - |
| Payments on debt | 135,980,000 | 7,265,000 | 14,466,000 | 2,779,570 |
| Payments of debt issuance costs | 2,007,000 | - | - | - |
| Payments on preferred dividends | 10,744,000 | 3,421,000 | 21,000 | 314,610 |
| Payments on finance leases | 25,000 | 93,000 | 301,000 | 431,722 |
| Payments on equipment backed loan | - | 0 | - | - |
| Refund of debt commitment fee | 0 | 0 | 150,000 | - |
| Proceeds from debt, net of issuance fees | 889,195,000 | 0 | 1,937,000 | - |
| Proceeds from equipment backed loan | - | - | 0 | -19,620,356 |
| Payments of taxes on shares withheld for net settlement of restricted stock units | 3,953,000 | 22,685,000 | - | - |
| Proceeds from exercise of options and warrants | 922,000 | 753,000 | 0 | 817,247 |
| Proceeds from equity offerings, net | 186,808,000 | 1,231,834,000 | 383,776,000 | 125,047,987 |
| Net cash provided by financing activities of continuing operations | - | 1,249,123,000 | 371,075,000 | 141,959,688 |
| Net cash provided by financing activities of discontinued operations | - | 0 | 0 | 0 |
| Net cash provided by financing activities | 688,866,000 | 1,249,123,000 | 371,075,000 | 141,959,688 |
| Net increase in cash, cash equivalents, and restricted cash | -77,822,000 | 95,063,000 | 8,752,000 | 2,422,243 |
| Cash and cash equivalents at beginning of period | 124,278,000 | 29,215,000 | 20,463,000 | 18,040,327 |
| Cash and cash equivalents at end of period | 46,456,000 | 124,278,000 | 29,215,000 | 20,462,570 |
CLEANSPARK, INC. (CLSK)
CLEANSPARK, INC. (CLSK)