Company: CLSKW
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297510
Chunk: 74

Company: CLEANSPARK, INC.
Filing Date: 2025-11-25
Form: 10-K
Item: Item 6
Chunk 74
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 cash (used in) provided by operating activities

         (30,394
         )

         (17,247
         )

         Payments of taxes on shares withheld for net settlement of restricted stock units

         —

         (5,571
         )

         Proceeds from equity offerings, net

         383,776

         376,200

         Net cash provided by financing activities of continuing operations

         371,075

         357,928

         Net cash provided by financing activities

         371,075

         357,928

       For any rows left blank in the tables above, no changes were identified from that prior period. All referenced amounts for prior periods in these financial statements and the notes herein reflect the balances and amounts as revised. The footnote under Note 14 - Income Taxes has been revised to incorporate the changes discussed above and is presented herein as updated.4. DISCONTINUED OPERATIONSIn June 2022, the Company determined to make available for sale the asset groups related to its energy segment due to its strategic shift to strictly focus on its bitcoin mining operations. As a result, the energy segment's results of operations were reclassified as discontinued operations on a retrospective basis for all periods presented. Through September 2023, the Company sold the majority of its software and intellectual property assets related to the energy segment and is in the process of winding-down the remaining assets and liabilities.The results of operations of this segment, for all periods, are separately reported as Discontinued operations in the Consolidated Statements of Operations and Comprehensive Income (Loss). Provided below are the key areas of the financials that constitute the discontinued operations:

         For the year ended

           ($ in thousands)
          
         September 30, 2023

         Total revenues, net
          
         $
         158

         Total costs and expenses

         6,071

         Loss from operations
          
         $
         (5,913
         )

         Other income (expense)

         Gain on disposal of assets

         1,508

         Interest expense

         (24
         )

         Total other income
          
         $
         1,484

         Loss before income tax expense
          
         $
         (4,429
         )

         Income tax expense

         —

         Net loss attributable to common shareholders
          
         $
         (4,429
         )

F-33

5. ACQUISITIONSBusiness CombinationsGRIID Infrastructure Inc