Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 0

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 0
---
Our condensed consolidated financial statements included in this Quarterly Report Form 10-Q are as follows:

    Condensed Consolidated Balance Sheets as of December 31, 2024 (unaudited) and September 30, 2024;
    F-1

    Condensed Consolidated Statements of Operations and Comprehensive Income for the three months ended December 31, 2024 and 2023 (unaudited);
    F-3

    Condensed Consolidated Statements of Stockholders’ Equity for the three months ended December 31, 2024 and 2023 (unaudited);
    F-5

    Condensed Consolidated Statements of Cash Flow for the three months ended December 31, 2024 and 2023 (unaudited); and
    F-7

    Notes to Condensed Consolidated Financial Statements (unaudited).
    F-9

This Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the SEC on December 3, 2024.

The accompanying condensed consolidated financial statements and footnotes have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC's instructions to Form 10-Q. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the interim period ended December 31, 2024 are not necessarily indicative of the results that can be expected for the full fiscal year.

5

CLEANSPARK, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share amounts)

    December 31,2024

    September 30,2024

    (Unaudited)

    ASSETS

    Current assets

    Cash and cash equivalents
     
    $
    276,599

    $
    121,222

    Restricted cash

    3,408

    3,056

    Prepaid expense and other current assets

    10,732

    7,995

    Bitcoin (see Note 4)

    929,080

    431,661

    Receivable from bitcoin collateral (See Note 9)

    —

    77,827

    Note receivable from GRIID (see Note 5)

    —