Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 36

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 36
---
15.15

      As of December 31, 2024, there were options exercisable to purchase 1,424,951 shares of common stock in the Company. As of December 31, 2024, the outstanding options had a weighted average remaining term of 7.5 years and an intrinsic value of $2,296.For the three months ended December 31, 2024, the Company also granted 193,280 options to purchase shares of common stock to employees with a total fair value of $1,749. 

F-27

The Black-Scholes model utilized the following inputs to value the options granted during the three months ended December 31, 2024:

        Fair value assumptions Options:
         
        December 31, 2024

        Risk free interest rate
         
        3.56% - 4.48%

        Expected term (years)
         
        1.0 - 6.21

        Expected volatility
         
        121.86% - 123.02%

        Expected dividends

        0
        %
       
      The Company recognized stock-based compensation expense relating to stock options of $1,078 and $1,812 for the three months ended December 31, 2024 and 2023, respectively. As of December 31, 2024, the Company expects to recognize $8,883 of stock-based compensation for the non-vested outstanding options over a weighted-average period of 2.27 years.RESTRICTED STOCK UNITSThe following table summarizes the activity for all restricted stock units (“RSUs”) during the three months ended December 31, 2024: 

        Number ofShares

        WeightedAverage Fair ValuePer Share

        AggregateIntrinsic Value

        Outstanding at September 30, 2024

        1,674,211

        $
        7.56

        $
        12,649

        Granted

        148,715

        $
        8.78

        Vested

        -

        -

        Outstanding at December 31, 2024

        1,822,926

        $
        7.65

        $
        16,789

      On October 1, 2024, the Company granted 136,520 time-based RSUs to its board members as part of their annual compensation. These RSUs vest 25% quarterly and have a combined grant-date fair value