Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 52

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 52
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                         | 13,382,038 |   |                                   |  6,028,588 |   |                         |  1,354,959 |   |                                   |    684,176 |   |                       — |             |   | —                                 |             |   |
| Compensation Actually Paid                                                                                                              |     |                         | 31,387,070 |   |                                   | 11,667,827 |   |                         |  8,820,110 |   |                                   |  5,633,412 |   |                         |   8,983,877 |   |                                   |   4,605,598 |   |
| *  Amounts presented are averages for the entire group of non-PEO NEOs in each respective year.                                         |     |                         |            |   |                                   |            |   |                         |            |   |                                   |            |   |                         |             |   |                                   |             |   |

(4) Pursuant to SEC rules, the amounts shown in this column assume $100 was invested on September 30, 2021 at the end of the fiscal years 2022, 2023 and 2024 and assume that all dividends (if applicable) were reinvested.

(5) See “Relationship between PEO and non-PEO NEO compensation actually paid and adjusted EBITDA” below for further discussion on how adjusted EBITDA is derived from the Company’s audited financials and Appendix A for a reconciliation of adjusted EBITDA to net income (loss), the most directly comparable GAAP financial measure.

Relationship between PEO and non-PEO NEO compensation actually paid and adjusted EBITDA During the fiscal year ended September 30, 2024, the Company’s adjusted EBITDA, a non-GAAP financial measure, was $245.8 million, an increase of $220.8 million, or 882%, from $25.0 million in the prior fiscal year. During the same period, our PEO’s reported compensation increased by $8.5 million, or 121%, and actual compensation increased by $22.6 million, or 256%, and the average non-PEO NEO reported compensation increased by $0.6 million, or 13%, and actual compensation increased by $6.0 million, or 107%. During the fiscal year ended September 30, 2023, the Company’s adjusted EBITDA, a non-GAAP financial measure