Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 4

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 4
---
    29,847

    Deferred income taxes, net

    9,217

    1,399

    (Gain) loss on disposal of assets

    (791
    )

    677

    Other

    373

    121

    Changes in operating assets and liabilities

    Decrease in operating lease liabilities

    (148
    )

    (50
    )

    Decrease in accounts payable and accrued liabilities

    (4,654
    )

    (6,315
    )

    Increase in prepaid expenses and other current assets

    (800
    )

    (498
    )

    Increase in other long-term assets

    (12,477
    )

    —

    Net cash used in operating activities - Continuing Operations
     
    $
    (119,452
    )
     
    $
    (47,276
    )

    Net cash used in operating activities of Discontinued Operations

    —

    (408
    )

    Net cash used in operating activities
     
    $
    (119,452
    )
     
    $
    (47,684
    )

    Cash Flows from Investing Activities

    Payments on miners and mining equipment (including deposits)
     
    $
    (222,028
    )
     
    $
    (48,858
    )

    Purchase of fixed assets

    (57,359
    )

    (27,503
    )

    Proceeds from sale of bitcoin

    —

    43,035

    Acquisition of GRIID Infrastructure

    1,411

    —

    Asset acquisition - Tennessee Locations

    (8,105
    )

    —

    Proceeds from sale of miners

    30,134

    508

    Net cash used in investing activities - Continuing Operations
     
    $
    (255,947
    )
     
    $
    (32,818
    )

    Net cash used in investing activities
     
    $
    (255,947
    )
     
    $
    (32,818
    )

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-7

CLEANSPARK, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Continued)(Unaudited, in thousands)

    Three Months Ended

    December 31,2024

    December 31,2023

    Cash Fl