Company: CLSKW
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297510
Chunk: 15

Company: CLEANSPARK, INC.
Filing Date: 2025-11-25
Form: 10-K
Item: Item 6
Chunk 15
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.6

     CleanSpark percentage of total global hashrate

     4.30
     %

     4.40
     %

     2.45
     %

     (1)  Total global hashrate obtained as of September 30, 2025, 2024 and 2023 were from Hashrate index (https://data.hashrateindex.com/network-data/network) using SMA 7 days and YCHARTS (https://ycharts.com/indicators/bitcoin_network_hash_rate), respectively.

     (2) Watts of energy required to produce each terahash of processing power. Based on miner fleet operating at period end.

     (3) The average hashrate obtained as of September 30, 2025, and 2024 were calculated from operating activity for the final month of the reporting period.

   As of September 30, 2025, our operating hashrate was approximately 4.30% of the total global hashrate, and we received approximately the same percentage of the global blockchain rewards, which as of that date equaled approximately 19-20 bitcoin per day, excluding the bitcoin earned from network transaction fees. Ultimately, in order to mine profitably, we work to ensure that these mining rewards cover our direct operating costs.

51

The table below describes the average cost of mining each bitcoin for the years ended September 30, 2025, 2024 and 2023 and the total energy usage and cost per each kilowatt hour (“kWh”) utilized within our owned facilities. 

     For the year ended

     Cost of Revenues - Analysis of costs to mine one bitcoin (per bitcoin amounts are actual)
      
     September 30,2025

     September 30,2024

     September 30,2023

     Cost of Mining - Owned Facilities

     Cost of energy per bitcoin mined
      
     $
     42,890

     $
     21,308

     $
     12,668

     Other direct costs of mining - non energy utilities per bitcoin mined

     66

     93

     75

     Cost to mine one bitcoin - direct energy cost - Owned facilities
      
     $
     42,956

     $
     21,401

     $
     12,743

     Miner depreciation per bitcoin mined

     39,727

     17,156

     8,208

     Financing costs per