Company: CLSKW
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297510
Chunk: 81

Company: CLEANSPARK, INC.
Filing Date: 2025-11-25
Form: 10-K
Item: Item 6
Chunk 81
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         $
         39,146

       There were no subsequent adjustments to the allocation of the purchase price after the preliminary allocation.Asset AcquisitionsGeorgia acquisition - LaFayette, GAOn May 13, 2025, CSRE Properties, LLC, a Georgia limited liability company and wholly-owned subsidiary of the Company, entered into an asset purchase agreement with MGT Capital Investments, Inc., to acquire real estate and certain mining related infrastructures in LaFayette, Georgia.The Company completed the acquisition for a combined purchase price of $1,413, which included $1,350 in total cash considerations and $63 in transaction costs. The transaction was accounted for as an asset acquisition, whereby the total purchase price was allocated first to the fair value of the assets acquired and any excess purchase price was allocated to the acquired assets pro-rata. No goodwill is calculated in an asset acquisition.

         ($ in thousands)
          
         Allocation at Acquisition Date

         Infrastructure
          
         $
         752

         Land

         264

         Land improvements

         211

         Building

         159

         Building improvements

         27

         Total
          
         $
         1,413

F-37

Georgia acquisition - Twin City, GAOn January 21, 2025, CSRE Properties Sandersville, LLC, a Georgia limited liability company and wholly-owned subsidiary of the Company, entered into an asset purchase agreement with Apex Data Centers Inc., (“Apex Data”) to acquire a bitcoin mining facility and certain related infrastructures in Twin City, Georgia (the “Twin City Property”).The Company completed the acquisition for a combined purchase price of $5,900, which included $5,400 in total cash considerations, $90 in transaction costs, and $410 in lease liabilities assumed. The transaction was accounted for as an asset acquisition, whereby the total purchase price was allocated first to the fair value of the assets acquired and any excess purchase price was allocated to the acquired assets pro-rata. No goodwill is calculated in an asset acquisition.

         ($ in thousands)
          
         Allocation at Acquisition Date

         Infrastructure
          
         $
         5,051

         Leasehold improvements

         849

         Finance lease liability

         (410
         )

         Total
          
         $
         5,490

       Tennessee acquisitions On September 10, 2024, CleanSpark TN, LLC, a wholly-owned subsidiary of the Company (the “TN MIPA Buyer”), entered