Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 133

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 133
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 outstanding warrants had a weighted average remaining term of 3.8 years and an intrinsic value of $12. The remaining 7,560 of the outstanding warrants do not have expiration dates and have an intrinsic value of $42.

13.   STOCK-BASED COMPENSATIONThe Company sponsors a stock-based incentive compensation plan known as the 2017 Incentive Plan, as amended, (the “Plan”). As of December 31, 2024, there were 8,021,006 shares available and authorized for issuance under the Plan. STOCK OPTIONSThe following is a summary of stock option activity during the three months ended December 31, 2024: 

        Number ofOption Shares

        Weighted AverageExercise Price ($)

        Balance, September 30, 2024

        2,285,462

        $
        15.58

        Options granted

        193,280

        $
        10.19

        Options expired

        (68,122
        )
         
        $
        19.08

        Options forfeited

        (25,554
        )
         
        $
        12.80

        Options exercised

        (17,864
        )
         
        $
        6.17

        Balance, December 31, 2024

        2,367,202

        $
        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