Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 110

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 110
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 has been recognized for awards under the 2025 Long Term Incentive Plan because a mutual understanding of the awards’ key terms and conditions has not been determined and communicated to the grantees.Earnings per shareBasic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share reflects the potential dilution of securities that could share in the earnings of an entity. The calculation of diluted net income per share gives effect to common stock equivalents; however, potential common shares are excluded if their effect is anti-dilutive. Common stock issuable upon the exercises of outstanding stock options, vesting of restricted stock and warrants are computed using the treasury method. Potential shares of common stock issuable upon conversion of the convertible notes and Series A preferred stock are computed using the if-converted method. 

F-11

Provided below is the income per share calculation for the three months ended December 31, 2024 and 2023: 

          For the Three MonthsEnded December 31,

           ($ in thousands, except share and per share amounts)
           
          2024

          2023

          Numerator

          Net income attributable to common shareholders - Basic
           
          $
          241,650

          $
          25,330

          Non-cash interest expense on convertible notes

          119

          —

          Net income attributable to common shareholders - Dilutive

          241,769

          25,330

          Denominator

          Weighted-average common shares outstanding - Basic

          284,549,900

          178,809,264

          Dilutive impact of stock options and other share-based awards

          652,120

          1,974,271

          Dilutive impact of convertible notes

          6,685,121

          —

          Weighted-average common shares outstanding - Dilutive

          291,887,141

          180,783,535

          (Loss) income per common share attributable to common shareholders

          Basic
           
          $
          0.85

          $
          0.14

          Diluted
           
          $
          0.83

          $
          0.14

        Fair Value Measurement of Financial Instruments, Derivative Assets and Contingent ConsiderationFair value is defined as the exchange price that would be received for an asset or paid