Company: CLSKW
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297510
Chunk: 20

Company: CLEANSPARK, INC.
Filing Date: 2025-11-25
Form: 10-K
Item: Item 6
Chunk 20
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51,120

     $
     23,611

     Direct cost to mine one bitcoin as % of average bitcoin mining revenue - Direct hosting fees only

     96.7
     %

     71.5
     %

     66.9
     %

     Direct cost to mine one bitcoin as % of average bitcoin mining revenue - Including miner depreciation expense

     96.7
     %

     115.3
     %

     129.9
     %

     Direct cost to mine one bitcoin as % of average bitcoin mining revenue - Including depreciation expense / including accelerated depreciation

     96.7
     %

     115.3
     %

     149.7
     %

     Statistics

     Hosted Facilities

     Total bitcoin mined at hosted facilities (2)

     147

     896

     1,707

     Bitcoin mining revenue - Hosted facilities - ($ in thousands)
      
     $
     11,623

     $
     45,781

     $
     40,294

     Total miners in service in hosted facilities

     —

     28,320

     16,325

     Total kWh utilized

     144,786,545

     488,173,523

     420,585,554

     Total hosting fee expense - ($ in thousands)
      
     $
     11,242

     $
     32,745

     $
     26,965

     Hosting fee per kWh
      
     $
     0.078

     $
     0.067

     $
     0.064

     Hosting fee expense    as a percentage of bitcoin mining revenue, net

     96.7
     %

     71.5
     %

     66.9
     %

     Depreciation expense - miners only - ($ in thousands)
      
     $
     1

     $
     20,038

     $
     25,382

     Accelerated depreciation expense - miners only    ($ in thousands)
      
     $
     —

     $
     —

     $
     7,967

   (1) Average revenue of each bitcoin mined is calculated by dividing the sum of bitcoin mining revenue for hosted facilities by the total number of bitcoin mined within the hosted facilities during the respective periods. We have determined that Coinbase is the principal market for valuing bitcoin transactions and use the closing prices as of 23:59: