Company: CLSKW
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297510
Chunk: 110

Company: CLEANSPARK, INC.
Filing Date: 2025-11-25
Form: 10-K
Item: Item 6
Chunk 110
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 the fair value of the GEM Warrants using Level 3 inputs. The fair value of the GEM Warrants are included in the Other liabilities caption on the Consolidated Balance Sheets and the changes in fair value are included in Loss on derivative securities, net on the Consolidated Statements of Operations and Comprehensive Income (Loss).The following is a summary of stock warrant activity during the years ended September 30, 2025, 2024 and 2023:

         Number ofWarrants Outstanding

         Number ofShares to be Issued Upon Exercise of Warrants

         WeightedAverageExercisePrice ($) (1)

         Balance, September 30, 2022

         202,220

         202,220

         $
         13.03

         Warrants expired

         (16,660
         )

         (16,660
         )
          
         $
         8.00

         Balance, September 30, 2023

         185,560

         185,560

         $
         13.49

         Warrants expired

         (103,000
         )

         (103,000
         )
          
         $
         18.20

         Warrants exercised

         (65,000
         )

         (65,000
         )
          
         $
         8.00

         Balance, September 30, 2024

         17,560

         17,560

         $
         6.12

         Warrants granted

         22,803,726

         1,586,999

         $
         157.96

         Balance, September 30, 2025

         22,821,286

         1,604,559

         $
         156.30

       (1) Weighted average calculated weighting the exercise price versus the number of common shares that would be granted on exercise.As of September 30, 2025, there were warrants exercisable to purchase 1,604,559 shares of common stock in the Company and there were no unvested warrants. These warrants have a weighted average exercise price of $156.30. Most outstanding warrants contain provisions allowing a cashless exercise at their respective exercise prices.As of September 30, 2025, 22,813,726 of the outstanding warrants had a remaining term of 3.3 years and an intrinsic value of $65. The remaining 7,560 of