Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 1

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 1
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    60,919

    Derivative investments

    4,496

    1,832

    Investment in debt security, AFS, at fair value

    950

    918

    Total current assets
     
    $
    1,225,265

    $
    705,430

    Property and equipment, net
     
    $
    1,256,000

    $
    869,693

    Operating lease right of use assets

    4,293

    3,263

    Intangible assets, net

    5,945

    3,040

    Deposits on miners and mining equipment

    126,867

    359,862

    Other long-term assets

    25,671

    13,331

    Goodwill

    135,251

    8,043

    Total assets
     
    $
    2,779,292

    $
    1,962,662

    LIABILITIES AND STOCKHOLDERS' EQUITY

    Current liabilities

    Accounts payable
     
    $
    27,622

    $
    82,992

    Accrued liabilities

    51,006

    43,874

    Other current liabilities

    5,693

    2,240

    Current portion of loans payable

    7,215

    58,781

    Dividends payable

    5,141

    —

    Total current liabilities
     
    $
    96,677

    $
    187,887

    Long-term liabilities

    Loans payable, net of current portion, debt discount and debt issuance costs

    641,433

    7,176

    Deferred income taxes

    14,978

    5,761

    Other long-term liabilities

    4,618

    997

    Total liabilities
     
    $
    757,706

    $
    201,821

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-1

CLEANSPARK, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

(in thousands, except par value and share amounts)

    Stockholders' equity

    Preferred stock; $0.001 par value; 10,000,000