Company: CLSKW
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297510
Chunk: 86

Company: CLEANSPARK, INC.
Filing Date: 2025-11-25
Form: 10-K
Item: Item 6
Chunk 86
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-rata. No goodwill is calculated in an asset acquisition.The allocation of the purchase price of the assets acquired is summarized below:

         ($ in thousands)
          
         Allocation at Acquisition Date

         Land
          
         $
         327

         Building/Improvements

         702

         Infrastructure

         2,540

         Total
          
         $
         3,569

F-40

In connection with the acquisition of the Dalton Property, the Company entered into a Construction Management Services Agreement dated February 1, 2024 with Makerstar, pursuant to which the Company engaged Makerstar to manage the completion of the construction of a data center facility on the Dalton Property for aggregate consideration of $3,435. The construction was substantially completed, and the facility began bitcoin mining operations, on April 4, 2024.Dalton 1 & 2 acquisitions - Dalton, GAOn June 21, 2023, the Company completed the acquisition of two bitcoin mining facilities in Dalton, Georgia for $9,389. Each of the facilities are located on separate one acre sites, each of which are under land leases. The transaction was accounted for as an asset acquisition, whereby the total purchase price is allocated first to the fair value of the assets acquired and any excess purchase price is allocated to the acquired assets pro-rata. No goodwill is calculated in an asset acquisition.The allocation of the purchase price of the assets acquired and liabilities assumed are summarized below:

         ($ in thousands)
          
         Allocation at Acquisition Date

         Building
          
         $
         1,328

         Infrastructure

         8,061

         Right of use land lease asset

         266

         Operating lease liability

         (266
         )

         Total
          
         $
         9,389

F-41

6. BITCOINAs of September 30, 2025 and 2024, the Company held 10,428 and 6,819 bitcoin, respectively. The following table presents a description of the Company's bitcoin holdings as of September 30, 2025 and 2024:

         As of

         Bitcoin holdings
          
         September 30, 2025

         September 30, 2024

         Number of bitcoin held

         10,428

         6,819

         Cost basis - per bitcoin
          
         $
         105,025

         $
         55,408

         Fair value - per bitcoin