Company: CLSKW
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297510
Chunk: 2

Company: CLEANSPARK, INC.
Filing Date: 2025-11-25
Form: 10-K
Item: Item 1A
Chunk 2
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 on a third-party mining pool service provider for our mining revenue payouts;

•the possibility that banks and financial institutions may not provide services to businesses that engage in cryptocurrency-related activities;

•bitcoins we mine or hold for our own account may be subject to loss, theft or restriction on access;

•potential actions of malicious actors or botnets;

•the loss or destruction of private keys required to access our bitcoins and potential data loss relating to our bitcoins;

•potential failures of digital asset exchanges and custodians;

•our ability to adopt technology in response to changing security needs or trends and reliance on a third party, Coinbase, for custody of our bitcoin holdings;

•the limited rights of legal recourse available to us following any loss of our bitcoins;

•the possibility that our mining costs may exceed our mining revenues;

•damage to the properties included in our mining operation and potential inability to get adequate insurance coverage for same;

•our need for significant electrical power to support our mining operations;

•increased scrutiny and changing expectations from stakeholders with respect to Environmental, Social, and Governance (“ESG”) practices and the impacts of climate change;

•the possibility that large holders of bitcoin may sell bitcoin into the market in large amounts all at once, thereby impacting the growth of the price of bitcoin;