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3. ACQUISITIONS (Tables) | 6 Months Ended
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Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of MIG Consideration | The Company accounted for this transaction as an acquisition of a business. The fair value of the consideration given to Mawson and the other sellers in connection with the transaction and the allocation of the purchase price in accordance with ASC 820 were as follows:
($ in thousands) |  | Fair Value |
Cash |  | $ | 22,518 |
Financing provided by seller |  |  | 6,500 |
1,590,175 shares of CLSK common stock |  |  | 4,803 |
Total purchase price |  | $ | 33,821 |
Contingent Consideration |  |  |
Earn-out Shares of CLSK common stock |  |  | 3,325 |
Megawatt earnout (up to $2,000 max) |  |  | 2,000 |
Total contingent consideration |  | $ | 5,325 |
Total purchase sale agreement consideration-Combined |  | $ | 39,146 |
Schedule of MIG Purchase Price Allocation |
($ in thousands) |  | Preliminary Allocation at Acquisition Date |
Right of use lease asset |  | $ | 5,010 |
Lease liability assumed |  |  | (5,100 | )
Building |  |  | 13,654 |
Infrastructure asset |  |  | 4,465 |
Miners |  |  | 12,914 |
Machinery and equipment |  |  | 160 |
Goodwill |  |  | 8,043 |
Total |  | $ | 39,146 |
Schedule of WAHA and SPRE Consideration | The Company determined the fair value of the consideration given to WAHA & SPRE in connection with the transaction and the allocation of the purchase price in accordance with ASC 820 were as follows:
Consideration: ($ in thousands) |  | Fair Value |
Cash |  | $ | 19,772 |
Financing provided by SPRE |  |  | 1,962 |
Mortgage assumed |  |  | 2,158 |
Total Consideration |  | $ | 23,892 |
Schedule of WAHA and SPRE Purchase Price Allocation |
Purchase Price Allocation: ($ in thousands) |  | Preliminary Allocation at Acquisition Date |
Land |  | $ | 100 |
Building/Improvements |  |  | 14,700 |
Miners |  |  | 9,092 |
Total |  | $ | 23,892 |
Schedule of Unaudited Pro Forma Information Assuming Acquisitions | The following is the unaudited pro forma information assuming the consummation of each of the Mawson Transaction and WAHA Transaction occurred on October 1, 2021:
| For the Six Months Ended |
($ in thousands, except share and per share) |  | March 31, 2022 |
Net sales from continuing operations |  | $ | 101,831 |
Income from continuing operations |  | $ | 19,397 |
Income from continuing operations per common share - basic |  | $ | 0.47 |
Weighted average common shares outstanding – basic |  |  | 40,802,319 |
Income from continuing operations per common share - diluted |  | $ | 0.47 |
Weighted average common shares outstanding – diluted |  |  | 40,861,052 |

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