XML 22 R16.htm IDEA: XBRL DOCUMENT
v3.24.0.1

7. PROPERTY AND EQUIPMENT | 3 Months Ended
--- | ---
Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT Property and equipment consist of the following:
($ in thousands) |  | December 31, 2023 |  |  | September 30, 2023 |
Land |  | $ | 4,144 |  |  | $ | 4,144 |
Land improvements |  |  | 1,695 |  |  |  | 1,564 |
Building and improvements |  |  | 57,705 |  |  |  | 52,198 |
Leasehold improvements |  |  | 672 |  |  |  | 672 |
Miners |  |  | 634,115 |  |  |  | 527,868 |
Mining equipment |  |  | 18,753 |  |  |  | 18,706 |
Infrastructure |  |  | 45,954 |  |  |  | 45,612 |
Machinery and equipment |  |  | 2,190 |  |  |  | 1,907 |
Furniture and fixtures |  |  | 766 |  |  |  | 386 |
Construction in progress |  |  | 64,758 |  |  |  | 81,875 |
Total |  | $ | 830,752 |  |  | $ | 734,932 |
Less: accumulated depreciation |  |  | (193,271 | ) |  |  | (170,537 | )
Property and equipment, net |  | $ | 637,481 |  |  | $ | 564,395 |
Depreciation expense for the three months ended December 31, 2023 and 2022 was $29,333 and $18,827, respectively. There were no disposals during either the three months ended December 31, 2023 or 2022. For the three months ended December 31, 2023, the Company disposed of $7,784 of miners with a net book value of $1,185 for $508 and recognized a $677 loss on disposal. The Company placed-in service property and equipment of $120,721 during the three months ended December 31, 2023, which includes $240 in machinery and equipment acquired in the financing transactions. This increase in fixed assets primarily consisted of miners of $114,030. On April 7, 2023, CleanSpark HQ, LLC (“HQLLC”), a single member limited liability company and subsidiary wholly owned by the Company, purchased certain real property located at 10424 South Eastern Ave., Suite 200, Henderson, Nevada (the "Eastern Property") for $4,100. The property consists of approximately 15,000 square feet of office space. The Company utilizes this office space as its new corporate headquarters. The real property is recorded in building and building improvements and was placed in service in the first quarter of fiscal 2024. Construction in progress: The Company is expanding its facilities in the State of Georgia, including infrastructure, building, and land improvements to expand its mining operations. As of December 31, 2023 and September 30, 2023, the Company has outstanding deposits for miners and mining equipment totaling $25,048 and $75,959, respectively. Such deposits are as long-term assets on the Consolidated Balance Sheets.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration