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7. PROPERTY AND EQUIPMENT | 6 Months Ended
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Mar. 31, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT Property and equipment consist of the following:
($ in thousands) |  | March 31, 2024 |  |  | September 30, 2023 |
Land |  | $ | 6,813 |  |  | $ | 4,144 |
Land improvements |  |  | 5,431 |  |  |  | 1,564 |
Building and improvements |  |  | 75,382 |  |  |  | 52,198 |
Leasehold improvements |  |  | 672 |  |  |  | 672 |
Miners |  |  | 658,677 |  |  |  | 527,868 |
Mining equipment |  |  | 22,579 |  |  |  | 18,706 |
Infrastructure |  |  | 105,664 |  |  |  | 45,612 |
Machinery and equipment |  |  | 2,727 |  |  |  | 1,907 |
Furniture and fixtures |  |  | 1,253 |  |  |  | 386 |
Construction in progress |  |  | 14,037 |  |  |  | 81,875 |
Total |  | $ | 893,235 |  |  | $ | 734,932 |
Less: accumulated depreciation |  |  | (222,725 | ) |  |  | (170,537 | )
Property and equipment, net |  | $ | 670,510 |  |  | $ | 564,395 |
Depreciation expense for the six months ended March 31, 2024 and 2023 was $60,999 and $39,656, respectively. For the six months ended March 31, 2024, the Company disposed of $11,648 of miners with a net book value of $2,837 for $508 and recognized a $2,329 loss on disposal. The Company placed-in service property and equipment of $214,448 during the six months ended March 31, 2024, which included $287 in machinery and equipment acquired in equipment loan transactions. This increase in fixed assets primarily consisted of miners of $142,456. Assets acquired through acquisition transactions (see Note 3 Acquisitions) resulted in an additional $23,340 in total assets placed in service. Additionally, in January 2024, the Company purchased raw land next to the Sandersville, GA location for approximately $1,038. 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 in 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 March 31, 2024 and September 30, 2023, the Company has outstanding deposits for miners and mining equipment totaling $161,309 and $75,959, respectively. Such deposits are as long-term assets on the Consolidated Balance Sheets.

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- 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
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