XML 160 R55.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Debt and Warrants - Additional Information (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 25, 2024
Jun. 26, 2024
Jul. 02, 2023
Jun. 08, 2022
May 02, 2022
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Aug. 02, 2024
Jul. 02, 2024
Oct. 09, 2022
Nov. 19, 2021
Debt Instrument [Line Items]                              
Long term debt bearing variable interest rate percentage       11.00%                      
Gain on extinguishment of debt           $ (45,053,000) $ 0 $ (45,053,000) $ 0 $ 25,081,000 $ 51,079,000        
Minimum percentage of mined currency to be maintained in deposits           50.00%   50.00%   50.00%          
Bitcoins owned and deposited           $ 10.00   $ 10.00   $ 3,440 3,067.000        
Interest expenses           $ 6,248,000 6,416,000 $ 13,203,000 13,009,000 $ 34,001,000 14,367,000        
Extended maturity term                   Jun. 30, 2025          
Shares held under bridge financing           1,440,645   3,969,869              
Share held under bridge financing value           $ 1,400,000   $ 5,900,000              
Outstanding amount           2,611,000   2,611,000              
Share Purchase Agreement [Member]                              
Debt Instrument [Line Items]                              
Actual amount of origination fees     $ 4,000,000                        
Origination fees     3,500,000                        
Bridge financing     20,135,000                        
Subsequent Event [Member]                              
Debt Instrument [Line Items]                              
Payment of bitcoin $ 10.00                            
Bridge Loans [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value           $ 1,205,000   $ 1,205,000   $ 1,205,000          
Bridge Loans [Member] | Share Purchase Agreement [Member]                              
Debt Instrument [Line Items]                              
Repayment of subordinated debt     $ 18,278,000                        
Promissory Note [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value                   $ 19,868,000          
Debt instrument stated interest rate percentage           15.00%   15.00%   15.00%          
Debt instrument effective interest rate percentage           22.50%   22.50%   22.50%          
Warrant [Member]                              
Debt Instrument [Line Items]                              
Class of warrants or rights exercise price per unit                   $ 0.01          
Gain on extinguishment of debt                   $ (25,081,000)          
Additional warrants issued                   539,165          
If Effective Time Does Not Occur On Or Prior To The Maturity Date [Member] | Promissory Note [Member]                              
Debt Instrument [Line Items]                              
Warrants issuable to purchase shares outstanding post merger           2.51%   2.51%   2.51%          
If Effective Time Occurs On Or Prior To The Maturity Date [Member] | Promissory Note [Member]                              
Debt Instrument [Line Items]                              
Class of warrants or rights exercise price per unit           $ 0.01   $ 0.01              
Warrants issuable to purchase shares outstanding post merger           3.79%   3.79%   3.79%          
Fourth Amended And Restated Loan Agreement [Member]                              
Debt Instrument [Line Items]                              
Class of warrants or rights exercise price per unit                   $ 0.01          
Interest expenses           $ 6,248,000 6,416,000 $ 13,203,000 13,009,000 $ 14,061,000 5,230,000        
Debt related fees and issuance costs           2,690,000 $ 2,268,000 6,044,000 3,872,000 9,758,000 906,000        
Amortization                   $ 4,303,000 $ 4,324,000        
Fourth Amended And Restated Loan Agreement [Member] | Block Chain Warrants [Member]                              
Debt Instrument [Line Items]                              
Class of warrants or rights number of securities covered by each warrant or right                   1,377,778          
Percentage of units exchanged as a percentage of outstanding common stock post merger                   10.00%          
CleanSpark Credit Agreement [Member]                              
Debt Instrument [Line Items]                              
Debt instrument decrease forgiveness   $ 15,000,000                          
Deferred debt issuance cost writeoff   403,000                          
CleanSpark Credit Agreement [Member] | Subsequent Event [Member]                              
Debt Instrument [Line Items]                              
Term loan maximum borrowing capacity                       $ 55,919,000      
Blockchain Loan Agreement [Member]                              
Debt Instrument [Line Items]                              
Amortization               2,230,000 $ 2,089,000            
Block Chain [Member]                              
Debt Instrument [Line Items]                              
Class of warrants or rights exercise price per unit                             $ 10
Gain on extinguishment of debt   45,043,000                          
Debt instrument repaid principal   67,265,000                          
Debt instrument decrease forgiveness   $ 15,000,000                          
Block Chain [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value                             $ 535,375,000
Block Chain [Member] | Fourth Amended And Restated Loan Agreement [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value                           $ 57,433,000  
Long term debt maturity date                           Sep. 23, 2025  
Long term debt bearing fixed interest rate percentage                           (10.00%)  
Gain on extinguishment of debt                   $ (51,079,000)          
Block Chain [Member] | First Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value                             44,375,000
Block Chain [Member] | Additional First Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value                             2,000,000
Block Chain [Member] | Second Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value                             89,000,000
Block Chain [Member] | Third Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value                             200,000,000
Block Chain [Member] | Fourth Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Debt instrument face value                             $ 200,000,000
Block Chain [Member] | Fourth Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member] | Condition One [Member]                              
Debt Instrument [Line Items]                              
Prepayment fees as a percentage of interest payable for the unexpired period                             30.00%
Block Chain [Member] | Fourth Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member] | Condition Two [Member]                              
Debt Instrument [Line Items]                              
Prepayment fees as a percentage of interest payable for the unexpired period                             15.00%
Block Chain [Member] | Tranche One Additional Tranche Second Third And Fourth Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Long term debt maturity date                             Sep. 23, 2025
Block Chain [Member] | Additional First Tranche Loan And Second Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Long term debt bearing fixed interest rate percentage         7.00%                    
Proceeds from medium term notes payable         $ 6,000,000                    
Block Chain [Member] | First Tranche Loan Second Tranche Loan And Third Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member]                              
Debt Instrument [Line Items]                              
Prepayment fees as a percentage of interest payable for the unexpired period                             15.00%
Proceeds from medium term notes payable       $ 1,531,000                      
Block Chain [Member] | First Second Third And Fourth Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member] | Supplemental Warrants [Member]                              
Debt Instrument [Line Items]                              
Warrants to be issued as a percentage of fully diluted equity upon consummation of merger if no loan is borrowed                             2.25%
Percentage of warrants transferrable without any restrictions                             75.00%
Block Chain [Member] | First Second Third And Fourth Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member] | Maximum [Member] | Supplemental Warrants [Member]                              
Debt Instrument [Line Items]                              
Warrants to be issued as a percentage of fully diluted equity upon consummation of merger                             3.00%
Block Chain [Member] | First Second Third And Fourth Tranche Loan [Member] | Amended And Restated Notes Payable Agreement Three [Member] | Minimum [Member] | Supplemental Warrants [Member]                              
Debt Instrument [Line Items]                              
Warrants to be issued as a percentage of fully diluted equity upon consummation of merger                             1.85%
Senior Secured Term Loan Credit Agreement [Member]                              
Debt Instrument [Line Items]                              
Term loan maximum borrowing capacity           $ 55,919,000   $ 55,919,000              
Term loan initiall borrowing capacity                         $ 15,000,000    
Debt instrument maturity date description               The maturity date of the term loan is the earlier of (i) June 26, 2025, or (ii) 90 days after the termination of the merger transaction between CleanSpark and GRIID under the CleanSpark Merger Agreement (other than a termination resulting solely from the breach of CleanSpark).              
Term loan interest rate               8.50%