XML 27 R20.htm IDEA: XBRL DOCUMENT
v3.25.2

12. STOCK WARRANTS | 9 Months Ended
--- | ---
Jun. 30, 2025
Stock Warrants |
STOCK WARRANTS | 12. STOCK WARRANTS As part of the GRIID Acquisition on October 30, 2024, the Company issued several warrants to former holders of GRIID warrants. Those issued warrants include 13,800,000 Public Warrants, 7,270,000 Private Warrants, and approximately 1,734,000 GEM Warrants, of which approximately every 14 warrants are exercisable for one share of the Company’s common stock at $165.25, $165.25, and $69.55 per share, respectively. Management has determined that the Public Warrants are subject to accounting treatment as equity, while the Private Warrants and GEM Warrants are subject to accounting treatment as liabilities. At the consummation of the GRIID Acquisition, all warrants were measured at their fair value using the Black-Scholes option pricing model and included in the purchase price calculation. On January 3, 2025 all Private Warrants were converted to Public Warrants. At June 30, 2025, the Company used the Black-Scholes option-pricing model to estimate the fair value of the GEM Warrants using Level 3 inputs. The fair value of the GEM Warrants are included in the Other liabilities caption on the condensed consolidated balance sheets and the changes in fair value are included in Gain (loss) on derivative securities on the condensed consolidated statement of operations. The following is a summary of stock warrant activity during the nine months ended June 30, 2025.
|  | Number of Warrants Outstanding |  |  | Number of Shares to be Issued Upon Exercise of Warrants |  |  | Weighted Average Exercise Price ($) (1) |
Balance, September 30, 2024 |  |  | 17,560 |  |  |  | 17,560 |  |  | $ | 6.12 |
Warrants granted |  |  | 22,803,726 |  |  |  | 1,586,999 |  |  | $ | 157.96 |
Warrants expired |  |  | — |  |  |  | — |  |  | $ | — |
Warrants canceled |  |  | — |  |  |  | — |  |  | $ | — |
Warrants exercised |  |  | — |  |  |  | — |  |  | $ | — |
Balance, June 30, 2025 |  |  | 22,821,286 |  |  |  | 1,604,559 |  |  | $ | 156.30 |
(1) Weighted average calculated weighting the exercise price versus the number of common shares that would be granted on exercise. As of June 30, 2025, there were warrants exercisable to purchase 1,604,559 shares of common stock in the Company and there were no unvested warrants. These warrants have a weighted average exercise price of $156.30. Most outstanding warrants contain provisions allowing a cashless exercise at their respective exercise prices. As of June 30, 2025, 22,813,726 of the outstanding warrants had a weighted average remaining term of 3.3 years and an intrinsic value of $30. The remaining 7,560 of the outstanding warrants do not have expiration dates and have an intrinsic value of $56.

X
- Definition Disclosure12. Stock Warrants Abstract + References No definition available. + Details
Name: | clsk_Disclosure12.StockWarrantsAbstract
Namespace Prefix: | clsk_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Stock Warrants Text Block + References No definition available. + Details
Name: | clsk_StockWarrantsTextBlock
Namespace Prefix: | clsk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration