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3. ACQUISITIONS (Tables) | 9 Months Ended
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Jun. 30, 2025
GRIID Infrastructure Inc [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | On October 30, 2024, the Company completed the GRIID Acquisition for a total preliminary purchase consideration of $128,247, which is comprised of the following:
($ in thousands, except price per share) |  | GRIID |
Shares of CleanSpark common stock issued |  |  | 5,031 |
Closing price per share of CleanSpark common stock on October 30, 2024 |  | $ | 12.06 |
Fair value of CleanSpark common share issued as a portion of purchase price |  | $ | 60,677 |
Fair value of CleanSpark warrants issued as a portion of purchase price |  |  | 6,097 |
Fair value of equity portion of purchase price |  |  | 66,774 |
Cash consideration |  |  | 1 |
Settlement of amounts payable by Company to GRIID under Hosting Agreement |  |  | (1,164 | )
Settlement of the GRIID Credit Agreement as a portion of purchase price |  |  | 62,636 |
Settlement of preexisting relationship, including interest, as a portion of purchase price |  |  | 61,472 |
Preliminary purchase price |  | $ | 128,247 |
The preliminary net assets acquired as of the acquisition date are presented as follows:
($ in thousands) |  | Adjusted Balance |
Tangible assets |  |  |
Cash and cash equivalents |  | $ | 1,089 |
Restricted cash |  |  | 323 |
Accounts receivable |  |  | 172 |
Prepaid expense and other current assets |  |  | 193 |
Property and equipment |  |  | 18,839 |
Other long-term assets |  |  | 9,601 |
Operating lease right of use assets |  |  | 1,100 |
Total tangible assets acquired |  |  | 31,317 |
Intangible assets |  |  |
Goodwill |  |  | 120,767 |
Total assets acquired |  |  | 152,084 |
Liabilities assumed |  |  |
Accounts payable |  |  | 3,479 |
Accrued liabilities |  |  | 15,070 |
Finance lease obligations |  |  | 2 |
Operating lease liabilities |  |  | 2,458 |
Other liabilities |  |  | 2,828 |
Total liabilities assumed |  |  | 23,837 |
Net assets acquired |  | $ | 128,247 |
The pro forma results include adjustments primarily related to purchase accounting.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | June 30, 2025 |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Pro forma revenue |  | N/A |  | $ | 108,819 |  |  | $ | 542,662 |  |  | $ | 305,779 |
Pro forma net income (loss) from continuing operations |  | N/A |  |  | (211,533 | ) |  |  | 355,862 |  |  |  | (47,807 | )
Georgia Acquisition [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The allocation of the purchase price of the assets acquired are summarized below:
($ in thousands) |  | Allocation at Final Acquisition Date |
Infrastructure |  | $ | 5,051 |
Leasehold improvements |  |  | 849 |
Finance lease liability |  |  | (410 | )
Total |  | $ | 5,490 |
Georgia Acquisition - LaFayette, GA [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The allocation of the purchase price of the assets acquired are summarized below:
($ in thousands) |  | Allocation at Final Acquisition Date |
Infrastructure |  | $ | 752 |
Land |  |  | 264 |
Land improvements |  |  | 211 |
Building |  |  | 159 |
Building improvements |  |  | 27 |
Total |  | $ | 1,413 |
Tennessee Acquisition [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The allocation of the purchase price of the assets acquired are summarized below:
($ in thousands) |  | Allocation at Final Acquisition Date |
Land |  | $ | 6,187 |
Land improvements |  |  | 648 |
Building |  |  | 805 |
Infrastructure |  |  | 22,153 |
Right of use assets |  |  | 61 |
Operating lease liability |  |  | (372 | )
Total |  | $ | 29,482 |
Mississippi Acquisition [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The allocation of the purchase price of the assets acquired are summarized below:
($ in thousands) |  | Allocation at Acquisition Date |
Land |  | $ | 734 |
Construction in progress |  |  | 2,286 |
Total |  | $ | 3,020 |

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