3. ACQUISITIONS |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||
| ACQUISITIONS | 3. ACQUISITIONS Brazoria County, Texas Acquisitions On February 27, 2026, CleanSpark Data I, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company, completed an acquisition of real estate and land rights in Brazoria County, Texas. The Company completed the acquisition for a total purchase price of $28,652, consisting of $28,083 of cash consideration and $569 of transaction costs. The transaction was accounted for as an asset acquisition, whereby the total purchase price was allocated proportionally across the fair values of qualifying acquired assets and liabilities. No goodwill is calculated in an asset acquisition. The allocation of the purchase price of the assets acquired are summarized below:
On May 28, 2026, the Company completed the acquisition of additional adjacent land in Brazoria County, Texas for a total purchase price of $9,562, consisting of $9,062 of cash consideration and $500 of transaction costs. The transaction was accounted for as an asset acquisition, whereby the total purchase price was allocated to the land because no other assets were acquired and no liabilities were assumed. Austin County, Texas Acquisitions On October 27, 2025, CleanSpark Data I, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company, entered into an asset purchase agreement with Priority Power Management, Inc., to acquire real estate and a land purchase option in Austin County, Texas. The Company completed the acquisition for a total purchase price of $65,698, consisting of $20,000 in cash consideration inclusive of a $500 escrow deposit paid in the prior fiscal year; the issuance of 1,788,834 shares of common stock with a fair value of $36,134; deferred consideration of $10,000, initially recognized at its acquisition-date fair value of $8,874 and included in Accrued liabilities as of June 30, 2026; and $690 of transaction costs. The transaction was accounted for as an asset acquisition, whereby the total purchase price was allocated proportionally across the fair values of qualifying acquired assets and liabilities. No goodwill is calculated in an asset acquisition. The allocation of the purchase price of the assets acquired are summarized below:
On April 17, 2026, the Company completed the acquisition of additional adjacent land in Austin County, Texas for a total purchase price of $15,087, consisting of $15,056 of cash consideration and $31 of transaction costs. The transaction was accounted for as an asset acquisition, whereby the total purchase price was allocated to the land because no other assets were acquired and no liabilities were assumed. Other Acquisitions During the period, the Company completed asset acquisitions in the ordinary course of business. These acquisitions primarily consisted of land and related real estate assets. The Company completed these acquisitions for an aggregate purchase price of about $13,293 paid in cash, inclusive of customary transaction costs. Each transaction was accounted for as an asset acquisition, whereby the total purchase price was allocated to the identifiable assets acquired based on their relative fair values. No goodwill was recognized in connection with these transactions. |
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