COMMITMENTS AND CONTINGENCIES

12 Months Ended

Sep. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

14. COMMITMENTS AND CONTINGENCIES

On January 22, 2016, the Company terminated its lease agreement at 2391 South 1560 West, Unit B, Woods Cross Utah and relocated its corporate office to 70 North Main Street, Suite 105, Bountiful, Utah 84010. The Company executed a one-year lease agreement that calls for the Company to make payments of $850 per month. The Company has prepaid rent for January 2017. Future minimum lease payments under the operating leases for the facilities as of September 30, 2016, are $2,550.

CleanSpark, LLC has agreed to provide the power produced by its mircogrid assets located on the FractalGrid demonstration facility to Camp Pendleton Marine Corp Base free of charge until 2024. In exchange we have been granted the permission to locate our system on the base and the access to conduct guided tours of the FractalGrid demonstration facility for our potential customers.