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Consolidated statements of cash flows - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities      
Receipts from Bitcoin mining activities $ 59,037,000 $ 7,898,000 $ 2,174,000
Payments for electricity, suppliers and employees (inclusive of GST) (32,231,000) (6,400,000) (3,180,000)
Total receipts (payments) 26,806,000 1,498,000 (1,006,000)
Interest received 4,000 6,000 3,000
Other income received 0 590,000 16,000
Interest paid (5,253,000) (333,000) 0
Net cash from/(used in) operating activities 21,557,000 1,761,000 (987,000)
Cash flows from investing activities      
Payments for property, plant and equipment (83,654,000) (7,300,000) (3,914,000)
Prepayments for mining hardware (210,593,000) (73,815,000) 0
Payments for right-of-use assets 0 0 (160,000)
Prepayments and deposits (22,038,000) (250,000) (149,000)
Advancement of loan (1,870,000) 0 0
Proceeds from disposal of property, plant and equipment 40,000 2,000 0
Net cash used in investing activities (318,115,000) (81,363,000) (4,223,000)
Cash flows from financing activities      
Proceeds from issue of shares 0 0 2,684,000
Proceeds from hybrid financial instruments 107,845,000 105,662,000 4,163,000
Capital raising costs (4,212,000) 0 (290,000)
Advance payment in relation to share-based payments 0 0 168,000
Proceeds from mining hardware finance 65,200,000 17,084,000 0
Repayment of borrowings (12,120,000) (2,118,000) 0
Proceeds (net of underwriting fees) from Initial Public Offering 215,331,000 0 0
Payment of borrowing transaction costs 0 (2,569,000) 0
Repayment of lease liabilities (6,000) (34,000) 0
Net cash from financing activities 372,038,000 118,025,000 6,725,000
Net increase in cash and cash equivalents 75,480,000 38,423,000 1,515,000
Cash and cash equivalents at the beginning of the financial year 38,990,000 1,956,000 83,000
Effects of exchange rate changes on cash and cash equivalents (4,500,000) (1,389,000) 358,000
Cash and cash equivalents at the end of the financial year $ 109,970,000 $ 38,990,000 $ 1,956,000