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v3.25.1

Property, plant and equipment (Tables) | 12 Months Ended
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Jun. 30, 2024
Disclosure of detailed information about property, plant and equipment [abstract] |
Consolidated Property, Plant and Equipment |
| Consolidated |
| 30 June 2024 |  | 30 June 2023 |
| US$’000 |  | US$’000 |
Land - at cost | 3,601 |  |  | 1,803 |  |
Buildings - at cost | 215,542 |  |  | 153,100 |  |
Less: Accumulated depreciation | (13,237) |  |  | (5,042) |  |
Total buildings | 202,305 |  |  | 148,058 |  |
Plant and equipment - at cost | 4,856 |  |  | 4,145 |  |
Less: Accumulated depreciation | (1,142) |  |  | (712) |  |
Total plant and equipment | 3,714 |  |  | 3,433 |  |
Mining hardware - at cost | 177,766 |  |  | 115,024 |  |
Less: Accumulated depreciation | (54,892) |  |  | (15,709) |  |
Less: Accumulated impairment | (25,605) |  |  | (25,934) |  |
Total mining hardware | 97,269 |  |  | 73,381 |  |
HPC hardware - at cost | 33,315 |  |  | - |  |
Less: Accumulated depreciation | (1,779) |  |  | - |  |
Total HPC hardware | 31,536 |  |  | - |  |
Development assets - at cost | 102,946 |  |  | 14,427 |  |
Total property, plant and equipment | 441,371 |  |  | 241,102 |  |
The effect of these changes on actual and expected depreciation expense was as follows.
In $'000 | 30 June 2024 | 30 June 2025 | 30 June 2026 | 30 June 2027
Increase / (decrease) in depreciation expenses | 11,568 | 1,712 | (21,037) | (8,818)
Reconciliations of Written Down Values of Property, Plant and Equipment | Reconciliations Reconciliations of the written down values at the beginning and end of the current and previous financial year are set out below:
| Land |  | Buildings |  | Plant and equipment |  | Mining hardware |  | HPC hardware |  | Development assets |  | Total
Consolidated | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000
Balance at 1 July 2022 | 1,836 |  |  | 13,082 |  |  | 3,200 |  |  | 163,147 |  |  | - |  |  | 66,297 |  |  | 247,562 |
Additions | - |  |  | 22,467 |  |  | 673 |  |  | 163,663 |  |  | - |  |  | 67,866 |  |  | 254,669 |
Deconsolidation of subsidiaries | - |  |  | - |  |  | - |  |  | (90,054) |  |  | - |  |  | - |  |  | (90,054) |
Disposals | (6) |  |  | - |  |  | - |  |  | (39,046) |  |  | - |  |  | - |  |  | (39,052) |
Exchange differences | (27) |  |  | 2,852 |  |  | (93) |  |  | (7,826) |  |  | - |  |  | (4,685) |  |  | (9,779) |
Impairment of assets | - |  |  | - |  |  | - |  |  | (90,524) |  |  | - |  |  | (1,084) |  |  | (91,608) |
Transfers in/(out) | - |  |  | 113,967 |  |  | - |  |  | - |  |  | - |  |  | (113,967) |  |  | - |
Depreciation expense (note 7) | - |  |  | (4,310) |  |  | (347) |  |  | (25,979) |  |  | - |  |  | - |  |  | (30,636) |
Balance at 30 June 2023 | 1,803 |  |  | 148,058 |  |  | 3,433 |  |  | 73,381 |  |  | - |  |  | 14,427 |  |  | 241,102 |
Additions | 1,817 |  |  | 3,288 |  |  | 876 |  |  | 65,291 |  |  | 33,685 |  |  | 150,408 |  |  | 255,365 |
Disposals | - |  |  | - |  |  | (35) |  |  | (6) |  |  | - |  |  | (5) |  |  | (46) |
Exchange differences | (19) |  |  | (2,706) |  |  | (104) |  |  | (1,595) |  |  | (369) |  |  | 252 |  |  | (4,541) |
Reversal of impairment | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 108 |  |  | 108 |
Assets written off | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (202) |  |  | (202) |
Transfers in/(out) | - |  |  | 62,042 |  |  | - |  |  | - |  |  |  |  | (62,042) |  |  | - |
Depreciation expense (note 7) | - |  |  | (8,377) |  |  | (456) |  |  | (39,802) |  |  | (1,780) |  |  | - |  |  | (50,415) |
Balance at 30 June 2024 | 3,601 |  |  | 202,305 |  |  | 3,714 |  |  | 97,269 |  |  | 31,536 |  |  | 102,946 |  |  | 441,371 |

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