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DISCONTINUED OPERATIONS
6 Months Ended
Nov. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
During February 2022, the Company implemented plans to cease all cryptomining operations and start the sale process of all cryptomining equipment. The Company ceased all crypto mining operations and completed the sale of the assets during the year ended May 31, 2022. The Company has no plans to return to crypto mining operations in the future as the Company grows. The results of these operations have been displayed as discontinued operations.Operating results of discontinued operations are summarized below:
Three Months EndedSix Months Ended
in thousandsNovember 30, 2022November 30, 2021November 30, 2022November 30, 2021
Cryptoasset mining revenue, net$— $1,426 $— $2,038 
Cost of sales— 433 — 782 
Gross profit— 993 — 1,256 
Impairment of cryptocurrency assets— (145)— (165)
Gain on Extinguishment of Accounts Payable— 285 — 325 
Gain on Sale of Fixed Assets265 265 
Net gain from discontinued operations$— $1,398 $— $1,681 
As of November 30, 2022 and May 31, 2022, the Company did not hold any cryptoassets.