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DISCONTINUED OPERATIONS
9 Months Ended
Feb. 28, 2023
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 EndedNine Months Ended
in thousandsFebruary 28, 2023February 28, 2022February 28, 2023February 28, 2022
Cryptoasset mining revenue, net$— $907 $— $2,945 
Cost of sales— 628 — 1,589 
Gross profit— 279 — 1,356 
Impairment of cryptocurrency assets— (225)— (390)
Loss on the sale of fixed assets$— (578)$— (582)
Loss on the reclassification of fixed assets(3,524)(3,254)
Net loss from discontinued operations$— $(4,048)$— $(2,870)
As of February 28, 2023 and May 31, 2022, the Company did not hold any cryptoassets.