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16. SEGMENT REPORTING
 9 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
16. SEGMENT REPORTING

16. SEGMENT REPORTING

 

We disclose segment information that is consistent with the way in which management operates and views the business. To better align with the Company’s core focus, the Company reduced its reportable segments down to two by eliminating the digital agency segment. Results associated with that component are now being reported under other revenue and eliminations. Our operating structure now contains the following reportable segments: 

 

Energy Segment – Consisting of our CleanSpark, LLC, CleanSpark Critical Power Systems, Inc., GridFabric, and Solar Watt Solutions lines of business, this segment provides services, equipment, and software to the energy industry.

 

Digital Currency Mining Segment – Consisting of ATL and CleanBlok, Inc., this segment mines digital currency assets, namely Bitcoin.

16. SEGMENT REPORTING - Segment Reporting Assets

   For the Three Months Ended  For the Nine Months Ended
   June 30, 2021  June 30, 2020  June 30, 2021  June 30, 2020
Revenue            
Energy  $2,863,997   $3,080,833   $4,985,062   $7,484,079
Digital Currency Mining   8,649,440    —      16,098,643    —  
Total Segment Revenues  $11,513,437   $3,080,833   $21,083,705   $7,484,079
Other revenue and eliminations   402,628    357,841    1,209,616    589,702
Consolidated Revenues  $11,916,065   $3,438,674   $22,293,321   $8,073,781
                    
Profit (excluding depreciation and amortization)                   
Energy  $(1,635,401)  $(530,074)  $(4,711,928)  $(2,294,571)
Digital Currency Mining   3,985,963    —      11,052,565    —  
Total segment profit/(loss)  $2,350,562   $(530,074)  $6,340,637   $(2,294,571)
Corporate items and eliminations (including depreciation and amortization)   19,027,689    8,021,227    22,785,256    13,988,082
Net Loss  $(16,677,127)  $(8,551,301)  $(16,444,619)  $(16,282,653)

 

Total Assets  June 30, 2021  September 30, 2020
Energy  $34,277,907   $13,621,190
Digital Currency Mining   228,128,995    —  
Other and Corporate assets   35,081,919    8,718,873
Total  $297,488,821   $22,340,063