XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities    
Net income (loss) $ 14,485,755 $ (7,167,530)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Unrealized loss on equity security 1,847 73,500
Realized gain on sale of equity security (665) 0
Impairment of digital currency 6,222,346 0
Realized gain on sale of digital currency (9,994,791) (49,918)
Digital currency issued for services (181,658) 0
Unrealized (gain) loss on derivative asset (298,849) 1,020,494
Gain on fair valuation of contingent consideration (55,542) 0
Non-cash lease expenses 66,988 11,864
Stock Based Compensation 5,749,107 4,350,643
Depreciation and amortization 7,697,568 1,117,715
Loss on write-off and disposal of assets 278,170 0
Changes in operating assets and liabilities    
Production of digital currency (36,974,578) (733,410)
Decrease in operating lease right of use liabilities (62,640) (23,740)
Decrease (increase) in contract assets, net 0 3,197
Increase (decrease) in contract liabilities, net 89,776 (595)
Increase (decrease) in accounts payable and accrued liabilities (911,848) (2,366,531)
(Increase) in prepaid expenses and other current assets (6,682,127) (2,329,318)
Increase in accounts receivable (2,002,045) (463,199)
(Increase) decrease in Inventory 1,240,634 (276,750)
Net cash used in operating activities (20,969,236) (6,833,578)
Cash Flows from investing    
Payments on miner deposits (70,633,823) 0
Purchase of fixed assets (21,429,893) (19,082)
Investment in infrastructure development (1,948,709) (2,830,560)
Proceeds from sale of digital currencies 33,965,188 375,887
Proceeds from sale of equity securities 9,590 0
Cash acquired from ATL acquisition 0 45,783
Net cash used in investing activities (60,037,647) (2,427,972)
Cash Flows from Financing Activities    
Payments on promissory notes 0 (5,475,000)
Payments on finance leases (91,645) 0
Proceeds from exercise of options and warrants 281,616 192,656
Proceeds from offerings, net 67,988,999 37,049,605
Net cash provided by financing activities 68,178,970 31,767,261
Net increase (decrease) in cash and cash equivalents and restricted cash (12,827,913) 22,505,711
Cash and cash equivalents and restricted cash, beginning of period 18,040,327 3,126,202
Cash and cash equivalents and restricted cash, end of period 5,212,414 25,631,913
Supplemental disclosure of cash flow information    
Cash paid for interest 52,709 0
Cash paid for tax 0 0
Non-cash investing and financing transactions    
Shares and options issued for business acquisition 0 21,183,351
Cashless exercise of options and warrants 0 74
Shares issued for settlement of seller agreements related to acquisition 150,011 0
Preferred stock dividends accrued 314,611 0
Reclass from fixed assets to miner deposits 279,603 0
Reclass from miner deposits to fixed assets 43,429,467 0
Reclass from AP and accrued expenses to construction in progress 2,686,665 0
Gross-up of accounts payable related to bills received for goods and services outstanding 10,256,654  
Changes in other comprehensive income $ 18,113 $ 0