XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Revenues, net    
Bitcoin mining revenue, net $ 168,121 $ 131,000
Other services revenue 287 525
Total revenues, net 168,408 131,525
Costs and expenses    
Cost of revenues (exclusive of depreciation and amortization shown below) 93,580 41,234
Professional fees 10,869 6,469
Payroll expenses 45,714 40,920
General and administrative expenses 20,823 10,423
Loss (gain) on disposal of assets 1,931 (643)
Other impairment expense (related to bitcoin) 7,163 12,210
Impairment expense - other 0 250
Impairment expense - goodwill 0 12,048
Realized gain on sale of bitcoin (1,357) (2,567)
Depreciation and amortization 120,728 49,045
Total costs and expenses 299,451 169,389
Loss from operations (131,043) (37,864)
Other income (expense)    
Other Income 11 308
Change in fair value of contingent consideration 2,484 306
Realized gain on sale of equity security 0 1
Unrealized loss on equity security 0 (2)
Unrealized loss on derivative security (259) (1,950)
Interest income 481 190
Interest expense (2,977) (1,078)
Total other (expense) income (260) (2,225)
Loss before income tax expense (131,303) (40,089)
Income tax expense 857 0
Loss from continuing operations (132,160) (40,089)
Discontinued Operations    
Loss from discontinued operations (4,429) (17,237)
Income tax expense 0 0
Loss on discontinued operations (4,429) (17,237)
Net Loss (136,589) (57,326)
Preferred stock dividends 0 336
Net loss attributable to common shareholders (136,589) (57,662)
Other comprehensive income 116 115
Total comprehensive loss attributable to common shareholders $ (136,473) $ (57,547)
Loss from continuing operations per common share - basic $ (1.29) $ (0.95)
Weighted average common shares outstanding- basic 102,707,509 42,614,197
Loss from continuing operations per common share - diluted $ (1.29) $ (0.95)
Weighted average common shares outstanding - diluted 102,707,509 42,614,197
Loss on discontinued operations per common share - basic $ (0.04) $ (0.4)
Weighted average common shares outstanding - basic 102,707,509 42,614,197
Loss on discontinued operations per common share - diluted $ (0.04) $ (0.4)
Weighted average common shares outstanding - diluted 102,707,509 42,614,197