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7. PROPERTY AND EQUIPMENT | 3 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | 7. PROPERTY AND EQUIPMENT Property and equipment consist of the following:
($ in thousands) |  | December 31, 2022 |  |  | September 30, 2022 |
Land |  | $ | 2,978 |  |  | $ | 2,978 |
Land improvements |  |  | 1,530 |  |  |  | 1,530 |
Building and improvements |  |  | 50,973 |  |  |  | 32,332 |
Leasehold improvements |  |  | 672 |  |  |  | 114 |
Miners |  |  | 409,160 |  |  |  | 356,501 |
Mining equipment |  |  | 18,437 |  |  |  | 17,587 |
Infrastructure |  |  | 18,695 |  |  |  | 12,422 |
Machinery and equipment |  |  | 1,525 |  |  |  | 1,269 |
Furniture and fixtures |  |  | 337 |  |  |  | 331 |
Construction in progress |  |  | 2,395 |  |  |  | 4,816 |
Total |  | $ | 506,702 |  |  | $ | 429,880 |
Less: accumulated depreciation |  |  | (71,925 | ) |  |  | (53,099 | )
Property and equipment, net |  | $ | 434,777 |  |  | $ | 376,781 |
Depreciation expense for the three months ended December 31, 2022 and 2021 was $18,827 and $6,468, respectively. There were no disposals during the three months ended December 31, 2022. For the three months ended December 31, 2021, $411 of property and equipment was written-off resulting in a loss of $278. The Company placed-in service property and equipment of $79,243 during the three months ended December 31, 2022, which includes $31,192 in property and equipment acquired in the Mawson acquisition. This increase in fixed assets primarily consisted of miners and mining equipment of $53,510, which includes $12,914 acquired in the Mawson acquisition. Construction in progress: The Company is expanding its facilities in the State of Georgia, including infrastructure, building, and land improvements to expand its mining operations. As of December 31, 2022 , the Company has outstanding deposits totaling $5,814 for mining equipment included in long-term assets on the consolidated balance sheets. The Company also has $3,500 in prepaid expense relating to payments made on the purchase of infrastructure assets. These prepayments will be applied to the purchase price when the vendor ships the miners and the infrastructure assets.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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