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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Revenues, net      
Bitcoin mining revenue, net $ 378,968 $ 168,121 $ 131,000
Other services revenue 0 287 525
Total revenues, net 378,968 168,408 131,525
Costs and expenses      
Cost of revenues (exclusive of depreciation and amortization shown below) 165,516 93,580 41,234
Professional fees 13,806 10,869 6,469
Payroll expenses 74,095 45,714 40,920
General and administrative expenses 30,185 20,823 10,423
Loss on disposal of assets 5,466 1,931 (643)
Gain on fair value of bitcoin, net (see Note 2 and Note 6) (113,423) 0 0
Other impairment expense (related to bitcoin) 0 7,163 12,210
Impairment expense - fixed assets 197,041 0 0
Impairment expense - other 716 0 250
Impairment expense - goodwill 0 0 12,048
Realized gain on sale of bitcoin 0 (1,357) (2,567)
Depreciation and amortization 154,609 120,728 49,045
Total costs and expenses 528,011 299,451 169,389
Loss from operations (149,043) (131,043) (37,864)
Other income (expense)      
Other Income 0 11 308
Change in fair value of contingent consideration 0 2,484 306
Recognized gain on bitcoin collateral returned 91 0 0
Change in fair value of bitcoin collateral pledged 1,384 0 0
Realized gain on sale of equity security 0 0 1
Unrealized loss on equity security 0 0 (2)
Unrealized loss on derivative security (965) (259) (1,950)
Interest income 8,555 481 190
Interest expense (2,455) (2,977) (1,078)
Total other income (expense) 6,610 (260) (2,225)
Loss before income tax expense (142,433) (131,303) (40,089)
Income tax expense 3,344 2,416 0
Loss from continuing operations (145,777) (133,719) (40,089)
Discontinued Operations      
Loss from discontinued operations 0 (4,429) (17,237)
Income tax expense 0 0 0
Loss on discontinued operations 0 (4,429) (17,237)
Net loss (145,777) (138,148) (57,326)
Preferred stock dividends 3,422 0 336
Net loss attributable to common shareholders (149,199) (138,148) (57,662)
Other comprehensive income, net of tax 192 116 115
Total comprehensive loss attributable to common shareholders $ (149,007) $ (138,032) $ (57,547)
Loss from continuing operations per common share - basic $ (0.69) $ (1.3) $ (0.95)
Weighted average common shares outstanding- basic 216,860,819 102,707,509 42,614,197
Loss from continuing operations per common share - diluted $ (0.69) $ (1.3) $ (0.95)
Weighted average common shares outstanding - diluted 216,860,819 102,707,509 42,614,197
Loss on discontinued operations per common share - basic $ 0 $ (0.04) $ (0.4)
Weighted average common shares outstanding - basic 216,860,819 102,707,509 42,614,197
Loss on discontinued operations per common share - diluted $ 0 $ (0.04) $ (0.4)
Weighted average common shares outstanding - diluted 216,860,819 102,707,509 42,614,197