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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities      
Net loss $ (145,777) $ (138,148) $ (57,326)
Less: Loss from discontinued operations 0 4,429 17,237
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Unrealized loss on equity security 0 0 2
Realized gain on sale of equity security 0 0 (1)
Impairment of Bitcoin 0 7,163 12,210
Bitcoin mining revenue, net (378,968) (168,121) (131,000)
Gain on fair value of bitcoin, net (see Note 2 and Note 6) (113,423) 0 0
Proceeds from sale of bitcoin 0 116,271 133,201
Realized gain on sale of bitcoin 0 (1,357) (2,567)
Bitcoin issued for services 1,134 720 611
Impairment expense - fixed assets 197,041 0 0
Impairment expense - other 716 0 250
Impairment expense - goodwill 0 0 12,048
Unrealized loss on derivative asset 965 259 1,950
Gain on fair value of contingent consideration 0 (2,484) (346)
Non-cash lease expense 183 246 113
Recognized gain on bitcoin collateral returned (91) 0 0
Change in fair value of bitcoin collateral (1,384) 0 0
Stock based compensation 29,555 24,142 31,466
Depreciation and amortization 154,609 120,728 49,045
Provision for bad debts 162 347 810
Amortization of debt discount 129 69 46
Loss (gain) on disposal of assets 5,466 1,931 (643)
Changes in operating assets and liabilities      
Decrease in operating lease liabilities (287) (70) (104)
Increase in accounts payable and accrued liabilities 19,721 13,244 16,040
(Increase) decrease in prepaid expenses and other current assets (3,367) 2,555 (1,046)
Increase in deferred income taxes 3,344 2,416 0
Long -term deposits paid (2,882) (2,913) (2,176)
Net cash (used in) provided by operating activities of continuing operations (233,154) (18,573) 79,820
Net cash (used in) provided by operating activities of discontinued operations (508) 1,326 (6,362)
Net cash (used in) provided by operating activities (233,662) (17,247) 73,458
Cash flows from investing activities      
Payments on miners and miner deposits (740,296) (239,416) (171,181)
Purchase of fixed assets (66,100) (61,460) (19,286)
Proceeds from sale of bitcoin 43,126 0 0
Asset Acquisition - Tennessee Locations (18,376) 0 0
Asset Acquisition - Clinton, MS Locations (3,020) 0 0
Asset Acquisition - Wyoming Locations (25,940) 0 0
Asset acquisition - LN Energy (25,933) 0 0
Asset Acquisition - Mississippi Locations (19,771) 0 0
Asset Acquisition - Dalton 3 (3,569) 0 0
Asset Acquisition - Dalton 1 & 2 0 (9,389) 0
Asset Acquisition - land in Sandersville, GA (1,038) (1,430) 0
Acquisition of Mawson 0 (22,518) (3,400)
Acquisition of WAHA, net of cash received 0 0 (19,772)
Notes receivable from GRIID (60,919) 0 0
Settlement of holdbacks related to contingent consideration 0 0 (625)
Proceeds from sale of miners 1,438 34 3,498
Proceeds from the sale of equity securities 0 0 10
Purchase of software 0 0 (225)
Net cash used in investing activities of continuing operations (920,398) (334,179) (210,981)
Net cash provided by investing activities of discontinued operations 0 2,250 0
Net cash used in investing activities (920,398) (331,929) (210,981)
Cash flows from financing activities      
Proceeds from loans 50,000 0 0
Payments on loans (7,265) (14,466) (2,778)
Payments on preferred dividends (3,421) (21) (315)
Payments on finance leases (93) (301) (432)
Payments on equipment backed loan 0 0 19,620
Refund of loan commitment fee 0 150 0
Proceeds from loan payable 0 1,937 0
Payments of taxes on shares withheld for net settlement of restricted stock units (22,685) (5,571) 0
Proceeds from exercise of options and warrants 753 0 817
Proceeds from equity offerings, net 1,231,834 376,200 123,034
Net cash provided by financing activities of continuing operations 1,249,123 357,928 139,946
Net cash provided by financing activities of discontinued operations 0 0 0
Net cash provided by financing activities 1,249,123 357,928 139,946
Net increase in cash, cash equivalents, and restricted cash 95,063 8,752 2,423
Cash, cash equivalents, and restricted cash, beginning of period 29,215 20,463 18,040
Cash, cash equivalents, and restricted cash, end of period 124,278 29,215 20,463
Supplemental disclosure of cash flow information      
Cash paid for interest 2,126 2,907 1,026
Non-cash investing and financing transactions      
Shares issued for settlement of contingent consideration related to business acquisition 0 2,840 0
Receivable for equity proceeds 0 9,590 2,014
Fixed asset and miner purchases accrued not paid 67,572 27,369 0
Shares withheld for net settlement of restricted stock units related to tax withholdings 22,555 5,873 1,638
Fixed assets purchased through finance transactions 7,190 493 212
Software purchased with bitcoin 541 229 0
Shares returned as part of settlement of seller agreements related to acquisition 0 0 150
Preferred shares dividends accrued 0 0 21
Unrealized gain on investment in available-for-sale debt security 0 116 115
Bitcoin transferred to collateral account 87,895 0 0
Bitcoin transferred from collateral account $ 11,542 $ 0 $ 0