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17. SUBSEQUENT EVENTS | 3 Months Ended
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Dec. 31, 2023
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | 17. SUBSEQUENT EVENTS We have evaluated events occurring between January 1, 2024 through February 8, 2024. There were no material subsequent events except as disclosed below: At-the-Market Equity Issuances From January 1, 2024 through February 8,2024, the Company issued 12,457,651 shares under its 2024 ATM offering facility resulting in net proceeds of approximately $122,000. Miner Purchase Agreement On January 6, 2024, the Company, entered into an agreement with Bitmain Technologies Delaware Limited to purchase up to 160,000 Bitmain S21 miners, which is equal to 32 exahashes per second. The delivery of the mining machines is expected to begin in April 2024. The agreement allows for the purchase of 60,000 miners for a net purchase price of $193,200 (after application of coupons) for a net cost of $16.10 per terahash. The agreement also includes an option for the Company to purchase up to an additional 100,000 S21 miners for $320,000, or $16.00 per terahash. The agreement requires the Company to pay $32,000 for the option, which expires on December 31, 2024, and is exercisable at the Company's discretion. The Company plans to use the mining machines to expa nd its digital currency mining activities through its wholly-owned subsidiaries. Asset Acquisitions Dalton, GA On February 2, 2024, the Company entered into agreements to acquire land and assets ("Dalton Acquisition") in Dalton, GA for a combined purchase price of approximately $3,500 with an additional $3,400 of expected build-out costs. Mississippi Locations On February 5, 2024, the Company entered into an agreement to acquire assets in three separate locations within Mississippi, each of which include land, building and infrastructure for a combined purchase price of $19,800.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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