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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of Accounts Receivable | Accounts receivable, net consists of the following:
($ in thousands) |  | December 31, 2023 |  |  | September 30, 2023 |
Accounts Receivable, gross |  | $ | 348 |  |  | $ | 353 |
Provision for doubtful allowances |  |  | (348 | ) |  |  | (348 | )
Total Accounts Receivable, net |  | $ | — |  |  | $ | 5 |
Schedule of Earnings Per Share Basic and Diluted | Provided below is the income (loss) per share calculation for the three months ended December 31, 2023 and 2022:
|  | For the Three Months Ended December 31, |
($ in thousands, except share and per share) |  | 2023 |  |  | 2022 |
Continuing Operations |  |  |  |  |  |
Numerator |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 25,909 |  |  | $ | (30,488 | )
Preferred stock dividends |  |  | 579 |  |  |  | — |
Income (loss) from continuing operations attributable to common shareholders |  | $ | 25,330 |  |  | $ | (30,488 | )
Denominator |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 178,809,264 |  |  |  | 66,395,174 |
Dilutive impact of stock options and other share-based awards |  |  | 1,974,271 |  |  |  | — |
Dilutive impact of contingent shares issued for business acquisition |  |  | — |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 180,783,535 |  |  |  | 66,395,174 |
Income (loss) from continuing operations per common share attributable to common shareholders |  |  |  |  |  |
Basic |  | $ | 0.14 |  |  | $ | (0.46 | )
Diluted |  | $ | 0.14 |  |  | $ | (0.46 | )
Discontinued Operations |  |  |  |  |  |
Numerator |  |  |  |  |  |
Income from discontinued operations |  | $ | — |  |  | $ | 1,457 |
Denominator |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 178,809,264 |  |  |  | 66,395,174 |
Dilutive impact of stock options and other share-based awards |  |  | 1,974,271 |  |  |  | 1,005,160 |
Dilutive impact of contingent shares issued for business acquisition |  |  | — |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 180,783,535 |  |  |  | 67,400,334 |
Income on discontinued operations per common share attributable to common shareholders |  |  |  |  |  |
Basic |  | $ | - |  |  | $ | 0.02 |
Diluted |  | $ | - |  |  | $ | 0.02 |
Schedule of Estimated Useful Life of Asset | Depreciation is calculated on a straight-line basis over the estimated useful life of the asset as follows:
|  | Useful life (years)
Land improvements |  | 5 - 15
Building and building improvements |  | Shorter of lease term or 30 years
Leasehold improvements | ﻿ | Shorter of lease term or 15 years
Miners |  | 3 - 5
Mining equipment |  | 3 - 15
Infrastructure asset |  | Shorter of lease term or 15 years
Machinery and equipment |  | 3 - 10
Furniture and fixtures |  | 1 - 5
Schedule of Financial Instruments | The following table presents the Company’s financial instruments that are measured and recorded at fair value on the Company’s balance sheets on a recurring basis, and their level within the fair value hierarchy as of December 31, 2023 and September 30, 2023:
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
($ in thousands) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Bitcoin |  | $ | 126,951 |  |  | $ | 126,951 |  |  | $ | — |  |  | $ | — |
Derivative investment asset |  |  | 1,454 |  |  |  | — |  |  |  | — |  |  |  | 1,454 |
Investment in debt security |  |  | 755 |  |  |  | — |  |  |  | — |  |  |  | 755 |
Total |  | $ | 129,160 |  |  | $ | 126,951 |  |  | $ | — |  |  | $ | 2,209 |
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
($ in thousands) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative investment asset |  | $ | 2,697 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,697 |
Investment in debt security |  |  | 726 |  |  |  | — |  |  |  | — |  |  |  | 726 |
Total |  | $ | 3,423 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,423 |

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