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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Current assets    
Cash and cash equivalents $ 34,553 $ 121,222
Restricted cash 3,462 3,056
Prepaid expense and other current assets 11,319 7,995
Bitcoin - current 877,067 431,661
Receivable from bitcoin collateral (See Note 9) 271,491 77,827
Note receivable from GRIID (see Note 5) 0 60,919
Derivative investments 7,843 1,832
Investment in debt security, AFS, at fair value 4,405 918
Total current assets 1,210,140 705,430
Bitcoin - noncurrent 202,687 0
Property and equipment, net 1,329,307 869,693
Operating lease right of use assets 4,702 3,263
Intangible assets, net 6,955 3,040
Deposits on miners and mining equipment 196,151 359,862
Other long-term assets 23,065 13,331
Goodwill 128,810 8,043
Total assets 3,101,817 1,962,662
Current liabilities    
Accounts payable 23,470 82,992
Accrued liabilities 64,492 43,874
Other current liabilities 6,830 2,240
Current portion of loans payable 176,424 58,781
Dividends payable 5,603 0
Total current liabilities 276,819 187,887
Long-term liabilities    
Loans payable, net of current portion, debt discount and debt issuance costs 643,913 7,176
Deferred income taxes 30,774 5,761
Other long-term liabilities 3,423 997
Total liabilities 954,929 201,821
Stockholders' equity    
Preferred stock; $0.001 par value; 10,000,000 shares authorized; Series A shares; 2,000,000 authorized; 1,750,000 issued and outstanding (liquidation preference $0.02 per share) Series X shares; 0 and 1,000,000 authorized, issued and outstanding, respectively 2 3
Common stock; $0.001 par value; 600,000,000 and 300,000,000 shares authorized; 292,660,113 and 270,897,784 shares issued; 280,900,178 and 270,897,784 shares outstanding, respectively 293 271
Additional paid-in capital 2,412,993 2,239,367
Accumulated other comprehensive income 3,173 418
Accumulated deficit (124,573) (479,218)
Treasury stock at cost; 11,759,935 and 0 shares held, respectively (145,000) 0
Total stockholders' equity 2,146,888 1,760,841
Total liabilities and stockholders' equity $ 3,101,817 $ 1,962,662