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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Jun. 30, 2025

Accounting Policies [Abstract]

Schedule of Earnings Per Share Basic and Diluted

Provided below is the income per share calculation for the three and nine months ended June 30, 2025 and 2024:

		For the Three Months Ended June 30,								For the Nine Months Ended June 30,
($ in thousands, except share and per share amounts)		2025				2024				2025				2024
Continuing Operations
Numerator
Net income (loss) attributable to common shareholders - Basic		$	251,787			$	(236,242	)		$	354,645			$	(87,019	)
Non-cash interest expense on convertible notes			693				—				1,506				—
Net income (loss) attributable to common shareholders - Dilutive			252,480				(236,242	)			356,151				(87,019	)
Denominator
Weighted-average common shares outstanding - Basic			280,997,649				228,642,939				282,147,349				205,482,062
Dilutive impact of stock options and other share-based awards			666,010				—				625,839				—
Dilutive impact of convertible notes			43,930,792				—				31,379,137				—
Weighted-average common shares outstanding - Dilutive			325,594,451				228,642,939				314,152,325				205,482,062
Income (loss) per common share attributable to common shareholders
Basic		$	0.90			$	(1.03	)		$	1.26			$	(0.42	)
Diluted		$	0.78			$	(1.03	)		$	1.13			$	(0.42	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The securities excluded from the computation of diluted earnings per share because to do so would have been anti-dilutive are as follows:

		For the Three Months Ended June 30,								For the Nine Months Ended June 30,
		2025				2024				2025				2024
Series A preferred stock conversion			5,250,000				5,250,000				5,250,000				5,250,000
Anti-dilutive stock options			1,806,985				2,280,893				1,586,999				2,280,893
Anti-dilutive restricted stock awards			142,694				1,862,496				142,694				1,862,496
Anti-dilutive warrants			1,586,999				17,560				1,586,999				17,560
Total anti-dilutive securities			8,786,678				9,410,949				8,566,692				9,410,949

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 June 30, 2025 and September 30, 2024:

June 30, 2025
($ in thousands)		Amount				Level 1				Level 2				Level 3
Assets:
Cash equivalents(1)		$	27,375			$	27,375			$	—			$	—
Receivable from bitcoin collateral(2)			271,491				—				271,491				—
Bitcoin			1,079,754				1,079,754				—				—
Bitcoin derivative - Bitmain contracts			7,717				—				—				7,717
ILAL derivative asset			126				—				—				126
Investment in debt security			4,405				—				—				4,405
Liabilities:
Interest rate swap derivative			86				—				86				—
Warrant liabilities			150				—				150				—

September 30, 2024
($ in thousands)		Amount				Level 1				Level 2				Level 3
Assets:
Cash equivalents(1)		$	120,639			$	120,639			$	—			$	—
Receivable from bitcoin collateral(2)			77,827				—				77,827				—
Bitcoin			431,661				431,661				—				—
ILAL derivative asset			1,832				—				—				1,832
Investment in debt security			918				—				—				918
Liabilities:
Interest rate swap derivative			100				—				100				—

(1) Represents money market funds.

(2) See Note 4 - Bitcoin for more information.

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Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
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Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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