Intangible assets consist of the following as of December 31, 2025 and September 30, 2025:


	December 31, 2025							September 30, 2025
($ in thousands)	Intangible assets		Accumulated amortization			Net intangible assets		Intangible assets		Accumulated amortization			Net intangible assets
Software	$	7,981	$	(3,074	)	$	4,907	$	7,981	$	(2,458	)	$	5,523
Websites		—		—			—		15		(15	)		—
Strategic contract		9,800		(9,800	)		—		9,800		(9,474	)		326
Total	$	17,781	$	(12,874	)	$	4,907	$	17,796	$	(11,947	)	$	5,849

The strategic contract relates to the supply of a critical input to the Company’s bitcoin mining business at significantly lower prices compared to market.

Amortization expense for the three months ended December 31, 2025 and 2024 was $942 and $1,104, respectively.

The Company expects to record amortization expense of intangible assets over the future periods as follows:


Fiscal Year
($ in thousands)	Intangible Assets
2026	$	1,848
2027		2,420
2028		639
Total	$	4,907