v3.25.4
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2025
Sep. 30, 2025
Current assets    
Cash and cash equivalents $ 458,097 $ 42,966
Restricted cash 3,192 3,490
Prepaid expense and other current assets 35,121 11,875
Bitcoin - current 830,073 966,829
Receivable from bitcoin collateral 144,163 294,648
Derivative investments 0 233
Total current assets 1,470,646 1,320,041
Bitcoin - noncurrent 171,924 222,614
Property and equipment, net 1,358,477 1,363,681
Operating lease right of use assets 3,807 4,254
Intangible assets, net 4,907 5,849
Deposits on miners and mining equipment 130,159 112,037
Other long-term assets 54,601 23,497
Goodwill 131,658 131,658
Total assets 3,326,179 3,183,631
Current liabilities    
Accounts payable 22,116 15,159
Accrued liabilities 103,689 117,544
Other current liabilities 11,160 6,096
Current portion of debt 2,532 176,570
Dividends payable 0 396
Total current liabilities 139,497 315,765
Long-term liabilities    
Long-term debt, net of current portion, debt discount and debt issuance costs 1,786,759 644,586
Deferred income taxes 13,457 44,872
Other long-term liabilities 4,210 3,281
Total liabilities 1,943,923 1,008,504
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) 2 2
Common stock; $0.001 par value; 600,000,000 shares authorized; 298,114,889 and 296,087,533 shares issued; 255,749,498 and 284,327,598 shares outstanding, respectively 298 296
Additional paid-in capital 2,494,831 2,445,723
Accumulated deficit (504,605) (125,894)
Treasury stock at cost; 42,365,391 and 11,759,935 shares held, respectively (608,270) (145,000)
Total stockholders' equity 1,382,256 2,175,127
Total liabilities and stockholders' equity $ 3,326,179 $ 3,183,631