v3.25.4
7. PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consist of the following:

 

 

As of

 

 ($ in thousands)

 

December 31, 2025

 

 

September 30, 2025

 

Land

 

$

98,764

 

 

$

39,299

 

Land improvements

 

 

10,317

 

 

 

9,937

 

Building and improvements

 

 

96,872

 

 

 

96,400

 

Leasehold improvements

 

 

2,941

 

 

 

2,941

 

Miners

 

 

1,390,534

 

 

 

1,422,011

 

Mining equipment

 

 

24,843

 

 

 

24,807

 

Infrastructure

 

 

318,910

 

 

 

295,837

 

Machinery and equipment

 

 

19,707

 

 

 

16,978

 

Furniture and fixtures

 

 

3,021

 

 

 

2,626

 

Construction in progress

 

 

32,008

 

 

 

12,788

 

Property and equipment, gross

 

$

1,997,917

 

 

$

1,923,624

 

Less: Accumulated depreciation

 

 

(639,440

)

 

 

(559,943

)

Property and equipment, net

 

$

1,358,477

 

 

$

1,363,681

 

D