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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income (loss) $ 14,315,020 $ 232,510
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Unrealized (gain) loss on equity security 1,847 (269,500)
Realized gain on sale of equity security (665) 0
Impairment of digital currency 7,033,691 0
Realized gain on sale of digital currency (7,260,909) (635,627)
Digital currency issued for services 294,992 0
Unrealized (gain) loss on derivative asset 1,111,297 (7,380,135)
Change in fair value of contingent consideration (345,791) 0
Non-cash lease expenses 134,683 166,460
Stock Based Compensation 12,303,091 5,199,658
Depreciation and amortization 19,359,201 3,226,263
Provision for bad debts   231,932
PPP loan forgiveness   (531,169)
Gain on write-off and disposal of assets (642,691) 0
Income from in-kind receipts of miners (308,038)  
Changes in operating assets and liabilities    
Mining of digital currency (73,940,317) (7,449,202)
Decrease in operating lease right of use liabilities (125,989) (268,861)
Decrease (increase) in contract assets, net   4,103
Increase (decrease) in contract liabilities, net (108,035) 487,779
Increase (decrease) in accounts payable and accrued liabilities 10,083,770 (2,890,270)
(Increase) in prepaid expenses and other current assets (12,985,662) (1,130,741)
(Increase) decrease in accounts receivable (3,963,323) 114,285
(Increase) decrease in Inventory 1,495,321 (793,945)
Net cash used in operating activities (33,548,507) (11,686,460)
Cash Flows from investing    
Payments on miner deposits (105,077,053) (45,488,258)
Purchase of fixed assets (28,914,917) (9,058,011)
Settlement of holdbacks related to contingent consideration (625,000)  
Investment in infrastructure development   (2,830,560)
Proceeds from sale of digital currencies 80,430,113 2,422,282
Proceeds from sale of miners 3,497,654 0
Proceeds from sale of equity securities 9,590 0
Acquisition of Solar Watt Solutions, net of cash received (1,000,337)
Acquisition of ATL Data Center, net of cash received 45,783
Net cash used in investing activities (50,679,613) (55,909,101)
Cash Flows from Financing Activities    
Payments on promissory notes (5,865,476)
Payments on finance leases (368,450)
Proceeds from exercise of options and warrants 480,197 3,346,559
Proceeds from equity offerings, net 67,988,993 224,262,818
Net cash provided by financing activities 68,100,740 221,743,901
Net increase (decrease) in cash and cash equivalents and restricted cash (16,127,380) 154,148,340
Cash and cash equivalents and restricted cash, beginning of period 18,040,327 3,126,202
Cash and cash equivalents and restricted cash, end of period 1,912,947 157,274,542
Supplemental disclosure of cash flow information    
Cash paid for interest 62,293 31,846
Non-cash investing and financing transactions    
Shares and options issued for business acquisition 34,430,055
Cashless exercise of options and warrants 74
Receivables from exercise of options 252,973
Shares issued for settlement of seller agreements related to acquisition 150,011
Shares returned as part of settlement of seller agreements related to acquisition 233
Preferred share dividends accrued 335,439 177,505
Unrealized gain on investment in available-for-sale debt security $ 46,592