XML 34 R22.htm IDEA: XBRL DOCUMENT v3.22.2
16. SUBSEQUENT EVENTS
9 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
16.
SUBSEQUENT EVENTS

 

On July 12, 2022, the Company purchased 1,061 Whatsminer M30S machines that are already mining bitcoin at Coinmint's renewable-powered co-location facility.

 

On August 5, 2022, the Company entered into a definitive agreement (the "Transaction") to purchase certain assets for total consideration of $25,091,610, including cash, assumption of a real estate mortgage and a seller issued note payable. The assets acquired include 27 acres of real property and related electrical infrastructure currently providing 36 megawatts of power, with an additional 50 megawatts of capacity expected to be available in mid-2023, located in Washington, GA. The Transaction also included mining machines with computing power of approximately 342 petahash. The Transaction is currently expected to close on or before September 5, 2022.

 

From July 1, 2022, through the date of filing, the Company issued 5,809,774 shares under its At-the-Market Offering Agreement resulting in net proceeds of $24,780,718.