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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues [Abstract]        
Digital currency mining revenue, net $ 30,941,726 $ 8,649,440 $ 104,882,043 $ 16,098,643
Other services revenue 86,055 402,628 469,518 1,209,616
Total revenues, net 31,027,781 9,052,068 105,351,561 17,308,259
Costs and Expenses [Abstract]        
Cost of Revenue 10,341,026 1,147,281 24,607,950 2,161,937
Professional Fees 1,432,747 1,939,907 5,588,980 5,835,434
Payroll expenses 7,617,576 10,959,362 24,209,787 15,418,166
General and Administrative Expense 2,113,414 1,194,340 6,708,440 2,938,543
(Gain) on disposal of assets (642,691)
Other impairment expense (related to Digital Currency) 4,418,714 3,720,481 11,452,405 3,720,481
Realized (gain) loss on sale of digital currency 5,234,482 (36,438) (2,026,427) (672,065)
Depreciation and amortization 14,811,291 2,107,449 32,659,747 3,553,945
Total costs and expenses 45,969,250 21,032,382 102,558,191 32,956,441
Income (loss) from operations (14,941,469) (11,980,314) 2,793,370 (15,648,182)
Other Income and Expenses [Abstract]        
Other Income 0 1,414 308,038 542,235
Change in fair value of contingent consideration 0 0 345,791 0
Realized gain on sale of equity security 0 105,908 665 105,908
Unrealized gain (loss) on equity security (170,586) (1,847) 98,914
Unrealized gain (loss) on derivative security (1,032,579) (2,060,774) (2,143,876) 5,319,361
Interest income 52,355 48,242 137,608 150,705
Interest expense (314,383) (18,885) (374,959) (46,299)
Total other income (expense) (1,294,607) (2,094,681) (1,728,580) 6,170,824
Income (loss) before income tax (expense) or benefit (16,236,076) (14,074,995) 1,064,790 (9,477,358)
Income tax expense 0 0 0 0
Income (loss) from continuing operations (16,236,076) (14,074,995) 1,064,790 (9,477,358)
Loss from discontinued operations (13,104,147) (2,602,132) (16,089,993) (6,967,261)
Income tax (expense) or benefit 0 0 0 0
Loss on discontinued operations (13,104,147) (2,602,132) (16,089,993) (6,967,261)
Net income (loss) (29,340,223) (16,677,127) (15,025,203) (16,444,619)
Preferred stock dividends 0 0 335,439 177,505
Net income (loss) attributable to common shareholders (29,340,223) (16,677,127) (15,360,642) (16,622,124)
Other comprehensive income 28,796 0 75,388 0
Total comprehensive income (loss) attributable to common shareholders $ (29,311,427) $ (16,677,127) $ (15,285,254) $ (16,622,124)
Income (loss) from continuing operations per common share - basic $ (0.39) $ (0.41) $ 0.02 $ (0.35)
Weighted average common shares outstanding- basic 41,277,090 34,014,221 41,010,826 27,355,111
Income (loss) from continuing operations per common share - diluted $ (0.39) $ (0.41) $ 0.02 $ (0.35)
Weighted- average common shares outstanding - diluted 41,277,090 34,014,221 41,092,028 27,355,111
Income (loss) on discontinued operations per common share - basic $ (0.32) $ (0.08) $ (0.39) $ (0.25)
Weighted average common shares outstanding - basic 41,277,090 34,014,221 41,010,826 27,355,111
Income (loss) on discontinued operations per common share - diluted $ (0.32) $ (0.08) $ (0.39) $ (0.25)
Weighted average common shares outstanding - diluted 41,277,090 34,014,221 41,092,028 27,355,111