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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Revenues, net    
Bitcoin mining revenue, net $ 130,999,686 $ 38,846,633
Other services revenue 524,759 440,472
Total revenues, net 131,524,445 39,287,105
Costs and expenses    
Cost of revenues (exclusive of depreciation and amortization shown below) 41,233,650 5,263,029
Professional fees 6,469,064 6,538,062
Payroll expenses 40,920,163 21,181,905
General and administrative expenses 10,422,716 5,716,465
Gain on disposal of assets (642,691) 0
Other impairment expense (related to bitcoin) 12,210,269 6,608,076
Impairment expense - other 250,000 0
Impairment of goodwill 12,048,419 977,388
Realized gain on sale of bitcoin (2,567,101) (3,104,378)
Depreciation and amortization 49,044,877 8,982,123
Total costs and expenses 169,389,366 51,185,282
Loss from operations (37,864,921) (11,898,177)
Other income (expense)    
Other Income 308,036 544,777
Change in fair value of contingent consideration 305,731 84,198
Realized gain on sale of equity security 665 179,046
Unrealized loss on equity security (1,847) (5,153)
Unrealized (loss) gain on derivative security (1,949,770) 2,790,387
Interest income 190,540 221,488
Interest expense (1,077,827) (145,728)
Total other (expense) income (2,224,472) 3,669,015
Loss before income tax (expense) or benefit (40,089,393) (8,229,162)
Income tax expense (0) 0
Loss from continuing operations (40,089,393) (8,229,162)
Loss from discontinued operations (17,236,961) (13,582,848)
Income tax (expense) or benefit 0 0
Loss on discontinued operations (17,236,961) (13,582,848)
Net Loss (57,326,354) (21,812,010)
Preferred stock dividends 335,439 177,502
Net loss attributable to common shareholders (57,661,793) (21,989,512)
Other comprehensive income (loss) 115,500 (5,392)
Total comprehensive loss attributable to common shareholders $ (57,546,293) $ (21,994,904)
Income (loss) from continuing operations per common share - basic $ (0.95) $ (0.29)
Weighted average common shares outstanding- basic 42,614,197 29,441,364
Income (loss) from continuing operations per common share - diluted $ (0.95) $ (0.29)
Weighted average common shares outstanding - diluted 42,614,197 29,441,364
Loss on discontinued operations per common share - basic $ (0.40) $ (0.46)
Weighted average common shares outstanding - basic 42,614,197 29,441,364
Loss on discontinued operations per common share - diluted $ (0.40) $ (0.46)
Weighted average common shares outstanding - diluted 42,614,197 29,441,364