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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues, net    
Bitcoin mining revenue, net $ 27,746 $ 36,975
Other services revenue 73 150
Total revenues, net 27,819 37,125
Costs and expenses    
Cost of revenues (exclusive of depreciation and amortization shown below) 20,416 5,636
Professional fees 2,831 3,102
Payroll expenses 9,802 7,328
General and administrative expenses 3,724 1,816
Gain on disposal of assets 0 278
Other impairment expense (related to bitcoin) 83 6,222
Realized loss (gain) on sale of bitcoin 517 (9,995)
Depreciation and amortization 19,329 7,427
Total costs and expenses 56,702 21,814
(Loss) Income from operations (28,883) 15,311
Other income (expense)    
Change in fair value of contingent consideration 485 55
Realized gain on sale of equity security 0 1
Unrealized loss on equity security 0 (2)
Unrealized (loss) gain on derivative security (1,271) 299
Interest income 70 33
Interest expense (889) (53)
Total other (expense) income (1,605) 333
(Loss) Income before income tax (expense) or benefit (30,488) 15,644
Income tax expense 0 0
(Loss) income from continuing operations (30,488) 15,644
Income (loss) from discontinued operations 1,457 (1,158)
Income tax (expense) or benefit 0 0
Income (loss) on discontinued operations 1,457 (1,158)
Net (loss) income (29,031) 14,486
Preferred stock dividends 0 315
Net (loss) income attributable to common shareholders (29,031) 14,171
Other comprehensive income 29 18
Total comprehensive (loss) income attributable to common shareholders $ (29,002) $ 14,189
(Loss) income from continuing operations per common share - basic $ (0.46) $ 0.38
Weighted average common shares outstanding- basic 66,395,174 40,279,938
(Loss) income from continuing operations per common share - diluted $ (0.46) $ 0.38
Weighted average common shares outstanding - diluted 66,395,174 40,485,761
Income (loss) on discontinued operations per common share - basic $ 0.02 $ (0.03)
Weighted average common shares outstanding - basic 66,395,174 40,279,938
Income (loss) on discontinued operations per common share - diluted $ 0.02 $ (0.03)
Weighted average common shares outstanding - diluted 67,400,334 40,279,938