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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenues, net        
Bitcoin mining revenue, net $ 42,488 $ 36,965 $ 70,234 $ 73,940
Other services revenue 58 233 131 383
Total revenues, net 42,546 37,198 70,365 74,323
Costs and expenses        
Cost of revenues (exclusive of depreciation and amortization shown below) 22,082 8,684 42,498 14,320
Professional fees 3,750 1,059 6,581 4,161
Payroll expenses 9,750 8,806 19,552 16,134
General and administrative expenses 4,329 2,773 8,053 4,589
Loss (gain) on disposal of assets 3 (921) 3 (643)
Other impairment expense (related to bitcoin) 194 812 277 7,034
Realized (gain) loss on sale of bitcoin (1,422) 2,734 (905) (7,261)
Depreciation and amortization 21,346 10,452 40,675 17,879
Total costs and expenses 60,032 34,399 116,734 56,213
(Loss) Income from operations (17,486) 2,799 (46,369) 18,110
Other income (expense)        
Other Income 11 308 11 308
Change in fair value of contingent consideration 0 291 485 346
Realized gain on sale of equity security 0 0 0 1
Unrealized loss on equity security 0 0 0 (2)
Unrealized (loss) gain on derivative security 56 (1,410) (1,215) (1,111)
Interest income 52 52 122 85
Interest expense (799) (8) (1,688) (61)
Total other (expense) income (680) (767) (2,285) (434)
(Loss) Income before income tax (expense) or benefit (18,166) 2,032 (48,654) 17,676
Income tax expense 0 0 0 0
(Loss) income from continuing operations (18,166) 2,032 (48,654) 17,676
Income (loss) from discontinued operations (294) (2,203) 1,163 (3,361)
Income tax (expense) or benefit 0 0 0 0
Income (loss) on discontinued operations (294) (2,203) 1,163 (3,361)
Net (loss) income (18,460) (171) (47,491) 14,315
Preferred stock dividends 0 20 0 335
Net (loss) income attributable to common shareholders (18,460) (191) (47,491) 13,980
Other Comprehensive Income 29 28 58 46
Total comprehensive (loss) income attributable to common shareholders $ (18,431) $ (163) $ (47,433) $ 14,026
(Loss) income from continuing operations per common share - basic $ (0.23) $ 0.05 $ (0.66) $ 0.42
Weighted average common shares outstanding- basic 80,469,471 41,336,342 73,450,877 40,802,319
(Loss) income from continuing operations per common share - diluted $ (0.23) $ 0.05 $ (0.66) $ 0.42
Weighted average common shares outstanding - diluted 80,469,471 41,395,075 74,032,082 40,861,052
(Loss) income on discontinued operations per common share - basic $ (0.00) $ (0.05) $ 0.02 $ (0.08)
Weighted average common shares outstanding - basic 80,469,471 41,336,342 73,450,877 40,802,319
(Loss) income on discontinued operations per common share - diluted $ (0.00) $ (0.05) $ 0.02 $ (0.08)
Weighted average common shares outstanding - diluted 80,469,471 41,395,075 74,032,082 40,861,052