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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net loss $ (61,710) $ (15,025)
Less: (Income) loss from discontinued operations (1,061) 16,090
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Unrealized loss on equity security 0 2
Realized gain on sale of equity security 0 (1)
Impairment of bitcoin 1,017 11,452
Realized gain on sale of bitcoin (762) (2,026)
Bitcoin issued for services 510 451
Unrealized loss on derivative asset 1,110 2,144
Gain on fair value of contingent consideration (2,485) (346)
Non-cash lease expenses 204 203
Stock based compensation 17,568 17,516
Depreciation and amortization 62,525 32,660
Provision for bad debts 165 219
Amortization of debt discount 42 15
Loss (gain) on write-off and disposal of assets 3 (643)
Income from in-kind receipts of miners 0 (308)
Changes in operating assets and liabilities    
Mining of bitcoin (115,661) (104,882)
Proceeds from sale of bitcoin 111,889 108,070
(Decrease) in operating lease liabilities (19) (190)
Increase in accounts payable and accrued liabilities 3,504 3,112
(Increase) in prepaid expenses and other current assets (412) (9,697)
(Increase) in accounts receivable (238) 85
(Increase) decrease in Inventory (821) 162
Long -term deposits paid (2,940) 0
Net cash provided by operating activities from Continuing Operations 12,428 59,063
Net cash provided by (used in) operating activities of Discontinued Operations 1,118 (6,583)
Net cash provided by operating activities 13,546 52,480
Cash Flows from Investing Activities    
Payments on miners (including deposits) (165,508) (124,273)
Purchase of fixed assets (42,634) (32,105)
Settlement of holdbacks related to contingent consideration 0 (625)
Land acquisition in Sandersville, GA (1,430) 0
Proceeds from sale of miners 0 3,498
Proceeds from sale of equity securities 0 10
Net Cash used in Investing Activities - Continuing Operations (241,479) (153,495)
Net cash provided by investing activities - Discontinued Operations 2,462 0
Net cash used in investing activities (239,017) (153,495)
Cash Flows from Financing Activities    
Payments on loans (12,493) (975)
Payments on preferred dividends (21) (314)
Payments on finance leases (249) (448)
Refund of loan commitment fee 150 0
Proceeds from loan payable 1,937 0
Proceeds from equipment backed loan 0 18,704
Proceeds from exercise of options and warrants 0 681
Proceeds from equity offerings, net 237,517 67,989
Net cash provided by financing activities - Continued Operations 226,841 85,637
Net cash provided by financing activities - Discontinued Operations 0 0
Net cash provided by financing activities 226,841 85,637
Net increase (decrease) in cash and cash equivalents 1,370 (15,378)
Cash and cash equivalents, beginning of period 20,463 18,040
Cash and cash equivalents, end of period 21,833 2,662
Supplemental disclosure of cash flow information    
Cash paid for interest 2,279 353
Cash paid for tax 0 0
Non-cash investing and financing transactions    
Shares issued for settlement of contingent consideration related to business acquisition, value 2,840 0
Receivables from exercise of options 0 100
Shares withheld for net settlement of restricted stock units related to tax withholdings 1,468 0
Fixed assets purchased through finance transactions 493 0
Software purchased with bitcoin 229 0
Shares issued for settlement of seller agreements related to acquisition 0 150
Preferred share dividends accrued 0 335
Final payment withheld from equipment backed loan 0 644
Unrealized gain on investment in available-for-sale debt security 86 75
Coinmaker LLC [Member]    
Cash Flows from Investing Activities    
Acquisition (9,389) 0
Mawson [Member]    
Cash Flows from Investing Activities    
Acquisition $ (22,518) $ 0