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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues, net    
Bitcoin mining revenue, net $ 73,786 $ 27,746
Other services revenue 0 73
Total revenues, net 73,786 27,819
Costs and expenses    
Cost of revenues (exclusive of depreciation and amortization shown below) 28,896 20,416
Professional fees 1,572 2,831
Payroll expenses 15,321 9,802
General and administrative expenses 5,003 3,724
Loss on disposal of assets 677  
Gain on fair value of bitcoin, net (see Note 2 and Note 5) (36,041) 0
Other impairment expense (related to bitcoin) 0 83
Realized loss on sale of bitcoin 0 517
Depreciation and amortization 29,847 19,329
Total costs and expenses 45,275 56,702
Income (loss) from operations 28,511 (28,883)
Other income (expense)    
Change in fair value of contingent consideration 0 485
Unrealized loss on derivative security (1,243) (1,271)
Interest income 586 70
Interest expense (546) (889)
Total other (expense) income (1,203) (1,605)
Income (loss) before income tax expense 27,308 (30,488)
Income tax expense 1,399 0
Income (loss) from continuing operations 25,909 (30,488)
Discontinued Operations    
Income from discontinued operations 0 1,457
Income tax expense 0 0
Income on discontinued operations 0 1,457
Net income (loss) 25,909 (29,031)
Preferred stock dividends 579 0
Net income (loss) attributable to common shareholders 25,330 (29,031)
Other Comprehensive Income 29 29
Total comprehensive income (loss) attributable to common shareholders $ 25,359 $ (29,002)
Income (loss) from continuing operations per common share - basic $ 0.14 $ (0.46)
Weighted average common shares outstanding- basic 178,809,264 66,395,174
Income (loss) from continuing operations per common share - diluted $ 0.14 $ (0.46)
Weighted average common shares outstanding - diluted 180,783,535 66,395,174
Income (loss) on discontinued operations per common share - basic $ 0 $ 0.02
Weighted average common shares outstanding - basic 178,809,264 66,395,174
Income (loss) on discontinued operations per common share - diluted $ 0 $ 0.02
Weighted average common shares outstanding - diluted 180,783,535 67,400,334