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CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities    
Net Income (Loss) $ 25,909 $ (29,031)
Less: Income from discontinued operations 0 (1,457)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Impairment of bitcoin 0 83
Gain on fair value of bitcoin, net (see Note 2) (36,041) 0
Realized gain on sale of bitcoin 0 517
Bitcoin issued for services 265 134
Unrealized loss on derivative asset 1,243 1,271
Gain on fair value of contingent consideration 0 (485)
Non-cash lease expenses 41 79
Stock based compensation 9,953 5,878
Depreciation and amortization 29,847 19,329
Provision for bad debts 53 70
Amortization of debt discount 27 1
Loss on disposal of assets 677 0
Changes in operating assets and liabilities    
Mining of bitcoin (73,786) (27,746)
Proceeds from sale of bitcoin 0 34,067
Increase (Decrease) in operating lease liabilities (50) 56
(Decrease) increase in accounts payable and accrued liabilities (8,255) 3,265
Decrease in prepaid expenses and other current assets 9,010 1,862
Decrease (increase) in accounts receivables 5 (73)
Decrease (increase) in inventory 77 (176)
Deferred income taxes 1,399 0
Long -term deposits paid   (2,941)
Net cash (used in) provided by operating activities from Continuing Operations (39,626) 4,703
Net cash provided by (used in) operating activities of Discontinued Operations (408) 412
Net cash (used in) provided by operating activities (40,034) 5,115
Cash Flows from Investing Activities    
Payments on miners (including deposits) (48,858) (31,540)
Purchase of fixed assets (27,503) (4,953)
Proceeds from sale of bitcoin 43,035 0
Proceeds from sale of miners 508 0
Acquisition of Mawson 0 (22,518)
Net cash used in investing activities - Continuing Operations (32,818) (59,011)
Net cash provided by investing activities - Discontinued Operations 0 2,523
Net cash used in investing activities (32,818) (56,488)
Cash Flows from Financing Activities    
Payments on loans (1,701) (8,430)
Payments on finance leases (43) (93)
Refund of loan commitment fee 0 150
Payments of taxes on shares withheld for net settlement of restricted stock units (5,533) 0
Proceeds from exercise of options and warrants 36 0
Proceeds from equity offerings, net 99,336 41,344
Net cash provided by financing activities - Continued Operations 92,095 32,971
Net cash provided by financing activities - Discontinued Operations 0 0
Net cash provided by financing activities 92,095 32,971
Net increase (decrease) in cash and cash equivalents 19,243 (18,402)
Cash and cash equivalents, beginning of period 29,215 20,463
Cash and cash equivalents, and restricted cash, end of period 48,458 2,061
Supplemental disclosure of cash flow information    
Cash paid for interest 519 808
Non-cash investing and financing transactions    
Change in Accounting Principle - (see Note 2) 4,183 0
Cumulative change in accounting principle 4,183  
Fixed asset and miner purchases accrued not paid 3,462 0
Fixed assets purchased through finance transactions 240 164
Software purchased with bitcoin 0 229
Preferred share dividends accrued 579 0
Unrealized gain on investment in available-for-sale debt security $ 29 $ 29