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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 121,222 $ 29,215
Restricted Cash 3,056 0
Receivable from equity offerings 0 9,590
Prepaid expense and other current assets 7,995 3,258
Bitcoin (See Note 2 and Note 6) 431,661 56,241
Receivable for bitcoin collateral (See Note 2 and Note 12) 77,827 0
Note receivable from GRIID (see Note 7) 60,919 0
Derivative investments 1,832 2,697
Investment in debt security, AFS, at fair value 918 726
Current assets held for sale 0 445
Total current assets 705,430 102,172
Property and equipment, net 869,693 564,395
Operating lease right of use asset 3,263 688
Intangible assets, net 3,040 4,603
Deposits on miners and mining equipment 359,862 75,959
Other long-term asset 13,331 5,718
Goodwill 8,043 8,043
Total assets 1,962,662 761,578
Current liabilities    
Accounts payable 82,992 39,900
Accrued liabilities 43,874 25,677
Other current liabilities 2,240 311
Current portion of loans payable 58,781 6,992
Current liabilities held for sale 0 1,175
Total current liabilities 187,887 74,055
Long-term liabilities    
Operating lease liability, net of current portion 997 519
Finance lease liability, net of current portion 0 9
Loans payable, net of current portion 7,176 8,911
Deferred income taxes 5,761 2,416
Total Liabilities 201,821 85,910
Commitments and contingencies - Note 18
Stockholders' equity    
Preferred stock; $0.001 par value; 10,000,000 shares authorized; Series A shares; 2,000,000 authorized; 1,750,000 issued and outstanding (liquidation preference $0.02 per share) Series X shares; 1,000,000 and 0 authorized, issued and outstanding respectively 3 2
Common stock; $0.001 par value; 300,000,000 shares authorized; 270,897,784 and 160,184,921 shares issued and outstanding, respectively 271 160
Additional paid-in capital 2,239,367 1,009,482
Accumulated other comprehensive income 418 226
Accumulated deficit (479,218) (334,202)
Total stockholders' equity 1,760,841 675,668
Total liabilities and stockholders' equity $ 1,962,662 $ 761,578