16. SEGMENT REPORTING

6 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

16. SEGMENT REPORTING

16. SEGMENT REPORTING

We disclose segment information that is consistent with the way in which management operates and views the business. Our operating structure contains the following reportable segments:   

Energy Segment – Consisting of our CleanSpark, LLC, CleanSpark Critical Power Systems, Inc., GridFabric, and SWS. lines of business, this segment provides services, equipment, and software to the energy industry.

Digital Agency Segment – p2k provides design, software development, and other technology-based consulting services.

Digital Currency Mining Segment – Consisting of ATL and CleanBlok, LLC, this segment mines digital currency assets, namely Bitcoin.

	Three Months Ended March 31, 2021
		Energy			Digital Agency			Digital Currency Mining		Inter-segment			Consolidated
Revenues	$	1,103,368		$	425,881		$	6,715,792	$	(125,353	)	$	8,119,688
Total cost and expenses		10,327,198			(197,048	)		611,863		(125,353	)		10,616,660
Income/(loss) from operations		(9,223,830	)		622,929			6,103,929		—			(2,496,972)
Capital expenditures		12,565			972			9,025,392		—			9,038,929
Depreciation and amortization	$	844,018		$	285,718		$	987,436		—		$	2,117,172

	Three Months Ended March 31, 2020
		Energy			Digital Agency		Digital Currency Mining		Inter-segment			Consolidated
Revenues	$	3,426,424		$	296,530	$	—	$	(64,671	)	$	3,658,283
Total cost and expenses		5,750,335			244,671		—		(64,671	)		5,930,335
Income/(loss) from operations		(2,323,911	)		51,859		—		—			(2,272,052)
Capital expenditures		15,463			—		—		—			15,463
Depreciation and amortization	$	645,484		$	69,521	$	—		—		$	715,005

	Six Months Ended March 31, 2021
		Energy			Digital Agency		Digital Currency Mining		Inter-segment			Consolidated
Revenues	$	2,327,990		$	807,207	$	7,449,202	$	(207,141	)	$	10,377,258
Total cost and expenses		18,181,086			179,863		890,520		(207,141	)		19,044,328
Income/(loss) from operations		(15,853,096	)		627,334		6,558,682		—			(8,667,070)
Capital expenditures		27,740			4,879		9,025,392		—			9,058,011
Depreciation and amortization	$	1,592,357		$	362,126	$	1,271,780		—		$	3,226,263

	Six Months Ended March 31, 2020
	Energy			Digital Agency		Digital Currency Mining		Inter-segment			Consolidated
Revenues	$	4,403,247		$	296,530	$	—	$	(64,670	)	$	4,635,107
Total cost and expenses		9,718,619			244,671		—		(64,470	)		9,898,620
Income/(loss) from operations		(5,315,372	)		51,859		—		—			(5,263,513)
Capital expenditures		24,910			0		—		—			24,910
Depreciation and amortization	$	1,311,548		$	69,521	$	—		—		$	1,381,069

	March 31, 2021
	Energy		Digital Agency		Digital Currency Mining		Consolidated
Accounts Receivable	$	1,436,435	$	319,687	$	—	$	1,756,122
Goodwill	$	16,975,703	$	939,853	$	14,119,003	$	32,034,559
Total Assets	$	232,380,406	$	2,546,822	$	57,685,368	$	292,612,596

	September 30, 2020
		Energy		Digital Agency		Digital Currency Mining		Consolidated
Accounts Receivable	$	919,500	$	127,854	$	—	$	1,047,353
Goodwill	$	4,926,253	$	977,388	$	—	$	5,903,641
Total Assets	$	20,212,873	$	2,127,190	$	—	$	22,340,063