17. SEGMENT REPORTING

12 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

17. SEGMENT REPORTING

17. SEGMENT REPORTING

We disclose segment information that is consistent with the way in which management operates and views the business. Our operating structure contains two reportable segments: Digital Currency and Energy. The Company measures the results of its segments using, among other measures, each segment's sales and operating income, which includes certain corporate overhead allocations.

Digital Currency. This segment consists of operation related to Bitcoin mining. The Company provides computing power through ATL Data Centers LLC and CleanBlok Inc. to the mining pools. This segment also includes operation related to maintenance of real property holdings for company purposes through CSRE properties Norcross LLC and CSRE properties LLC. This segment revenue represents fractional share of the fixed cryptocurrency award received from the mining pool operator in exchange of computing power.

Energy. This segment provides services, equipment, and software to the energy industry. This segment includes revenue from providing engineering and construction services, selling equipment such as residential battery, residential solar, commercial solar and non-customized equipment and providing access to its energy software offerings and software license sales and support services. 

Corporate and Other. This includes revenue from providing design, software development, and other technology-based consulting services through p2k Labs and data center services through ATL Data Center.

We allocate expenses related to corporate activities to the segments, and corporate overhead to CleanSpark Inc. Corporate Items and eliminations consist of corporate overhead and other items not allocated to any of the Company's segments as in the table below. Intersegment transactions, which were at market price, are included in the “Other revenue and eliminations” and “Corporate items and eliminations” in the table below.

		September 30, 2021			September 30, 2020
Revenue
Energy	$	9,002,636		$	9,018,023
Digital Currency Mining		38,846,633			—
Total segment revenues		47,849,269			9,018,023
Other revenue and eliminations		1,588,846			1,010,678
Consolidated Revenues		49,438,115			10,028,701
Profit
Energy		(8,111,138	)		(13,554,515)
Digital Currency Mining		23,198,270			—
Total segment profit/(loss)		15,087,132			(13,554,515)
Corporate items and eliminations (including depreciation and amortization)		(36,899,142	)		(9,791,628)
Net loss	$	(21,812,010	)	$	(23,346,143)

For details on major customers of Digital currency and Energy segment, see Note 16.

A summary of segment assets is as follows: 

	September 30, 2021		September 30, 2020
Digital Currency Mining	$	270,995,942	$	—
Energy	$	17,507,314	$	13,621,190
Other and Corporate assets	$	28,969,865	$	8,718,873
Total	$	317,473,121	$	22,340,063

The Company has its geographic operations only in United States.

Total additions in long-lived assets during the years ended September 30, 2021 and 2020:

	September 30,2021						September 30,2020
	Digital Currency		Energy		Corporate		Digital Currency		Energy		Corporate
Property Plant and Equipment	$	144,743,498	$	212,178	$	972	$	—	$	28,937	$	18,108
Intangibles		9,881,838		190,000		—		—		1,381,633		833,000
Capitalized software		—		—		—		—		84,924		—
Total	$	154,625,336	$	402,178	$	972	$	—	$	1,495,494	$	851,108