v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Current assets    
Cash and cash equivalents $ 96,982 $ 121,222
Restricted cash 3,435 3,056
Prepaid expense and other current assets 10,418 7,995
Bitcoin - current 832,690 431,661
Receivable from bitcoin collateral (See Note 9) 0 77,827
Note receivable from GRIID (see Note 5) 0 60,919
Derivative investments 72 1,832
Investment in debt security, AFS, at fair value 3,896 918
Total current assets 947,493 705,430
Bitcoin - noncurrent 146,945 0
Property and equipment, net 1,271,501 869,693
Operating lease right of use assets 4,433 3,263
Intangible assets, net 6,978 3,040
Deposits on miners and mining equipment 124,032 359,862
Other long-term assets 23,400 13,331
Goodwill 132,216 8,043
Total assets 2,656,998 1,962,662
Current liabilities    
Accounts payable 11,390 82,992
Accrued liabilities 87,906 43,874
Other current liabilities 4,596 2,240
Current portion of loans payable 5,420 58,781
Total current liabilities 109,312 187,887
Long-term liabilities    
Loans payable, net of current portion, debt discount and debt issuance costs 641,740 7,176
Deferred income taxes 11,934 5,761
Other long-term liabilities 3,521 997
Total liabilities 766,507 201,821
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; 0 and 1,000,000 authorized, issued and outstanding, respectively 2 3
Common stock; $0.001 par value; 600,000,000 and 300,000,000 shares authorized; 292,660,113 and 270,897,784 shares issued; 280,900,178 and 270,897,784 shares outstanding, respectively 293 271
Additional paid-in capital 2,408,160 2,239,367
Accumulated other comprehensive income 3,396 418
Accumulated deficit (376,360) (479,218)
Treasury stock at cost; 11,759,935 and 0 shares held, respectively (145,000) 0
Total stockholders' equity 1,890,491 1,760,841
Total liabilities and stockholders' equity $ 2,656,998 $ 1,962,662