| Schedule of Company's Bitcoin Holdings |
The following table presents the Company's bitcoin holdings as of March 31, 2025 and September 30, 2024:
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As of |
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Bitcoin holdings |
|
March 31, 2025 |
|
|
September 30, 2024 |
|
Number of bitcoin held |
|
|
11,869 |
|
|
|
6,819 |
|
Cost basis - per bitcoin |
|
$ |
75,660 |
|
|
$ |
55,408 |
|
Fair value - per bitcoin |
|
$ |
82,537 |
|
|
$ |
63,301 |
|
Cost basis of bitcoin (in '000s) |
|
$ |
898,009 |
|
|
$ |
377,839 |
|
Fair value of bitcoin (in '000s) |
|
$ |
979,635 |
|
|
$ |
431,661 |
|
|
| Schedule of Activities of The Bitcoin |
The following table presents information based on the activity of bitcoin for the three and six months ended March 31, 2025 and 2024:
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|
Three months ended |
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Six months ended |
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($ in thousands) |
|
March 31, 2025 |
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|
March 31, 2024 |
|
|
March 31, 2025 |
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|
March 31, 2024 |
|
|
Beginning Balance - before cumulative effect change |
|
$ |
929,078 |
|
|
$ |
126,951 |
|
|
$ |
431,661 |
|
|
$ |
56,241 |
|
|
Cumulative effect of the adoption of ASC 350-60 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,183 |
|
|
Adjusted beginning balance after cumulative effect change |
|
$ |
929,078 |
|
|
$ |
126,951 |
|
|
$ |
431,661 |
|
|
$ |
60,424 |
|
|
Addition of bitcoin from mining activities(1) |
|
|
181,712 |
|
|
|
111,799 |
|
|
|
344,018 |
|
|
|
185,585 |
|
|
Bitcoin sold & issued for services and purchase of software |
|
|
(3,488 |
) |
|
|
(471 |
) |
|
|
(6,903 |
) |
|
|
(43,771 |
) |
|
Bitcoin transferred to collateral account |
|
|
— |
|
|
|
— |
|
|
|
(8,860 |
) |
|
|
— |
|
|
Bitcoin received from collateral account |
|
|
— |
|
|
|
— |
|
|
|
129,180 |
|
|
|
— |
|
|
(Loss) gain on fair value of bitcoin |
|
|
(127,667 |
) |
|
|
119,702 |
|
|
|
90,539 |
|
|
|
155,743 |
|
|
Ending Balance(2) |
|
$ |
979,635 |
|
|
$ |
357,981 |
|
|
$ |
979,635 |
|
|
$ |
357,981 |
|
|
(1) Net of mining pool fees. (2) Includes Bitcoin - current of $832,690 and Bitcoin - noncurrent of $146,945 as presented within condensed consolidated balance sheets as of March 31, 2025.
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