v3.25.1
14. COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Contractual Future Payments Obligations

The following table sets forth certain information concerning our obligations to make unconditional obligations to make contractual future payments towards our agreements as of March 31, 2025 (these amounts are not recorded in the Consolidated Balance Sheets):

 

 

Fiscal Year

 

 ($ in thousands)

 

2025 (Remainder)

 

Contractual obligations:

 

 

 

Purchase of bitcoin miners

$

74,496

 

Modular immersion data centers

 

49,500

 

Construction in progress

 

35,557

 

Total

 

$

159,553

 

Purchase of bitcoin miners

The Company had $74,496 in unrecorded open purchase commitments for miners or mining equipment as of March 31, 2025 in relation to the purchase transactions with Bitmain Technologies Delaware Limited. The miners purchased in these transactions are expected to be received and paid for during the third fiscal quarter of 2025.

Purchase of modular immersion data centers

The Company entered into a $165,000 contract subject to certain discounts in June 2024 for the purchase and on-site construction and installation of modular immersion data centers. The $49,500 remaining balance of the contract is contractually obligated and expected to be paid in installments through August 2025 upon delivery and installation of the related data centers.

Commitments under open construction projects

The Company has open commitments relating to the construction and development of new mining locations and operational facilities of $35,557.