| Schedule of Company's Bitcoin Holdings |
The following table presents a description of the Company’s bitcoin holdings as of March 31, 2026 and September 30, 2025:
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As of |
|
Bitcoin holdings |
|
March 31, 2026 |
|
|
September 30, 2025 |
|
Number of bitcoin held |
|
|
11,920 |
|
|
|
10,428 |
|
Cost basis - per bitcoin |
|
$ |
97,309 |
|
|
$ |
105,025 |
|
Fair value - per bitcoin |
|
$ |
68,222 |
|
|
$ |
114,068 |
|
Cost basis of bitcoin (in '000s) |
|
$ |
1,159,953 |
|
|
$ |
1,095,151 |
|
Fair value of bitcoin (in '000s) |
|
$ |
813,221 |
|
|
$ |
1,189,443 |
|
|
| 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, 2026 and 2025:
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For the three months ended March 31, |
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For the six months ended March 31, |
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($ in thousands) |
|
2026 |
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|
2025 |
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|
2026 |
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|
2025 |
|
Beginning Balance |
|
$ |
1,001,997 |
|
|
$ |
929,078 |
|
|
$ |
1,189,443 |
|
|
$ |
431,661 |
|
Addition of bitcoin from mining activities(1) |
|
|
136,408 |
|
|
|
181,712 |
|
|
|
317,588 |
|
|
|
344,018 |
|
Bitcoin purchased |
|
|
46,343 |
|
|
|
— |
|
|
|
46,374 |
|
|
|
— |
|
Bitcoin sold |
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|
(29,413 |
) |
|
|
— |
|
|
|
(57,590 |
) |
|
|
— |
|
Bitcoin issued for services and other non-cash consideration |
|
|
(47,661 |
) |
|
|
(3,488 |
) |
|
|
(48,373 |
) |
|
|
(6,903 |
) |
Bitcoin transferred to collateral account |
|
|
(87,034 |
) |
|
|
— |
|
|
|
(611,333 |
) |
|
|
(8,860 |
) |
Bitcoin received from collateral account |
|
|
16,688 |
|
|
|
— |
|
|
|
448,051 |
|
|
|
129,180 |
|
(Loss) gain on fair value of bitcoin, net |
|
|
(224,107 |
) |
|
|
(127,667 |
) |
|
|
(470,939 |
) |
|
|
90,539 |
|
Ending Balance(2) |
|
$ |
813,221 |
|
|
$ |
979,635 |
|
|
$ |
813,221 |
|
|
$ |
979,635 |
|
(1) Net of mining pool fees. (2) Includes Bitcoin - current of $674,447 and Bitcoin - noncurrent of $138,774 as presented within Condensed Consolidated Balance Sheets as of March 31, 2026.
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