v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
May 31, 2026
May 31, 2025
Cash flows from operating activities    
Net loss $ (9,106,103,000) $ (2,754,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Unrealized loss / (gain) on digital assets held 9,038,538,000 (25,000)
Change in fair value of warrant liability (264,121,000) 0
Net loss on derivative contracts 133,275,000 0
Deferred tax liability (92,295,000) 0
Noncash revenue from mining and staking (53,473,000) 0
Stock based compensation 38,357,000 1,319,000
Change in the fair value of equity method investment 6,766,000 0
Issuance costs related to warrant offering 9,381,000 0
Depreciation and amortization expense 631,000 539,000
Issuance of non-controlling interest 556,000 0
Other 999,000 (540,000)
Changes in operating assets and liabilities, net of acquisitions    
Prepaid expenses (4,019,000) 520,000
Accrued liabilities 2,399,000 2,109,000
Deferred tax liability (92,295,000) 0
Other current liabilities 2,343,000 0
Contract liabilities (1,067,000) (14,000)
Other assets 241,000 212,000
Net cash provided by (used in) operating activities (287,592,000) 1,366,000
Cash flows from investing activities    
Purchase of digital assets (11,687,493,000) 0
Purchase of equity investments (289,028,000) 0
Collateral paid on digital asset option contracts (100,125,000) 0
Premium paid on option contracts (124,584,000) 0
Premiums received on option contracts 103,938,000 0
Acquisition of Pier Two, net of cash acquired (5,699,000) 0
Proceeds from sale of property and equipment 810,000 0
Purchase of property and equipment (406,000) (18,000)
Proceeds from sale of equity investments 148,000 0
Payment of contingent consideration (7,000) 0
Net cash used in investing activities (12,102,446,000) (18,000)
Cash flows from financing activities:    
Proceeds from ATM 11,869,870,000 0
Proceeds from issuance of common stock and warrants 365,240,000 0
Issuance cost related to equity and warrant offerings (13,338,000) 0
Payment of dividends (4,258,000) 0
Proceeds from exercise of warrants 848,000 0
Repayment of related party loan 0 (849,000)
Proceeds from related party loan 0 250,000
Net cash provided by (used in) financing activities 12,218,362,000 (374,000)
Net (decrease) increase in cash and cash equivalents (171,676,000) 974,000
Effect of exchange rate changes on cash (34,000) 0
Cash and cash equivalents at beginning of period 511,999,000 499,000
Cash and cash equivalents at end of period 340,289,000 1,473,000
Supplemental disclosure of non-cash investing and financing activity    
Payment of liabilities in shares (1,939,000) 0
Right of use assets in exchange for operating lease liabilities (1,323,000) 0
Equity issuance for Pier Two acquisition (10,500,000) 0
Earnout and deferred consideration for Pier Two acquisition (11,275,000) 0
Issuance of noncontrolling interest (556,000) 0
Working capital adjustment payable related to Pier Two acquisition (138,000) 0
Special investment liability settlement of non-cash investment (144,000) 0
Noncash digital asset investment from investment 103,000 0
Repayment of bitcoin loan in bitcoin, net 0 101,000
Purchase of equipment for loan payable 0 1,035,000
Deemed dividend on Series A Convertible Preferred Stock 0 2,961,000
Series A Preferred    
Cash flows from financing activities:    
Proceeds from preferred stock 0 25,000
Series B Preferred    
Cash flows from financing activities:    
Proceeds from preferred stock $ 0 $ 200,000