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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Cash flows from operating activities    
Net Income (loss) $ 348,577 $ (3,293)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Stock based compensation 2,425 1,123
Warrant expense 348,959
Depreciation expense 761 924
Loss on the sale of property and equipment 1,528 32
Loss on investment in joint venture 1,278 311
Impairment of property and equipment 1,912 120
Amortization of note discount 8
Loss on extinguishment of debt 289
Gain on note settlement (35)
Realized gain on the sale of digital assets (3,748)
Unrealized gain on digital assets held (805,008)
Changes in operating assets and liabilities    
Digital assets (2,515) (225)
Other receivables 374
Prepaid expenses 178 (570)
Accrued liabilities 8,699 507
Deferred tax liability 92,295
Contract liabilities 213 704
Net cash provided by (used in) operating activities (4,149) (30)
Cash flows from investing activities    
Purchase of digital assets (7,433,131)
Return of capital on joint venture 8
Proceeds form sale of digital assets 2,187
Purchase of property and equipment (1,065) (76)
Net cash (used in) investing activities (7,432,009) (67)
Cash flows from financing activities:    
Proceeds from Series A preferred stock 25
Proceeds from Series B preferred stock 200
Proceeds from loan payable 1,035
Repayment of loan payable (957)
Proceeds from private placements and prefunded warrants, net of issuance costs 230,290
Proceeds from ATM, net of issuance costs 7,717,761
Repayment of related party loan (945)
Proceeds from related party loan 250 325
Net cash (used in) by financing activities 7,947,659 325
Net increase in cash and cash equivalents 511,500 229
Cash and cash equivalents at beginning of period 499 270
Cash and cash equivalents at end of period 511,999 499
Supplemental disclosure of non-cash investing and financing activity    
Proceeds received from bitcoin loan 578
Proceeds of bitcoin loan in BTC 578
Repayment of loan with digital assets 374
Purchase of equipment for loan payable 1,035
Purchase of equipment with BTC 340
Repossession of equipment to satisfy notes receivable 531
Payment of an accrued liability to a related party with equipment 49
Deemed dividend on Preferred A stock 2,961
Issuance of common stock to reduce related party debt $ 796