PROPERTY AND EQUIPMENT

3 Months Ended

Nov. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

The following table sets forth the components of our property and equipment at November 30, 2024 and August 31, 2024:

	November 30, 2024							August 31, 2024
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Equipment	$	3,094,076	$	(1,524,957	)	$	1,569,119	$	3,094,076	$	(1,394,332	)	$	1,699,744
Equipment not in service		4,124,565		–			4,124,565		3,071,565		–			3,071,565
Total fixed assets	$	7,218,641	$	(1,524,957	)	$	5,693,684	$	6,165,641	$	(1,394,332	)	$	4,771,309

Equipment not in service as of November 30, 2024 was comprised of the following:

Transformers	$	1,838,760
Immersion containers		1,250,805
ASIC miners		1,035,000
Total	$	4,124,565

As of November 30, 2024, the equipment not in service was solely comprised of 4 immersion containers, immersion fluid, 15 transformers, and 3,000 ASIC miners.

Equipment not in service at November 30, 2024 included 3,000 ASIC miners that were purchased for $1,035,000 on November 14, 2024, but had not been installed as of November 30, 2024.

For the three months ended November 30, 2024 and 2023, we recorded $130,625 and $222,530, respectively, in depreciation expense.