PROPERTY AND EQUIPMENT

9 Months Ended

May 31, 2025

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 May 31, 2025 and August 31, 2024:

	May 31, 2025							August 31, 2024
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Equipment	$	3,733,401	$	(1,620,143	)	$	2,113,258	$	3,094,076	$	(1,394,332	)	$	1,699,744
Equipment not in service		3,089,565		–			3,089,565		3,071,565		–			3,071,565
Total fixed assets	$	6,822,966	$	(1,620,143	)	$	5,202,823	$	6,165,641	$	(1,394,332	)	$	4,771,309

Equipment not in service as of May 31, 2025 was comprised of the following:

Transformers	$	1,838,760
Immersion containers		1,250,805
Total	$	3,089,565

As of May 31, 2025, equipment not in service was solely comprised of 4 immersion containers, immersion fluid and 15 transformers.

In November 2024, we purchased 3,000 ASIC miners for $1,035,000 (see “Note – Hash Rate Sale Agreements – November 2024 Luxor Agreement”).

In May 2025, we sold 850 ASIC miners for $129,200, and recorded a gain of $46,768 from the transaction.

For the nine months ended May 31, 2025 and May 31, 2024, we recorded $539,054 and $684,564 respectively, in depreciation expense.