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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities      
Receipts from Bitcoin mining activities $ 78,423 $ 59,037 $ 7,898
Payments for electricity, suppliers and employees (inclusive of GST) (72,183) (32,231) (6,400)
Total receipts (payments) 6,240 26,806 1,498
Interest received 803 4 6
Other income received 3,104 0 590
Interest paid (4,102) (5,253) (333)
Net cash from operating activities 6,045 21,557 1,761
Cash flows from investing activities      
Payments for property, plant and equipment net of mining hardware prepayments (116,064) (83,654) (7,300)
Payments for mining hardware prepayments 0 (210,593) (73,815)
Payments for prepayments and other assets (7,363) (22,038) (250)
Repayments/(advancement) of loan proceeds 2,291 (1,870) 0
Deconsolidation of Non-Recourse SPVs (1,214) 0 0
Proceeds from disposal of property, plant and equipment 32,488 40 2
Proceeds from release of deposits 18,395 0 0
Net cash used in investing activities (71,467) (318,115) (81,363)
Cash flows from financing activities      
Proceeds from hybrid financial instruments 0 107,845 105,662
Capital raising costs (1,012) (4,212) 0
Proceeds from mining hardware finance 0 65,200 17,084
Repayment of borrowings (9,432) (12,120) (2,118)
Proceeds from IPO offering (net of underwriting fees) 0 215,331 0
Payment of borrowing transaction costs (250) 0 (2,569)
Proceeds from committed equity facility 39,252 0 0
Repayment of lease liabilities (318) (6) (34)
Net cash from financing activities 28,240 372,038 118,025
Net increase/(decrease) in cash and cash equivalents (37,182) 75,480 38,423
Cash and cash equivalents at the beginning of the financial year 109,970 38,990 1,956
Effects of exchange rate changes on cash and cash equivalents (3,894) (4,500) (1,389)
Cash and cash equivalents at the end of the financial year $ 68,894 $ 109,970 $ 38,990