v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 76,739 $ 72,947 $ 149,975 $ 152,734
Costs and expenses:        
Acquisition-related costs     78
Selling, general, and administrative 19,836 10,713 32,511 21,545
Depreciation and amortization 66,162 20,562 125,502 34,807
Change in fair value of derivative asset (13,109) (60,931) (7,331) (104,614)
Power curtailment credits (13,470) (5,706) (16,545) (8,258)
Change in fair value of contingent consideration 176
Realized gain on sale of Bitcoin (19,828) (15,260) (33,603) (24,925)
Gain (loss) on sale/exchange of equipment 30 (8,614) 30 (8,614)
Casualty-related charges     1,526
Impairment of Bitcoin 5,638 101,419 10,110 127,289
Impairment of goodwill   335,648 335,648
Total costs and expenses 109,222 426,185 239,285 467,114
Operating income (loss) (32,483) (353,238) (89,310) (314,380)
Other income (expense):        
Interest income (expense) 4,843   1,013 (357)
Realized loss on sale of marketable equity securities   (1,624) (1,624)
Unrealized loss on marketable equity securities   (4,837) (6,448)
Other income (expense) 65 (59) 65 (59)
Total other income (expense) 4,908 (6,520) 1,078 (8,488)
Net income (loss) before taxes (27,575) (359,758) (88,232) (322,868)
Current income tax benefit (expense) (112) (427) (188) (739)
Deferred income tax benefit (expense) (0) 6,626 5,045 6,626
Total income tax benefit (expense) (112) 6,199 4,857 5,887
Net income (loss) $ (27,687) $ (353,559) $ (83,375) $ (316,981)
Basic net income (loss) per share (in Dollars per share) $ (0.17) $ (2.71) $ (0.51) $ (2.56)
Diluted net income (loss) per share (in Dollars per share) $ (0.01) $ (2.71) $ (0.35) $ (2.56)
Basic weighted average number of shares outstanding (in Shares) 167,342,813 130,405,502 162,559,956 123,760,839
Diluted weighted average number of shares outstanding (in Shares) 167,342,813 130,405,502 162,559,956 123,760,839
Mining        
Revenue:        
Total revenue $ 49,742 $ 46,151 $ 97,765 $ 104,096
Costs and expenses:        
Cost of revenues 23,647 17,995 45,546 37,089
Data Center Hosting        
Revenue:        
Total revenue 7,661 9,834 16,703 19,528
Costs and expenses:        
Cost of revenues 22,134 15,184 47,794 30,169
Engineering        
Revenue:        
Total revenue 19,312 16,938 35,459 29,062
Costs and expenses:        
Cost of revenues 18,182 15,175 33,745 26,724
Other revenue        
Revenue:        
Total revenue $ 24 $ 24 $ 48 $ 48

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