Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Consolidated Statements of Operations (Unaudited)

v3.21.2
Condensed Interim Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 34,348 $ 1,942 $ 57,545 $ 4,328
Costs and expenses:        
Acquisition-related costs 17,032 18,342
Selling, general and administrative 3,512 2,229 7,664 5,964
Depreciation and amortization 5,738 830 8,584 1,493
Change in fair value of derivative asset (17,536) (17,536)
Change in fair value of contingent consideration 185 185
Impairment of long-term investment 9,413 9,413
Impairment of cryptocurrencies 17,507 17,507 989
Total costs and expenses 39,499 13,912 55,341 20,706
Operating income (loss) (5,151) (11,970) 2,204 (16,378)
Other income (expense):        
Reversal of registration rights penalty 1,358 1,358
Gain on sale of equipment 18 35
Interest income 80 16 255 14
Interest expense
Other income (expense) 1,510 (12) 1,510 (2)
Realized gain on sale/exchange of long-term investment 26,260 26,260
Realized gain on sale/exchange of cryptocurrencies 29 29 106
Unrealized gain on marketable equity securities 339 339
Total other income 28,218 1,380 28,393 1,511
Deferred income tax expense (3,730) (3,730)
Net income (loss) $ 19,337 $ (10,590) $ 26,867 $ (14,867)
Basic net income (loss) per share $ 0.22 $ (0.31) $ 0.31 $ (0.47)
Diluted net income (loss) per share $ 0.22 $ (0.31) $ 0.31 $ (0.47)
Basic weighted average number of shares outstanding 88,681,338 34,528,836 85,937,612 31,591,846
Diluted weighted average number of shares outstanding 89,241,044 34,528,836 86,501,471 31,591,846
Revenue, net - cryptocurrency mining [Member]        
Revenue:        
Total revenue $ 31,450 $ 1,918 $ 54,623 $ 4,280
Costs and expenses:        
Cost of revenues, cryptocurrency mining (exclusive of depreciation and amortization shown below) 9,325 1,440 16,859 2,847
Revenue, net - data center hosting [Member]        
Revenue:        
Total revenue 2,874 2,874
Costs and expenses:        
Cost of revenues, data center hosting (exclusive of depreciation and amortization shown below) 3,736 3,736
Other [Member]        
Revenue:        
Total revenue $ 24 $ 24 $ 48 $ 48