| Schedule of Reportable Segments and Operating Income |
The following table details revenue and cost of revenues for the Company's reportable segments for the three and nine months ended September 30, 2021 and 2020, and reconciles to net income (loss) on the condensed interim consolidated statements of operations:
Riot Blockchain, Inc. and Subsidiaries
Notes to the Condensed Interim Consolidated Financial Statements
(Unaudited)
|
|
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
| |
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
| |
Reportable segment revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue, net - cryptocurrency mining |
|
$ |
53,590 |
|
|
$ |
2,437 |
|
|
$ |
108,213 |
|
|
$ |
6,717 |
| |
Revenue, net - data center hosting |
|
|
11,193 |
|
|
|
- |
|
|
|
14,067 |
|
|
|
- |
| |
Other revenue |
|
|
25 |
|
|
|
25 |
|
|
|
73 |
|
|
|
73 |
| |
Total segment and consolidated revenue |
|
|
64,808 |
|
|
|
2,462 |
|
|
|
122,353 |
|
|
|
6,790 |
| |
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Cost of revenues - cryptocurrency mining |
|
|
13,034 |
|
|
|
1,302 |
|
|
|
29,893 |
|
|
|
4,149 |
| |
Cost of revenues - data center hosting |
|
|
12,581 |
|
|
|
- |
|
|
|
16,317 |
|
|
|
- |
| |
Total segment and consolidated cost of revenues (exclusive of depreciation and amortization shown below) |
|
|
25,615 |
|
|
|
1,302 |
|
|
|
46,210 |
|
|
|
4,149 |
| |
Reconciling Items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Acquisition-related costs |
|
|
(552 |
) |
|
|
- |
|
|
|
(18,894 |
) |
|
|
- |
| |
Selling, general and administrative |
|
|
(40,307 |
) |
|
|
(2,000 |
) |
|
|
(47,971 |
) |
|
|
(7,964 |
) | |
Depreciation and amortization |
|
|
(12,207 |
) |
|
|
(1,267 |
) |
|
|
(20,791 |
) |
|
|
(2,761 |
) | |
Change in fair value of derivative asset |
|
|
9,920 |
|
|
|
- |
|
|
|
27,456 |
|
|
|
- |
| |
Change in fair value of contingent consideration |
|
|
(259 |
) |
|
|
- |
|
|
|
(444 |
) |
|
|
- |
| |
Impairment of long-term investment |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(9,413 |
) | |
Impairment of cryptocurrencies |
|
|
- |
|
|
|
- |
|
|
|
(17,507 |
) |
|
|
(989 |
) | |
Reversal of registration rights penalty |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,358 |
| |
Gain (loss) on sale of equipment |
|
|
- |
|
|
|
(5 |
) |
|
|
- |
|
|
|
31 |
| |
Interest income |
|
|
40 |
|
|
|
12 |
|
|
|
295 |
|
|
|
27 |
| |
Other income (expense) |
|
|
(85 |
) |
|
|
(2 |
) |
|
|
1,425 |
|
|
|
(5 |
) | |
Realized gain on sale/exchange of long-term investment |
|
|
- |
|
|
|
- |
|
|
|
26,260 |
|
|
|
- |
| |
Realized gain on sale/exchange of cryptocurrencies |
|
|
65 |
|
|
|
385 |
|
|
|
94 |
|
|
|
491 |
| |
Unrealized loss on marketable equity securities |
|
|
(11,151 |
) |
|
|
- |
|
|
|
(10,812 |
) |
|
|
- |
| |
Deferred income tax expense |
|
|
- |
|
|
|
- |
|
|
|
(3,730 |
) |
|
|
- |
| |
Net income (loss) |
|
$ |
(15,343 |
) |
|
$ |
(1,717 |
) |
|
$ |
11,524 |
|
|
$ |
(16,584 |
)
|
|