Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue, net:    
Total revenue $ 73,236 $ 79,787
Costs and expenses:    
Selling, general and administrative 12,675 10,910
Depreciation and amortization 59,340 14,245
Change in fair value of derivative asset 5,778 (43,683)
Power curtailment credits (3,075) (2,552)
Change in fair value of contingent consideration 176
Realized gain on sale of Bitcoin (13,775) (9,665)
Casualty-related charges 1,526
Impairment of Bitcoin 4,472 25,870
Total costs and expenses 130,063 40,929
Operating income (loss) (56,827) 38,858
Other income (expense):    
Interest income (expense) (3,830) (357)
Unrealized loss on marketable equity securities (1,611)
Total other income (expense) (3,830) (1,968)
Net income (loss) before taxes (60,657) 36,890
Current income tax benefit (expense) (76) (312)
Deferred income tax benefit (expense) 5,045
Total income tax benefit (expense) 4,969 (312)
Net income (loss) $ (55,688) $ 36,578
Basic net income (loss) per share (in Dollars per share) $ (0.33) $ 0.31
Diluted net income (loss) per share (in Dollars per share) $ (0.33) $ 0.31
Basic weighted average number of shares outstanding (in Shares) 167,342,500 117,042,347
Diluted weighted average number of shares outstanding (in Shares) 167,342,500 117,042,347
Mining    
Revenue, net:    
Total revenue $ 48,023 $ 57,945
Costs and expenses:    
Cost of revenues 21,899 19,094
Data Center Hosting    
Revenue, net:    
Total revenue 9,042 9,694
Costs and expenses:    
Cost of revenues 25,660 14,985
Engineering    
Revenue, net:    
Total revenue 16,147 12,124
Costs and expenses:    
Cost of revenues 15,563 11,549
Other revenue    
Revenue, net:    
Total revenue $ 24 $ 24