| Schedule of reportable segments and operating income |
| |
|
Three months ended March 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Reportable segment revenue: |
|
|
|
|
|
|
|
|
| Revenue, net - mining |
|
$ |
57,945 |
|
|
$ |
23,173 |
|
| Revenue, net - hosting |
|
|
21,039 |
|
|
|
— |
|
| Revenue, net - engineering |
|
|
15,238 |
|
|
|
— |
|
| Other revenue |
|
|
24 |
|
|
|
24 |
|
| Eliminations |
|
|
(14,459 |
) |
|
|
— |
|
| Total segment and consolidated revenue |
|
|
79,787 |
|
|
|
23,197 |
|
| Reportable segment cost of revenues (exclusive of depreciation and amortization shown below): |
|
|
|
|
|
|
|
|
| Cost of revenues - mining |
|
|
23,931 |
|
|
|
7,534 |
|
| Cost of revenues - hosting |
|
|
21,492 |
|
|
|
— |
|
| Cost of revenues - engineering |
|
|
13,552 |
|
|
|
— |
|
| Eliminations |
|
|
(13,347 |
) |
|
|
— |
|
| Total segment and consolidated cost of revenues (exclusive of depreciation and amortization shown below) |
|
|
45,628 |
|
|
|
7,534 |
|
| Reconciling Items: |
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
(10,910 |
) |
|
|
(5,462 |
) |
| Depreciation and amortization |
|
|
(14,245 |
) |
|
|
(2,846 |
) |
| Change in fair value of derivative asset |
|
|
46,235 |
|
|
|
— |
|
| Change in fair value of contingent consideration |
|
|
(176 |
) |
|
|
— |
|
| Realized gain on sale/exchange of cryptocurrencies |
|
|
9,236 |
|
|
|
— |
|
| Impairment of cryptocurrencies |
|
|
(26,390 |
) |
|
|
— |
|
| Interest and other income (expense) |
|
|
(357 |
) |
|
|
175 |
|
| Unrealized loss on marketable equity securities |
|
|
(1,611 |
) |
|
|
— |
|
| Current income tax expense |
|
|
(312 |
) |
|
|
— |
|
| Net income |
|
$ |
35,629 |
|
|
$ |
7,530 |
|
|