v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue, net:        
Total revenue $ 46,290 $ 64,808 $ 199,024 $ 122,353
Costs and expenses:        
Acquisition-related costs 552 78 18,894
Selling, general and administrative 16,004 40,307 37,549 47,971
Depreciation and amortization 26,559 12,207 61,366 20,791
Change in fair value of derivative asset 17,749 (7,413) (86,865) (23,806)
Power curtailment credits (13,070) (2,507) (21,328) (3,650)
Change in fair value of contingent consideration 259 176 444
Realized gain on sale/exchange of Bitcoin (1,854) (65) (25,443) (94)
Gain on exchange of equipment (7,667) (16,281)
Impairment of Bitcoin 5,900 132,077 17,507
Impairment of goodwill 335,648
Total costs and expenses 86,301 68,955 553,639 124,267
Operating income (loss) (40,011) (4,147) (354,615) (1,914)
Other income (expense):        
Interest income (expense) 348 40 (9) 295
Realized loss on sale of marketable equity securities (1,624)
Realized gain on sale/exchange of long-term investment 26,260
Unrealized gain (loss) on marketable equity securities 142 (11,151) (6,306) (10,812)
Other income (expense) (85) (59) 1,425
Total other income (expense) 490 (11,196) (7,998) 17,168
Net income (loss) before taxes (39,521) (15,343) (362,613) 15,254
Current income tax benefit (expense) (89) (828)
Deferred income tax benefit (expense) 3,041 9,667 (3,730)
Total income tax benefit (expense) 2,952 8,839 (3,730)
Net income (loss) $ (36,569) $ (15,343) $ (353,774) $ 11,524
Basic net income (loss) per share (in Dollars per share) $ (0.24) $ (0.16) $ (2.64) $ 0.13
Diluted net income (loss) per share (in Dollars per share) $ (0.24) $ (0.16) $ (2.64) $ 0.13
Basic weighted average number of shares outstanding (in Shares) 153,895,123 96,064,036 133,894,338 89,350,180
Diluted weighted average number of shares outstanding (in Shares) 153,895,123 96,064,036 133,894,338 89,896,374
Mining        
Revenue, net:        
Total revenue $ 22,070 $ 53,590 $ 126,166 $ 108,213
Costs and expenses:        
Cost of revenues 14,677 13,034 51,766 29,893
Data Center Hosting        
Revenue, net:        
Total revenue 8,371 11,193 27,899 14,067
Costs and expenses:        
Cost of revenues 14,223 12,581 44,392 16,317
Engineering        
Revenue, net:        
Total revenue 15,824 44,886
Costs and expenses:        
Cost of revenues 13,780 40,504
Other revenue        
Revenue, net:        
Total revenue $ 25 $ 25 $ 73 $ 73

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