v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue $ 79,787 $ 23,197
Cost of revenues (exclusive of depreciation and amortization shown below)    
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
Total costs and expenses 41,878 15,842
Operating income 37,909 7,355
Other income (expense):    
Interest and other income (expense) (357) 175
Unrealized loss on marketable equity securities (1,611)
Total other income (expense) (1,968) 175
Net income before taxes 35,941 7,530
Current income tax expense (312)
Net income $ 35,629 $ 7,530
Basic net income per share (in Dollars per share) $ 0.3 $ 0.09
Diluted net income per share (in Dollars per share) $ 0.3 $ 0.09
Basic weighted average number of shares outstanding (in Shares) 117,042,347 83,163,400
Diluted weighted average number of shares outstanding (in Shares) 117,042,347 83,712,151
Revenue, net - mining    
Revenue:    
Total revenue $ 57,945 $ 23,173
Revenue, net - hosting    
Revenue:    
Total revenue 9,694
Revenue, net - engineering    
Revenue:    
Total revenue 12,124
Other revenue    
Revenue:    
Total revenue 24 24
Mining    
Cost of revenues (exclusive of depreciation and amortization shown below)    
Cost of revenues 19,094 7,534
Hosting    
Cost of revenues (exclusive of depreciation and amortization shown below)    
Cost of revenues 14,985
Engineering    
Cost of revenues (exclusive of depreciation and amortization shown below)    
Cost of revenues $ 11,549

Source