v3.21.2
Condensed Interim Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue $ 64,808 $ 2,462 $ 122,353 $ 6,790
Costs and expenses:        
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
Total costs and expenses 69,020 4,569 124,361 25,276
Operating loss (4,212) (2,107) (2,008) (18,486)
Other income (expense):        
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)
Total other income (expense) (11,131) 390 17,262 1,902
Net income (loss) before taxes (15,343) (1,717) 15,254 (16,584)
Deferred income tax expense (3,730)
Net income (loss) $ (15,343) $ (1,717) $ 11,524 $ (16,584)
Basic net income (loss) per share $ (0.16) $ (0.04) $ 0.13 $ (0.46)
Diluted net income (loss) per share $ (0.16) $ (0.04) $ 0.13 $ (0.46)
Basic weighted average number of shares outstanding 96,064,036 44,773,870 89,350,180 36,017,927
Diluted weighted average number of shares outstanding 96,064,036 44,773,870 89,896,374 36,017,927
Revenue, net - cryptocurrency mining [Member]        
Revenue:        
Total revenue $ 53,590 $ 2,437 $ 108,213 $ 6,717
Costs and expenses:        
Cost of revenues, cryptocurrency mining (exclusive of depreciation and amortization shown below) 13,034 1,302 29,893 4,149
Revenue, net - data center hosting [Member]        
Revenue:        
Total revenue 11,193 14,067
Costs and expenses:        
Cost of revenues, data center hosting (exclusive of depreciation and amortization shown below) 12,581 16,317
Other [Member]        
Revenue:        
Total revenue $ 25 $ 25 $ 73 $ 73

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