| Schedule of Reportable Segments and Operating Income |
The following table details revenue and cost of revenues for the Company's reportable segments for the three and six months ended June 30, 2021 and 2020, and reconciles to net income (loss) on the consolidated statements of operations:
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
| |
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
| |
Reportable segment revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue, net - cryptocurrency mining |
|
$ |
31,450 |
|
|
$ |
1,918 |
|
|
$ |
54,623 |
|
|
$ |
4,280 |
| |
Revenue, net - data center hosting |
|
|
2,874 |
|
|
|
- |
|
|
|
2,874 |
|
|
|
- |
| |
Other revenue |
|
|
24 |
|
|
|
24 |
|
|
|
48 |
|
|
|
48 |
| |
Total segment and consolidated revenue |
|
|
34,348 |
|
|
|
1,942 |
|
|
|
57,545 |
|
|
|
4,328 |
| |
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Cost of revenues - cryptocurrency mining |
|
|
9,325 |
|
|
|
1,440 |
|
|
|
16,859 |
|
|
|
2,847 |
| |
Cost of revenues - data center hosting |
|
|
3,736 |
|
|
|
- |
|
|
|
3,736 |
|
|
|
- |
| |
Total segment and consolidated cost of revenue (exclusive of depreciation and amortization shown below) |
|
|
13,061 |
|
|
|
1,440 |
|
|
|
20,595 |
|
|
|
2,847 |
| |
Reconciling Items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Acquisition-related costs |
|
|
(17,032 |
) |
|
|
- |
|
|
|
(18,342 |
) |
|
|
- |
| |
Selling, general and administrative |
|
|
(3,512 |
) |
|
|
(2,229 |
) |
|
|
(7,664 |
) |
|
|
(5,964 |
) | |
Depreciation and amortization |
|
|
(5,738 |
) |
|
|
(830 |
) |
|
|
(8,584 |
) |
|
|
(1,493 |
) | |
Change in fair value of derivative asset |
|
|
17,536 |
|
|
|
- |
|
|
|
17,536 |
|
|
|
- |
| |
Change in fair value of contingent consideration |
|
|
(185 |
) |
|
|
- |
|
|
|
(185 |
) |
|
|
- |
| |
Impairment of long-term investment |
|
|
- |
|
|
|
(9,413 |
) |
|
|
- |
|
|
|
(9,413 |
) | |
Impairment of cryptocurrencies |
|
|
(17,507 |
) |
|
|
- |
|
|
|
(17,507 |
) |
|
|
(989 |
) | |
Reversal of registration rights penalty |
|
|
- |
|
|
|
1,358 |
|
|
|
- |
|
|
|
1,358 |
| |
Gain on sale of equipment |
|
|
- |
|
|
|
18 |
|
|
|
- |
|
|
|
35 |
| |
Interest income |
|
|
80 |
|
|
|
16 |
|
|
|
255 |
|
|
|
14 |
| |
Interest expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
| |
Other income (expense) |
|
|
1,510 |
|
|
|
(12 |
) |
|
|
1,510 |
|
|
|
(2 |
) | |
Realized gain on sale/exchange of long-term investment |
|
|
26,260 |
|
|
|
- |
|
|
|
26,260 |
|
|
|
- |
| |
Realized gain on sale/exchange of cryptocurrencies |
|
|
29 |
|
|
|
- |
|
|
|
29 |
|
|
|
106 |
| |
Unrealized gain on marketable equity securities |
|
|
339 |
|
|
|
- |
|
|
|
339 |
|
|
|
- |
| |
Deferred income tax expense |
|
|
(3,730 |
) |
|
|
- |
|
|
|
(3,730 |
) |
|
|
- |
| |
Net income (loss) |
|
$ |
19,337 |
|
|
$ |
(10,590 |
) |
|
$ |
26,867 |
|
|
$ |
(14,867 |
)
|
|