Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
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

)