Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Total Revenue $ 213,243 $ 12,081 $ 6,837
Costs and expenses:      
Acquisition-related costs 21,198
Selling, general and administrative 87,429 10,251 9,159
Depreciation and amortization 26,324 4,494 119
Change in fair value of derivative asset (18,626)
Change in fair value of contingent consideration 975
Realized gain on sale/exchange of cryptocurrencies (253) (5,184) (665)
Impairment of intangible rights acquired 700
Impairment of long-term investment 9,413
Impairment of cryptocurrencies 36,462 989 844
Total costs and expenses 235,602 26,214 16,254
Operating loss (22,359) (14,133) (9,417)
Other income (expense):      
Loss on issuance of convertible notes, common stock and warrants (6,155)
Change in fair value of warrant liability (2,869)
Change in fair value of convertible notes (3,896)
Reversal of registration rights penalty 1,358
Gain on deconsolidation of Tess 1,139
Gain on sale of equipment 29
Interest income 85
Interest expense (296) (122)
Other income (expense) 2,378 (6) 874
Realized gain on sale/exchange of long-term investment 26,260
Unrealized loss on marketable equity securities (13,655)
Total other income (expense) 14,687 1,466 (11,029)
Net loss before taxes (7,672) (12,667) (20,446)
Current income tax expense (254)
Deferred income tax benefit 143
Net loss (7,926) (12,667) (20,303)
Net (income) loss attributable to non-controlling interest (7) 264
Net loss attributable to Riot Blockchain $ (7,926) $ (12,674) $ (20,039)
Basic and diluted net loss per share $ (0.08) $ (0.30) $ (1.02)
Basic and diluted weighted average number of shares outstanding 93,452,764 41,976,704 19,597,977
Revenue, net - mining [Member]      
Revenue:      
Total Revenue $ 184,422 $ 11,984 $ 6,741
Costs and expenses:      
Cost of revenues 45,513 6,251 6,097
Revenue, net - hosting [Member]      
Revenue:      
Total Revenue 24,546
Costs and expenses:      
Cost of revenues 32,998
Revenue, net - engineering [Member]      
Revenue:      
Total Revenue 4,178
Costs and expenses:      
Cost of revenues 3,582
Other Revenue [Member]      
Revenue:      
Total Revenue $ 97 $ 97 $ 96