v3.23.1
Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Total revenues $ 51,132 $ 51,723
Cost of revenues    
Cost of revenues - energy, hosting and other (33,377) (12,522)
Cost of revenues - depreciation and amortization (17,733) (13,877)
Total cost of revenues (51,110) (26,399)
Operating expenses    
General and administrative expenses (15,344) (15,515)
Impairment of digital assets (6,151) (17,647)
Impairment of patents (919)
Realized gains on digital assets and unrealized gains (losses) on digital assets loan receivable 17,615 (461)
Realized and unrealized gains (losses) on digital assets held within Investment Fund (5,328)
Total operating expenses (3,880) (39,870)
Operating loss (3,858) (14,546)
Other non-operating income 791 247
Loss from extinguishment of debt (333)
Interest expense (3,760) (2,814)
Loss before income taxes (7,160) (17,113)
Income tax benefit (expense) (75) 4,262
Net loss $ (7,235) $ (12,851)
Net loss per share, basic and diluted: $ (0.05) $ (0.12)
Weighted average shares outstanding, basic and diluted: 159,186,506 103,102,596

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