Income Statement
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Income Statement [Abstract] | ||||
| Total revenues | $ 81,759 | $ 24,923 | $ 132,891 | $ 76,646 |
| Cost of revenues | ||||
| Cost of revenues - energy, hosting and other | (55,222) | (16,686) | (88,599) | (29,208) |
| Cost of revenues - depreciation and amortization | (37,275) | (24,710) | (55,008) | (38,587) |
| Total cost of revenues | (92,497) | (41,396) | (143,607) | (67,795) |
| Operating expenses | ||||
| General and administrative expenses | (20,491) | (10,469) | (35,836) | (25,983) |
| Impairment of digital assets | (8,363) | (131,581) | (14,514) | (154,898) |
| Impairment of patents | (919) | |||
| Gains on digital assets and losses on digital assets loan receivable | 23,354 | (13,999) | 40,969 | (14,460) |
| Gain on sale of equipment, net of disposals | 54,060 | 54,060 | ||
| Losses on digital assets held within investment fund | (79,689) | (85,017) | ||
| Total operating expenses | (5,500) | (181,678) | (9,381) | (227,217) |
| Operating loss | (16,238) | (198,151) | (20,097) | (218,366) |
| Other non-operating income | 148 | 135 | 940 | 382 |
| Loss from extinguishment of debt | (333) | |||
| Interest expense | (2,840) | (3,748) | (6,600) | (6,561) |
| Loss before income taxes | (18,930) | (201,764) | (26,090) | (224,545) |
| Income tax expense | (203) | (10,862) | (278) | (5,190) |
| Net loss | (19,133) | (212,626) | (26,368) | (229,735) |
| Add: Series A Preferred Stock accretion to redemption value | (2,121) | (2,121) | ||
| Net loss attributable to common stockholders | $ (21,254) | $ (212,626) | $ (28,489) | $ (229,735) |
| Net loss attributable to common stockholders per common stock basic | $ (0.13) | $ (1.94) | $ (0.17) | $ (2.17) |
| Net loss attributable to common stockholders per common stock diluted | $ (0.13) | $ (1.94) | $ (0.17) | $ (2.17) |
| Weighted average common stock outstanding basic | 168,474,882 | 109,437,293 | 163,856,352 | 106,101,762 |
| Weighted average common stock outstanding diluted | 168,474,882 | 109,437,293 | 163,856,352 | 106,101,762 |
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- Definition Cost of goods and services energy hosting and other. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Preferred stock accretion to redemption value. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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