v3.23.2
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
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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