v3.22.2
Consolidated Condensed Statement of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Total Revenues $ 24,921,816 $ 29,321,857 $ 76,639,534 $ 38,474,672
Costs and expenses        
Cost of revenues - energy, hosting and other (16,684,759) (4,056,168) (29,201,710) (5,724,646)
Cost of revenues - depreciation and amortization (24,709,797) (2,937,666) (38,586,480) (3,675,603)
Total Costs and expenses  (41,394,556) (6,993,834) (67,788,190) (9,400,249)
Operating expenses        
General and administrative expenses (12,641,331) (6,831,040) (26,835,089) (60,175,421)
Impairment of digital currencies (127,590,231) (11,078,660) (147,141,486) (11,740,859)
Impairment of patents (919,363)
Total operating expenses (140,231,562) (17,909,700) (174,895,938) (71,916,280)
Other Operating income (expenses)        
Change in fair value of digital currencies held in fund (79,688,590) (114,704,596) (85,016,208) 17,323,121
Gain on sale of equipment 58,181,516 58,181,516
Total Other Operating (income) expenses (21,507,074) (114,704,596) (26,834,692) 17,323,121
Operating income (loss) (178,211,376) (110,286,273) (192,879,286) (25,518,736)
Non-Operating income (expenses) 165,280 1,400,872 393,973 (7,250)
Interest expense (3,748,322) (1,203) (6,562,358) (2,406)
Loss before income taxes (181,794,418) (108,886,604) (199,047,671) (25,528,392)
Income tax (expense) benefit (9,852,224) 1,984 (5,557,560) 514
Net loss $ (191,646,642) $ (108,884,620) $ (204,605,231) $ (25,527,878)
Net loss per share, basic and diluted: $ (1.75) $ (1.09) $ (1.93) $ (0.26)
Weighted average shares outstanding, basic and diluted: 109,437,293 99,466,946 106,101,762 96,922,964

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