v3.22.1
Consolidated Condensed Statement of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Digital currency mining $ 51,717,718 $ 9,152,815
Total revenues 51,717,718 9,152,815
Costs and expenses    
Cost of revenue 26,393,636 2,406,415
Operating and administrative expenses    
Compensation and related taxes 10,342,967 52,405,786
Professional fees 2,247,378 426,638
General and administrative 1,389,388 307,191
Impairment of mined digital currency 19,551,254 662,199
Impairment of patents 919,363
Total operating and administrative expenses 34,450,350 53,801,814
Operating income (loss) (9,126,268) (47,055,414)
Other income (expenses)    
Change in fair value of investment fund (5,541,642) 131,822,950
Change in fair value of warrant liability (1,591,895)
Interest income 228,693 183,828
Other income (expenses) (2,400) (1,524)
Total other (expenses) income (5,315,349) 130,413,359
Interest expense (2,814,036) (1,203)
Loss before income taxes (17,255,653) 83,356,742
Income tax benefit 4,297,064
Net income (loss) $ (12,958,589) $ 83,356,742
Net income (loss) per share, basic: $ (0.13) $ 0.88
Net income (loss) per share, diluted: $ (0.13) $ 0.87
Weighted average shares outstanding, basic: 103,102,596 94,350,216
Weighted average shares outstanding, diluted: 103,102,596 96,251,240

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