v3.21.1
Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Total revenues $ 9,152,815 $ 592,487
Operating costs and expenses    
Cost of revenue 2,406,415 1,153,241
Compensation and related taxes 52,405,786 233,657
Consulting fees 113,606 41,812
Professional fees 313,032 146,642
General and administrative 307,191 108,937
Impairment of cryptocurrencies 662,199
Total operating expenses 56,208,229 1,684,289
Operating loss (47,055,414) (1,091,802)
Other income (expenses)    
Other income (1,470) 106,408
Change in fair value of investment in NYDIG fund 131,822,950
Realized gain (loss) on sale of digital currencies (54) (4,221)
Change in fair value of warrant liability (1,591,895) 9,786
Change in fair value of mining payable (66,548)
Interest income 183,828 1,880
Interest expense (1,203) (13,435)
Total other (expenses) income 130,412,156 33,870
Income (loss) before income taxes 83,356,742 (1,057,932)
Income tax expense
Net income (loss) $ 83,356,742 $ (1,057,932)
Net income (loss) per share, basic: $ 0.88 $ (0.12)
Net income (loss) per share, diluted: $ 0.87 $ (0.12)
Weighted average shares outstanding, basic: 94,350,216 8,655,525
Weighted average shares outstanding, diluted: 96,251,240 8,655,525
Cryptocurrency Mining Revenue [Member]    
Revenues    
Total revenues $ 9,152,815 $ 592,487

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