Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Operations (Unaudited)

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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Total Revenues $ 12,690,452 $ 51,707,483 $ 89,329,986 $ 90,182,155
Cost of revenues        
Cost of revenues - energy, hosting and other (13,772,555) (5,922,811) (42,974,265) (11,647,457)
Cost of revenues - depreciation and amortization (26,294,842) (4,340,198) (64,881,323) (8,015,801)
Total costs and expenses (40,067,397) (10,263,009) (107,855,588) (19,663,258)
Operating expenses        
General and administrative expenses (12,352,008) (99,235,984) (39,187,098) (159,411,404)
Legal reserves (24,960,000) (24,960,000)
Impairment of deposits due to vendor bankruptcy filing (7,987,147) (7,987,147)
Impairment of digital currencies (5,903,891) (6,731,890) (153,045,376) (18,472,750)
Impairment of patents (919,363)
Realized and unrealized gains (losses) on digital currencies held in fund 42,086,907 (85,016,208) 59,410,028
Gain on sale of equipment, net of disposals 31,934,307 90,115,824
Total operating expenses (19,268,739) (63,880,967) (220,999,368) (118,474,126)
Operating loss (46,645,684) (22,436,493) (239,524,970) (47,955,229)
Impairment of loan and investment due to vendor bankruptcy filing (31,012,853) (31,012,853)
Other non-operating income 238,159 261,273 632,132 254,024
Interest expense (3,752,301) (287) (10,314,659) (2,694)
Loss before income taxes (81,172,679) (22,175,507) (280,220,350) (47,703,899)
Income tax benefit 5,750,272 2,940 192,712 3,454
Net loss $ (75,422,407) $ (22,172,567) $ (280,027,638) $ (47,700,445)
Net loss per share, basic and diluted: $ (0.65) $ (0.22) $ (2.56) $ (0.49)
Weighted average shares outstanding, basic and diluted: 116,533,816 100,803,809 109,492,865 98,230,795