Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Other Comprehensive Income (Loss)

v3.22.4
Consolidated Statements of Other Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Total revenues $ 117,753,000 $ 159,163,000 $ 4,357,000
Cost of revenues      
Cost of revenues - energy, hosting and other (72,717,000) (27,491,000) (3,851,000)
Cost of revenues - depreciation and amortization (78,709,000) (14,904,000) (3,064,000)
Total cost of revenues (151,426,000) (42,395,000) (6,915,000)
Operating expenses      
General and administrative expenses (56,739,000) (174,355,000) (6,404,000)
Legal reserves (26,131,000)
Impairment of deposits due to vendor bankruptcy filing (24,661,000)
Impairment of digital assets (173,215,000) (30,329,000)
Impairment of patents (919,000)
Impairment of mining equipment and advances to vendors (332,933,000) (871,000)
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets (14,460,000) 557,000 15,000
Gain on sale of equipment, net of disposals 83,880,000
Realized and unrealized gains (losses) on digital assets held within Investment Fund (85,017,000) 74,696,000
Total operating expenses (630,195,000) (129,431,000) (7,260,000)
Operating income (loss) (663,868,000) (12,663,000) (9,818,000)
Other non-operating income (loss) 1,283,000 (287,000) (607,000)
Impairment of loan and investment due to vendor bankruptcy filing (31,013,000)
Interest expense (14,980,000) (1,570,000) (21,000)
Income (loss) before income taxes (708,578,000) (14,520,000) (10,446,000)
Income tax benefit (expense) 21,838,000 (22,576,000) (2,000)
Net income (loss) $ (686,740,000) $ (37,096,000) $ (10,448,000)
Net loss per share, basic and diluted: $ (6.05) $ (0.37) $ (0.13)
Weighted average shares outstanding, basic and diluted: 113,467,837 99,337,587 81,408,340
Other comprehensive income (loss)      
Foreign currency translation adjustments $ (451,000)
Comprehensive income (loss) $ (686,740,000) $ (37,547,000) $ (10,448,000)