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 |
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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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- Definition Cost of goods and services energy hosting and other. No definition available.
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- Definition General and administrative expenses. No definition available.
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- Definition Increase decrease in fair value of digital currencies held in fund. No definition available.
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X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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