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Digital Assets, Net
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Digital Assets, Net

Note 3 – Digital Assets, Net

During the six months ended June 30, 2022 and 2021, we purchased and/or received an immaterial amount and $1.50 billion, respectively, of digital assets. As of June 30, 2022, we have converted approximately 75% of our purchases into fiat currency. During the three and six months ended June 30, 2022, we recorded impairment loss of $170 million as well as realized gains of $64 million in connection with converting our holdings of digital assets into fiat currency. During the six months ended June 30, 2021, we realized gains of $128 million in connection with converting our holdings of digital assets into fiat currency. During the three and six months ended June 30, 2021, we recorded $23 million and $50 million, respectively, of impairment losses on such digital assets. The gains are presented net of impairment losses in Restructuring and other in the consolidated statements of operations. As of June 30, 2022 and December 31, 2021, the carrying value of our digital assets held was $218 million and $1.26 billion, which reflects cumulative impairments of $169 million and $101 million, each period, respectively. The fair market value of such digital assets held as of June 30, 2022 was $222 million.