QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

IMPACT OF ADOPTION OF ACCOUNTING PRINCIPLE

The following table presents summarized unaudited quarterly financial data from the Consolidated Statements of Comprehensive Income (Loss) for each of the quarters in the periods ended December 31, 2023, based on the Company’s early adoption of ASU 2023-08, as described in Note 4 – Digital Assets. The operating results for any quarter are not necessarily indicative of the results for any subsequent quarter. Basic and diluted net income (loss) per share of common stock calculations for each quarter is based on the weighted average diluted shares outstanding for that quarter and may not sum to the full year total amount presented on our Consolidated Statements of Comprehensive Income (Loss).

	2023
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,
Total revenues	$	51,132	$	81,759	$	97,849	$	156,768
Total margin (total revenues less total cost of revenues)	22		(10,738)		(15,327)		10,700
Operating income (loss)	122,076		(6,068)		(80,160)		185,063
Net income (loss)	118,699		(8,962)		(390)		151,826
Net income (loss) per share of common stock - basic	0.75		(0.07)		—		0.67
Net income (loss) per share of common stock - diluted	0.72		(0.05)		(0.34)		0.66

Additionally, the following table presents summarized unaudited quarterly financial data from the Consolidated Statements of Comprehensive Loss for each of the quarters in the periods ended December 31, 2022, based on the Company’s voluntary change in accounting principle from LIFO to FIFO. The operating results for any quarter are not necessarily indicative of the results for any subsequent quarter. Basic and diluted net loss per share calculations for each quarter is based on the weighted average diluted shares outstanding for that quarter and may not sum to the full year total amount presented on our Consolidated Statements of Comprehensive Loss.

	2022
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,
Total revenues	$	51,723	$	24,923	$	12,690	$	28,417
Total margin (total revenues less total cost of revenues)	25,324		(16,473)		(27,378)		(15,144)
Operating loss	(20,216)		(198,151)		(44,025)		(410,925)
Net loss	(17,109)		(212,626)		(72,462)		(391,598)
Net loss per share - basic and diluted:	(0.17)		(1.94)		(0.62)		(3.12)