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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Dec. 31, 2020
CNY (¥)
¥ / shares
shares
Revenues        
Mining revenue ¥ 218,639 $ 31,700 ¥ 21,688  
Leases revenue     7,556 ¥ 18,963
Other revenues 705 102 347 901
Total Revenues 4,378,907 634,882 4,986,706 447,686
Cost of revenues (2,831,107) (410,472) (2,135,961) (409,922)
Gross profit 1,547,800 224,410 2,850,745 37,764
Operating expenses:        
Research and development expenses (546,642) (79,256) (332,846) (140,041)
Sales and marketing expenses (62,966) (9,129) (100,467) (19,980)
General and administrative expenses (580,523) (84,168) (589,107) (131,624)
Impairment on cryptocurrency (52,959) (7,678)    
Total operating expenses (1,243,090) (180,231) (1,022,420) (291,645)
Income (loss) from operations 304,710 44,179 1,828,325 (253,881)
Interest income 15,938 2,311 7,310 3,153
Change in fair value of warrant liability 24,598 3,566 190,178 0
Investment income 0   277 5,844
Interest expense       (3,587)
Foreign exchange gains, net 242,957 35,225 17,890 2,419
Other income, net 22,156 3,212 6,410 30,958
Income (loss) before income tax expense 610,359 88,493 2,050,390 (215,094)
Income tax expense (124,002) (17,979) (50,108) 0
Net income (loss) 486,357 70,514 2,000,282 (215,094)
Foreign currency translation adjustment, net of nil tax 97,081 14,075 (22,145) (24,238)
Total comprehensive income (loss) ¥ 583,438 $ 84,589 ¥ 1,978,137 ¥ (239,332)
Weighted average number of shares used in per Class A and Class B ordinary share calculation:        
- Basic | shares 2,560,106,403 2,560,106,403 2,521,667,815 2,345,703,779
- Diluted | shares 2,577,892,069 2,577,892,069 2,576,157,247 2,345,703,779
Net earnings (loss) per Class A and Class B ordinary share (cent per share)        
- Basic | (per share) ¥ 19.00 $ 2.75 ¥ 79.32 ¥ (9.17)
- Diluted | (per share) ¥ 18.87 $ 2.74 ¥ 77.65 ¥ (9.17)
Share-based compensation expenses were included in:        
Share-based compensation expenses ¥ 407,397 $ 59,067 ¥ 491,461 ¥ 2,950
Cost of revenues        
Share-based compensation expenses were included in:        
Share-based compensation expenses 990 144 269  
Research and development expenses        
Share-based compensation expenses were included in:        
Share-based compensation expenses 66,065 9,579 99,173 652
Sales and marketing expenses        
Share-based compensation expenses were included in:        
Share-based compensation expenses 16,263 2,358 8,240 41
General and administrative expenses        
Share-based compensation expenses were included in:        
Share-based compensation expenses 324,079 46,987 383,779 2,257
Product        
Revenues        
Revenues ¥ 4,159,563 $ 603,080 4,956,891 427,522
Maintenance service revenue        
Revenues        
Revenues     ¥ 224 ¥ 300