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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue - bitcoin mining $ 31,224   $ 53,119  
Costs and operating expenses (income)        
Cost of revenue 15,868   24,009  
General and administrative 21,335 $ 16,704 38,755 $ 34,094
Depreciation 14,412 8 26,067 15
Change in fair value of derivative asset (3,222)   (8,550)  
Power sales (5,651)   (5,749)  
Equity in losses of equity investees 1,431 12,079 2,181 12,232
Realized gain on sale of bitcoin (4,185)   (8,206)  
Impairment of bitcoin 2,828 535 4,633 539
Other gains     (2,260)  
Total costs and operating expenses 42,816 29,326 70,880 46,880
Operating loss (11,592) (29,326) (17,761) (46,880)
Other income (expense)        
Interest income 25 44 101 51
Interest expense (485)   (886)  
Change in fair value of warrant liability (22) 63 (59) 111
Other expense (12)   (12)  
Total other income (expense) (494) 107 (856) 162
Loss before taxes (12,086) (29,219) (18,617) (46,718)
Current income tax expense (31)   (48)  
Deferred income tax expense (584)   (637)  
Total income tax expense (615)   (685)  
Net loss $ (12,701) $ (29,219) $ (19,302) $ (46,718)
Net loss per share - basic $ (0.05) $ (0.12) $ (0.08) $ (0.19)
Net loss per share - diluted $ (0.05) $ (0.12) $ (0.08) $ (0.19)
Weighted average shares outstanding - basic 249,127,664 247,730,410 248,892,181 248,945,581
Weighted average shares outstanding - diluted 249,127,664 247,730,410 248,892,181 248,945,581