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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Revenue - bitcoin mining $ 48,137 $ 21,895
Costs and operating expenses (income)    
Cost of revenue 14,820 8,141
Compensation and benefits 13,036 11,937
General and administrative 6,077 5,483
Depreciation and amortization 17,244 11,655
Change in fair value of derivative asset (7,359) (5,328)
Power sales (1,173) (98)
Equity in (gains) losses of equity investees (738) 750
Gains on fair value of bitcoin (40,556) (4,264)
Other gains   (2,260)
Total costs and operating expenses (income) 1,351 26,016
Operating income (loss) 46,786 (4,121)
Other income (expense)    
Interest income 786 76
Interest expense (400) (401)
Change in fair value of warrant liability 250 (37)
Other expense (1,958)  
Total other income (expense) (1,322) (362)
Income (loss) before taxes 45,464 (4,483)
Current income tax expense (386) (17)
Deferred income tax expense (5,178) (53)
Total income tax expense (5,564) (70)
Net income (loss) $ 39,900 $ (4,553)
Net income (loss) per share - basic $ 0.13 $ (0.02)
Net income (loss) per share - diluted $ 0.13 $ (0.02)
Weighted average shares outstanding - basic 296,641,499 248,654,082
Weighted average shares outstanding - diluted 304,397,979 248,654,082