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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Digital asset mining income $ 133,000 $ 9,628
Total revenue 192,519 54,246
Cost of revenue 122,516 39,713
Gross profit 70,003 14,533
Gain from sales of digital assets 2,163 30
Impairment of digital assets (53,985) 0
Operating expenses:    
Research and development 3,340 1,208
Sales and marketing 1,398 534
General and administrative 40,160 3,795
Total operating expenses 44,898 5,537
Operating (loss) income (26,717) 9,026
Non-operating expenses, net:    
Loss on debt extinguishment 0 42
Interest expense, net 21,676 2,135
Fair value adjustments on convertible notes 386,037 0
Fair value adjustments on derivative warrant liabilities (10,275) 0
Other non-operating (income), net (357) 0
Total non-operating expense, net 397,081 2,177
(Loss) income before income taxes (423,798) 6,849
Income tax expense 42,406 0
Net (loss) income $ (466,204) $ 6,849
Net (loss) income per share (Note 13):    
Net loss per share – basic (in dollars per share) $ (1.52) $ 0.04
Net loss per share – diluted (in dollars per share) $ (1.52) $ 0.04
Weighted average shares outstanding:    
Weighted average common shares outstanding - basic (in shares) 307,475 157,786
Weighted average common shares outstanding - diluted (in shares) 307,475 175,964
Hosting Service    
Revenue:    
Cost of revenue $ 31,231 $ 11,829
Hosting Service, Customers    
Revenue:    
Revenue from customers and related parties 27,338 8,356
Hosting Service, Related Parties    
Revenue:    
Revenue from customers and related parties 5,876 4,336
Equipment Sales    
Revenue:    
Cost of revenue 22,535 26,231
Equipment Sales, Customers    
Revenue:    
Revenue from customers and related parties 416 24,042
Equipment Sales, Related Parties    
Revenue:    
Revenue from customers and related parties 25,889 7,884
Digital asset mining    
Revenue:    
Digital asset mining income 133,000 9,628
Cost of revenue $ 68,750 $ 1,653