DIGITAL ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

DIGITAL ASSETS

4. DIGITAL ASSETS

Activity related to our digital asset balances for the six months ended June 30, 2023 and 2022 was as follows (in thousands):

	June 30, 2023		June 30, 2022
Digital assets, beginning of period	$	724	$	234,298
Digital asset mining revenue, net of receivables*	194,917		242,842
Mining proceeds from shared hosting	4,610		—
Proceeds from sales of digital assets	(199,646)		(246,249)
Gain from sales of digital assets	1,988		13,971
Impairment of digital assets	(2,183)		(204,198)
Payment of board fee	(89)		—
Digital assets, end of period	$	321	$	40,664

* As of June 30, 2023, there was $1.0 million of digital asset receivable included in prepaid expenses and other current assets on the consolidated balance sheets.

Digital assets are available to be sold as a source of funds, if needed, for current operations and are classified as current assets on the Company’s Consolidated Balance Sheets. The Company had total digital assets of $0.3 million and $0.7 million, at June 30, 2023 and December 31, 2022, respectively.

The Company does not have any off-balance sheet holdings of digital assets.