DIGITAL ASSETS

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

DIGITAL ASSETS

4. DIGITAL ASSETS

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

	September 30, 2023		September 30, 2022
Digital assets, beginning of period	$	724	$	234,298
Digital asset mining revenue, net of receivables*	278,100		323,337
Mining proceeds from shared hosting	10,321		—
Proceeds from sales of digital assets	(287,769)		(350,795)
Gain from sales of digital assets	2,351		25,007
Impairment of digital assets	(2,864)		(212,184)
Payment of board fee	(304)		—
Digital assets, end of period	$	559	$	19,663

* As of September 30, 2023, there was $0.9 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 $0.6 million and $0.7 million, at September 30, 2023 and December 31, 2022, respectively.

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