XML 135 R94.htm IDEA: XBRL DOCUMENT v3.24.0.1
SEGMENT REPORTING - Reconciliation of Reportable Segment Gross Profit to Loss Before Income Taxes (Details) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting [Abstract]      
Reportable segment gross profit $ 123,459,000 $ 8,400,000 $ 238,862,000
Loss on legal settlement 0 0 (2,636,000)
Gain from sales of digital assets 3,893,000 44,298,000 4,814,000
Impairment of digital assets (4,406,000) (231,315,000) (37,206,000)
Change in fair value of derivative instruments (3,918,000) 0 0
Impairment of goodwill and other intangibles 0 (1,059,265,000) 0
Impairment of property, plant and equipment 0 (590,673,000) 0
Losses on exchange or disposal of property, plant and equipment (1,956,000) (28,025,000) (118,000)
Operating expenses:      
Research and development 7,184,000 26,962,000 7,674,000
Sales and marketing 7,019,000 12,731,000 4,062,000
General and administrative 93,908,000 213,280,000 60,486,000
Total operating expenses 108,111,000 252,973,000 72,222,000
Operating income (loss) 8,961,000 (2,109,553,000) 131,494,000
Non-operating expense, net:      
Gain (loss) on debt extinguishment (20,065,000) 287,000 8,016,000
Interest expense, net 86,238,000 96,826,000 44,354,000
Fair value adjustment on convertible notes 0 186,853,000 16,047,000
Fair value adjustment on derivative warrant liabilities 0 (37,937,000) 0
Reorganization items, net 191,122,000 (197,405,000) 0
Other non-operating (income) expenses, net (2,530,000) 5,232,000 2,000
Total non-operating expense, net 254,765,000 53,856,000 68,419,000
(Loss) income before income taxes $ (245,804,000) $ (2,163,409,000) $ 63,075,000