SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022

The table below presents information about reportable segments for the three and nine months ended September 30, 2022 and 2021, respectively:


	Three Months Ended September 30,				Nine Months Ended September 30,
$ in thousands	2022		2021		2022		2021
Revenues:
Cryptocurrency Datacenter and Power Generation	$	21,885	$	34,233	$	73,966	$	61,472
Support Services	7,474		1,521		24,387		1,521
Total Revenues	$	29,359	$	35,754	$	98,353	$	62,993

Segment Adjusted EBITDA (loss)
Cryptocurrency Datacenter and Power Generation	$	(3,669)	$	20,973	$	3,886	$	33,464
Support Services	1,381		204		5,282		204
Total Segments Adjusted EBITDA (loss)	$	(2,288)	$	21,177	$	9,168	$	33,668

Reconciliation of Total of Segments Adjusted EBITDA to Consolidated (Loss) Income Before Income Taxes

In addition, the table below provides a reconciliation of the total of the Segments Adjusted EBITDA to the consolidated (loss) income before income taxes:


	Three Months Ended September 30,				Nine Months Ended September 30,
$ in thousands	2022		2021		2022		2021
Total Segments Adjusted EBITDA (loss)	$	(2,288)	$	21,177	$	9,168	$	33,668
Depreciation and amortization	(13,835)		(2,667)		(22,680)		(5,531)
Stock-based compensation	(361)		(411)		(1,029)		(1,474)
Merger and other costs	(242)		(29,847)		(940)		(31,095)
Expansion costs	(183)		(128)		(2,375)		(128)
Interest expense, net	(5,430)		(1,009)		(15,693)		(1,399)
Loss on sale of assets	(759)		—		(130)		—
Long-lived asset impairment	—		—		(71,500)		—
Remeasurement of environmental liability	—		—		(11,109)		—
Consolidated loss before income taxes	$	(23,098)	$	(12,885)	$	(116,288)	$	(5,959)