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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUE:        
Total revenue $ 14,710 $ 22,926 $ 29,867 $ 52,081
OPERATING COSTS AND EXPENSES:        
Selling, general and administrative 7,049 8,291 16,062 20,100
Depreciation 3,165 4,537 6,985 8,190
Impairment of long-lived assets 0 71,500 0 71,500
Gain on sale of assets (8) (629) (1,752) (629)
Remeasurement of environmental liability 0 11,109 0 11,109
Total operating costs and expenses 21,347 109,644 42,171 137,586
Operating loss (6,637) (86,718) (12,304) (85,505)
OTHER EXPENSE, NET:        
Interest expense, net (3,112) (6,910) (6,685) (10,262)
Gain (loss) on sale of digital assets 0 (10) 398 (15)
Other income (expense), net (4) 22 (4) 38
Total other expense, net (3,116) (6,898) (6,291) (10,239)
Loss from continuing operations before income taxes (9,753) (93,616) (18,595) (95,744)
Provision for income taxes 0 15,419 0 15,038
Net loss from continuing operations (9,753) (109,035) (18,595) (110,782)
(Loss) income from discontinued operations, net of tax (289) 1,153 382 2,471
Net loss $ (10,042) $ (107,882) $ (18,213) $ (108,311)
(Loss) income per basic share:        
Loss per basic share from continuing operations (in dollars per share) $ (1.52) $ (26.24) $ (3.17) $ (26.82)
(Loss) income per basic share from discontinued operations (in dollars per share) (0.05) 0.28 0.07 0.60
Loss per basic share (in dollars per share) (1.57) (25.96) (3.10) (26.22)
(Loss) income per diluted share:        
Loss per diluted share from continuing operations (in dollars per share) (1.52) (26.24) (3.17) (26.82)
(Loss) income per diluted share from discontinued operations (in dollars per share) (0.05) 0.28 0.07 0.60
Loss per diluted share (in dollars per share) $ (1.57) $ (25.96) $ (3.10) $ (26.22)
Average Shares Outstanding        
Basic (in shares) 6,399,000 4,156,000 5,874,000 4,131,000
Diluted (in shares) 6,399,000 4,156,000 5,874,000 4,131,000
Datacenter Hosting        
REVENUE:        
Total revenue $ 9,660 $ 0 $ 16,604 $ 0
OPERATING COSTS AND EXPENSES:        
Cost of revenue 6,727 0 11,398 0
Cryptocurrency Mining        
REVENUE:        
Total revenue 3,980 20,067 10,431 43,299
OPERATING COSTS AND EXPENSES:        
Cost of revenue 2,933 11,664 6,181 20,121
Power and capacity        
REVENUE:        
Total revenue 1,070 2,859 2,832 8,782
OPERATING COSTS AND EXPENSES:        
Cost of revenue $ 1,481 $ 3,172 $ 3,297 $ 7,195