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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUE:        
Total revenue $ 20,879 $ 21,885 $ 50,746 $ 73,966
OPERATING COSTS AND EXPENSES:        
Selling, general and administrative 6,662 7,789 22,724 27,889
Depreciation 3,383 13,511 10,368 21,701
Impairment of long-lived assets 4,000 0 4,000 71,500
Gain on sale of assets 0 759 (1,752) 130
Remeasurement of environmental liability 1,600 0 1,600 11,109
Total operating costs and expenses 31,000 40,494 73,171 178,080
Operating loss (10,121) (18,609) (22,425) (104,114)
OTHER EXPENSE, NET:        
Interest expense, net (3,040) (5,430) (9,725) (15,692)
Gain (loss) on sale of digital assets 0 0 398 (15)
Other income (expense), net 0 126 (4) 164
Total other expense, net (3,040) (5,304) (9,331) (15,543)
Loss from continuing operations before income taxes (13,161) (23,913) (31,756) (119,657)
Provision for income taxes 0 0 0 15,038
Net loss from continuing operations (13,161) (23,913) (31,756) (134,695)
(Loss) income from discontinued operations, net of tax (1,078) 736 (696) 3,207
Net loss $ (14,239) $ (23,177) $ (32,452) $ (131,488)
(Loss) income per basic share:        
Loss per basic share from continuing operations (in dollars per share) $ (1.81) $ (5.66) $ (5.01) $ (32.36)
(Loss) income per basic share from discontinued operations (in dollars per share) (0.15) 0.17 (0.11) 0.77
Loss per basic share (in dollars per share) (1.96) (5.49) (5.12) (31.59)
(Loss) income per diluted share:        
Loss per diluted share from continuing operations (in dollars per share) (1.81) (5.66) (5.01) (32.36)
(Loss) income per diluted share from discontinued operations (in dollars per share) (0.15) 0.17 (0.11) 0.77
Loss per diluted share (in dollars per share) $ (1.96) $ (5.49) $ (5.12) $ (31.59)
Average Shares Outstanding        
Basic (in shares) 7,262,000 4,224,000 6,341,000 4,162,000
Diluted (in shares) 7,262,000 4,224,000 6,341,000 4,162,000
Datacenter Hosting        
REVENUE:        
Total revenue $ 12,136 $ 0 $ 28,740 $ 0
OPERATING COSTS AND EXPENSES:        
Cost of revenue 9,432 0 20,830 0
Cryptocurrency Mining        
REVENUE:        
Total revenue 6,602 18,272 17,033 61,571
OPERATING COSTS AND EXPENSES:        
Cost of revenue 4,458 14,675 10,639 34,796
Power and capacity        
REVENUE:        
Total revenue 2,141 3,613 4,973 12,395
OPERATING COSTS AND EXPENSES:        
Cost of revenue $ 1,465 $ 3,760 $ 4,762 $ 10,955