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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE:        
Total revenue $ 13,057,000 $ 14,710,000 $ 32,390,000 $ 29,867,000
OPERATING COSTS AND EXPENSES:        
Selling, general and administrative 4,177,000 7,049,000 9,664,000 16,062,000
Depreciation 3,285,000 3,165,000 6,519,000 6,985,000
Impairment of long-lived assets 0 0 169,000 0
Loss (gain) on digital assets 11,000 0 (48,000) 0
Gain on sale of assets (32,000) (8,000) (32,000) (1,752,000)
Total operating costs and expenses 16,757,000 21,347,000 37,906,000 42,171,000
Operating loss (3,700,000) (6,637,000) (5,516,000) (12,304,000)
OTHER INCOME (EXPENSE), NET:        
Interest expense, net (1,805,000) (3,112,000) (3,607,000) (6,685,000)
Change in fair value of warrant asset 0 0 (420,000) 0
Gain on sale of digital assets 0 0 0 398,000
Other expense, net 0 (4,000) 0 (4,000)
Total other expense, net (1,805,000) (3,116,000) (4,027,000) (6,291,000)
Loss from continuing operations before income taxes (5,505,000) (9,753,000) (9,543,000) (18,595,000)
Benefit from income taxes 0 0 0 0
Net loss from continuing operations (5,505,000) (9,753,000) (9,543,000) (18,595,000)
Income (loss) from discontinued operations, net of tax (63,000) (289,000) 31,000 382,000
Net loss (5,568,000) (10,042,000) (9,512,000) (18,213,000)
Comprehensive Loss        
Net loss (5,568,000) (10,042,000) (9,512,000) (18,213,000)
Foreign currency translation adjustment 0 10,000 (3,000) 27,000
Comprehensive loss $ (5,568,000) $ (10,032,000) $ (9,515,000) $ (18,186,000)
Net (loss) income per share, basic and diluted:        
Net loss per share from continuing operations, basic (in dollars per share) $ (0.55) $ (1.52) $ (0.98) $ (3.17)
Net loss per share from continuing operations, diluted (in dollars per share) (0.55) (1.52) (0.98) (3.17)
(Loss) income per share from discontinued operations, basic (in dollars per share) (0.01) (0.05) 0 0.07
(Loss) income per share from discontinued operations, diluted (in dollars per share) (0.01) (0.05) 0.00 0.07
Net loss per share, basic (in dollars per share) (0.56) (1.57) (0.98) (3.10)
Net loss per share, diluted (in dollars per share) $ (0.56) $ (1.57) $ (0.98) $ (3.10)
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]        
Basic (in shares) 9,966,000 6,399,000 9,730,000 5,874,000
Diluted (in shares) 9,966,000 6,399,000 9,730,000 5,874,000
Datacenter hosting        
REVENUE:        
Total revenue $ 6,645,000 $ 9,660,000 $ 15,757,000 $ 16,604,000
OPERATING COSTS AND EXPENSES:        
Cost of revenue 4,685,000 6,727,000 11,703,000 11,398,000
Cryptocurrency mining        
REVENUE:        
Total revenue 4,775,000 3,980,000 11,774,000 10,431,000
OPERATING COSTS AND EXPENSES:        
Cost of revenue 3,234,000 2,933,000 6,905,000 6,181,000
Power and capacity        
REVENUE:        
Total revenue 1,487,000 1,070,000 4,524,000 2,832,000
OPERATING COSTS AND EXPENSES:        
Cost of revenue 1,297,000 1,481,000 2,843,000 3,297,000
EPCM consulting services        
REVENUE:        
Total revenue 150,000 0 335,000 0
OPERATING COSTS AND EXPENSES:        
Cost of revenue $ 100,000 $ 0 $ 183,000 $ 0