v3.24.1.1.u2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total revenues $ 7,490,000 $ 5,076,000
Operating expenses    
Cost of revenues (excluding depreciation shown below) 4,837,000 2,737,000
General and administrative expenses 2,461,000 1,354,000
Stock-based compensation 208,000 (1,152,000)
Impairment of digital assets 1,000
Unrealized gain on digital assets (1,703,000)
Realized gain on disposition of digital assets (157,000)
Depreciation expense 3,247,000 3,981,000
Total operating expenses 9,050,000 6,764,000
Loss from operations (1,560,000) (1,688,000)
Other expense    
Unrealized (loss) gain on marketable securities (216,000) 63,000
Realized gain from use of digital assets 2,881,000
Loss on asset disposal (53,000)
Change in fair value of notes payable (9,638,000) (8,189,000)
Other income 266,000
Interest expense (330,000) (190,000)
Total other expense (10,184,000) (5,222,000)
Loss before provision for income taxes (11,744,000) (6,910,000)
Provision for income taxes
Net loss $ (11,744,000) $ (6,910,000)
Net loss per share, basic and diluted (in Dollars per share) $ (0.36) $ (0.28)
Weighted average shares outstanding – basic and diluted (in Shares) 32,436,759 24,872,947
Mining activities    
Revenues    
Total revenues $ 7,490,000 $ 4,840,000
Management services    
Revenues    
Total revenues $ 236,000

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