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v3.22.2.2

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2022
Accounting Policies [Abstract] |
Summary of Property and Equipment | Property and equipment, net consisted of the following (amounts in thousands):
|  | September 30, 2022 |  |  | December 31, 2021 |
Office and computer equipment |  | $ | 88 |  |  | $ | 60 |
Software |  |  | 392 |  |  |  | - |
Furniture and fixtures |  |  | 69 |  |  |  | - |
Miners and mining equipment |  |  | 26 |  |  |  | - |
Construction-in-progress |  |  | 40,192 |  |  |  | 5,069 |
Total cost of property and equipment |  |  | 40,767 |  |  |  | 5,129 |
Less: accumulated depreciation |  |  | (16 | ) |  |  | (5 | )
Property and equipment, net |  | $ | 40,751 |  |  | $ | 5,124 |
Schedule of Reconciliation of Numerator and Denominator of the Diluted Net Income (Loss) Per Share | The following is a reconciliation of the numerator and denominator of the diluted net income (loss) per share computations for the periods indicated below:
|  | Three Months Ended September 30, |  |  | Nine Months Ended |  |  | Eight Months Ended |
|  | 2022 |  |  | 2021 |  |  | September 30, 2022 |  |  | September 30, 2021 |
Basic and diluted income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 59,292 |  |  | $ | (2,421 | ) |  | $ | 12,574 |  |  | $ | (3,082 | )
Weighted average shares outstanding - basic |  |  | 247,508,745 |  |  |  | 217,644,991 |  |  |  | 248,461,373 |  |  |  | 206,708,013 |
Add: |  |  |  |  |  |  |  |  |  |  |  |
RSUs |  |  | 833,455 |  |  |  | - |  |  |  | 321,292 |  |  |  | - |
Weighted average shares outstanding - diluted |  |  | 248,342,200 |  |  |  | 217,644,991 |  |  |  | 248,782,665 |  |  |  | 206,708,013 |
Net income (loss) per share - basic |  | $ | 0.24 |  |  | $ | (0.01 | ) |  | $ | 0.05 |  |  | $ | (0.01 | )
Net income (loss) per share - diluted |  | $ | 0.24 |  |  | $ | (0.01 | ) |  | $ | 0.05 |  |  | $ | (0.01 | )
Computation of Diluted Net Income (Loss) Per Common Share | The following table presents the common shares that are excluded from the computation of diluted net income (loss) per common share at September 30, 2022 and September 30, 2021, because including them would have been antidilutive.
|  | September 30, 2022 |  |  | September 30, 2021 |
Public Warrants |  |  | 8,499,980 |  |  |  | 8,500,000 |
Private Placement Warrants |  |  | 114,000 |  |  |  | 114,000 |
Unvested RSUs |  |  | 15,364,457 |  |  |  | - |
|  |  | 23,978,437 |  |  |  | 8,614,000 |

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