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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Revenue            
Other revenue $ 0 $ 15 $ 0 $ 79 $ 0 $ 462
Total revenue, net 4,711 4,754 10,532 9,213 19,624 22,355
Operating expenses            
Cost of revenues (excluding depreciation and amortization) 3,086 3,273 6,575 6,614 13,670 12,233
Depreciation and amortization 949 1,540 2,043 3,111 5,540 7,128
Compensation and related taxes 1,737 2,122 3,986 4,122 7,349 10,575
Professional and consulting fees 3,848 791 5,759 1,946 2,939 5,420
General and administrative 1,054 734 2,354 1,392 3,036 4,605
Loss on contingency         217 0
Gain on extinguishment—non-debt related 0 0 0 (375) (375) 0
Impairment of cryptocurrencies 0 97 0 144 285 6,026
Impairment of property and mining equipment         0 95
Unrealized loss (gain) on fair value of cryptocurrency, net 63 0 (46) 0    
Realized (gain) loss on sale of cryptocurrencies 50 (110) (12) (229) (351) (3,998)
Total operating expenses 10,787 8,447 20,659 16,725 32,310 42,084
Gain (loss) on disposal of property and equipment 0 281 0 1,480 1,059 (16)
Loss from operations (6,076) (3,412) (10,127) (6,032) (11,627) (19,745)
Other income (expense)            
Gain on extinguishment of debt 45,053 0 45,053 0 (25,081) (51,079)
Debt issuance costs         (4,000) 0
Change in fair value of warrant liability and warrant derivative 17 (1,834) 3,384 (3,624) 59,662 22,948
Gain on termination of warrant         0 139
Other income, net of other expense 0 453 0 453 453 200
Interest expense, net (6,248) (6,416) (13,203) (13,009) (34,001) (14,367)
Total other income (expense) 38,822 (7,797) 35,234 (16,180) (2,967) (42,159)
Income (loss) before income taxes 32,746 (11,209) 25,107 (22,212) (14,594) (61,904)
Income tax expense (benefit) 8,037 (396) 6,876 (167) 4,063 (298)
Net income (loss) $ 24,709 $ (10,813) $ 18,231 $ (22,045) $ (18,657) $ (61,606)
Basic net income (loss) per share $ 0.35 $ (0.2) $ 0.26 $ (0.41) $ (0.34) $ (1.28)
Diluted net income (loss) per share $ 0.35 $ (0.2) $ 0.26 $ (0.41) $ (0.34) $ (1.28)
Basic weighted average number of shares outstanding 70,941,844 54,251,858 69,311,667 54,041,426 54,769,568 48,044,313
Diluted weighted average number of shares outstanding 70,941,844 54,251,858 69,311,667 54,041,426 54,769,568 48,044,313
Cryptocurrency mining revenue [Member]            
Revenue            
Cryptocurrency mining revenue, net of mining pool operator fees $ 2,255 $ 2,055 $ 5,475 $ 3,669 $ 9,137 $ 13,477
Mining services revenue [Member]            
Revenue            
Cryptocurrency mining revenue, net of mining pool operator fees $ 2,456 $ 2,684 $ 5,057 $ 5,465 $ 10,487 $ 8,416