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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Q2) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities          
Loss for the periods $ (49,827) $ (25,194) $ (60,366) $ 82,643 $ (55,826)
Revenues recognized on acceptance of cryptocurrencies (153,526) (156,640) (304,962) (333,668) (170,228)
Depreciation and amortization 36,223 29,251 66,424 63,055 112,037
Listing fee 33,151        
Share-based payment expenses 21,847 54,425 90,648 88,355  
(Gain) / loss on disposal of property, plant and equipment 51 (554) (662) (56) (66)
Changes in fair value of financial assets at fair value through profit or loss (2,238)   841    
Net gain on disposal of financial assets at fair value through profit or loss     (213)    
Loss on disposal of mining machines 572   497 36 2,984
Loss / (gain) on disposal of cryptocurrencies (471) 2,230 3,131 (18,725) (2,716)
Change in fair value of cryptocurrency lent       3,735  
Impairment charges (1) 561   2,567 4,236
Loss on foreign currency transactions 2,335 3,903 2,881 226 (618)
Gain on extinguishment of debt       (880)  
Gain on settlement of balance with Bitmain       (4,468)  
Loss on disposal of subsidiaries       8  
Interest income (4,074) (777) (4,291) (2,947) (419)
Interest expense on bank loan       3 6
Interest accretion on lease liabilities 1,299 1,132 2,425 1,217 817
Interest expense on convertible debt 1,390 1,374 2,778 1,223  
Gain on lease modification       (205) (6)
Income tax expenses / (benefit) (2,807) 7,975 (4,400) 48,246 (7,961)
Changes in:          
Restricted cash 2,017   (1,184) (2,971) (2,622)
Trade receivables (800) (12,569) (5,350) (13,258)  
Prepayments and other assets (39,622) (24,393) (21,913) (4,070) (5,381)
Mining machines held for sale 4 571 1,002 5,957 17,440
Amounts due from a related party 90 212 337 (413)  
Trade payables 862 (2,382) (6,018) 12,508 512
Deferred revenue (52) (6,369) (9,159) 6,782 (2,151)
Amounts due to a related party (189)   297 19  
Other payables and accruals (4,836) (3,055) 1,299 12,667 1,670
Cash used in operating activities: (158,602) (130,299) (245,958) (52,414) (108,292)
Interest paid on leases (1,299) (1,132) (2,425) (1,217) (842)
Interest paid on convertible debt (1,207) (1,207) (2,433) (1,080)  
Interest received 4,074 422 2,791 2,202 340
Income tax paid (95) (19,629) (20,012) (19) (382)
Income tax refunded       62  
Net cash used in operating activities (157,129) (151,845) (268,037) (52,466) (109,176)
Cash flows from investing activities          
Purchase of property, plant and equipment, investment properties and intangible assets (24,609) (49,800) (63,200) (62,882) (19,851)
Purchase of mining machines (62,510)     (26,611) (124,033)
Purchase of financial assets at fair value through profit or loss (1,400) (10,750) (61,550)    
Proceeds from disposal of financial assets at fair value through profit or loss 31,111   1,213    
Purchase of cryptocurrencies   (186,006) (285,990) (60,045)  
Loans to related parties     (322) (32,166) (161,000)
Repayments from a related party   923 1,087 21,698 194,353
Lending to a third party (62) (1,226) (2,546)    
Proceeds from disposal of property, plant and equipment 29 597      
Proceeds from disposal of property, plant and equipment and intangible assets     962 877 159
Proceeds from disposal of cryptocurrencies 125,240 351,265 560,988 568,553 173,063
Proceeds from disposal of mining machines         51
Collection of receivables from previously disposed subsidiaries   9,881 9,881 (14,855)  
Cash paid for asset acquisition, net of cash acquired     (26,730)    
Net cash generated from investing activities 67,799 114,884 133,793 394,569 62,742
Cash flows from financing activities          
Proceeds from bank loan         871
Capital element of lease rentals paid (2,632) (1,623) (3,884) (4,181) (4,517)
Capital contribution received from related party         420,000
Deemed distribution to related parties       (10,943) (394,772)
Repayments of borrowings from related parties       (29,302)  
Proceeds from convertible debt       30,000  
Borrowings from related parties         9,194
Net payment related to Business Combination (7,651)        
Net cash generated from / (used in) financing activities (10,283) (1,623) (3,884) (14,426) 30,776
Net (decrease) / increase in cash and cash equivalents (99,613) (38,584) (138,128) 327,677 (15,658)
Cash and cash equivalents at January 1 231,362 372,088 372,088 44,753 59,826
Effect of movements in exchange rates on cash and cash equivalents held (1,546) (2,734) (2,598) (342) 585
Cash and cash equivalents at December 31/June 30 $ 130,203 $ 330,770 $ 231,362 $ 372,088 $ 44,753