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Cost of Revenue (Tables) | 6 Months Ended
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Jun. 30, 2023
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization [Abstract] |
Summary of cost of revenue (excluding depreciation and amortization) | The following table presents cost of revenue (excluding depreciation and amortization) by category (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Cryptocurrency expenses |  | $ | 153,193 |  |  | $ | 135,240 |  |  | $ | 280,854 |  |  | $ | 262,579 |
Floorspace lease expenses |  |  | 8,749 |  |  |  | 10,178 |  |  |  | 17,782 |  |  |  | 20,367 |
Kiosk operations expenses |  |  | 5,300 |  |  |  | 3,795 |  |  |  | 9,907 |  |  |  | 7,536 |
Total Cost of Revenue (excluding depreciation and amortization reported separately) |  | $ | 167,242 |  |  | $ | 149,213 |  |  | $ | 308,543 |  |  | $ | 290,482 |
Summary of components of cryptocurrency expenses | The following table presents the components of cryptocurrency expenses (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Cost of Cryptocurrency (1) - BTM Kiosk |  | $ | 152,783 |  |  | $ | 134,310 |  |  | $ | 279,874 |  |  | $ | 258,763 |
Cost of Cryptocurrency (1) - OTC |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,958 |
Cost of Cryptocurrency (1) - BDCheckout |  |  | 206 |  |  |  | 7 |  |  |  | 515 |  |  |  | 7 |
Software Processing Fees |  |  | 54 |  |  |  | 872 |  |  |  | 259 |  |  |  | 1,727 |
Exchange Fees |  |  | 2 |  |  |  | 25 |  |  |  | 20 |  |  |  | 58 |
Mining Fees |  |  | 144 |  |  |  | 26 |  |  |  | 177 |  |  |  | 66 |
Software Processing Fee - BDCheckout |  |  | 4 |  |  |  | — |  |  |  | 9 |  |  |  | — |
Total cryptocurrency expenses |  | $ | 153,193 |  |  | $ | 135,240 |  |  | $ | 280,854 |  |  | $ | 262,579 |
| (1) | Cost of Cryptocurrency includes impairment losses recognized on cryptocurrencies net of any gains recognized from sales of cryptocurrencies on an exchange. Impairment of $2.4 million and $2.1 million were offset by gains from the sale of cryptocurrencies on exchange of $0.1 million and $0 million for the three months ended June 30, 2023 and 2022, respectively. Impairment of $4.6 million and $5.3 million were offset by gains from the sale of cryptocurrencies on exchange of $0.1 and $1.0 million for the six months ended June 30, 2023 and 2022, respectively.
Summary of reconciles amounts excluded from the cost of revenue | The following table reconciles amounts excluded from the cost of revenue (excluding depreciation and amortization) caption in the consolidated Statements of Income (Loss) and Comprehensive Income (Loss) included in total depreciation and amortization expense in the consolidated Statements of Income (Loss) and Comprehensive Income (Loss) for the period presented (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Depreciation of owned BTM kiosks |  | $ | 193 |  |  | $ | 734 |  |  | $ | 875 |  |  | $ | 1,464 |
Depreciation of leased BTM kiosks |  |  | 2,852 |  |  |  | 3,687 |  |  |  | 4,514 |  |  |  | 7,375 |
Amortization of intangible assets |  |  | 378 |  |  |  | 373 |  |  |  | 752 |  |  |  | 746 |
Total depreciation and amortization excluded from cost of revenue |  |  | 3,423 |  |  |  | 4,794 |  |  |  | 6,141 |  |  |  | 9,585 |
Other depreciation and amortization included in operating expenses |  |  | 76 |  |  |  | 8 |  |  |  | 154 |  |  |  | 17 |
Total depreciation and amortization |  | $ | 3,499 |  |  | $ | 4,802 |  |  | $ | 6,295 |  |  | $ | 9,602 |

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