Cost of Revenue (Tables)

6 Months Ended

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