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Cryptocurrencies (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of carrying values of cryptocurrencies
The carrying values of cryptocurrencies were the following at June 30, 2023 and December 31, 2022 (in thousands):

 
Cryptocurrency
  
As of
June 30, 2023
 
  
As of
December 31, 2022
 
BTC
   $ 810      $ 523  
ETH
     1        9  
LTC
     —          8  
    
 
 
    
 
 
 
     $ 811      $ 540  
    
 
 
    
 
 
 
Summary of the adjusted cost basis of cryptocurrencies
The following table presents additional information about the adjusted cost basis of cryptocurrencies (in thousands):

 
 
  
BTC
 
  
ETH
 
  
LTC
 
  
Total
 
Beginning balance—January 1, 2023
  
$
523
 
  
$
9
 
  
$
8
 
  
$
540
 
Purchase or receipts of cryptocurrency
     127,530        4        3        127,537  
Cost of cryptocurrencies sold or distributed
     (125,465      (12      (11      (125,488
Impairment of cryptocurrencies
     (2,187      —          —          (2,187
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance—March 31, 2023
   $ 401      $ 1      $ —        $ 402  
    
 
 
    
 
 
    
 
 
    
 
 
 
Purchase or receipts of cryptocurrency
  
 
153,351
 
  
 
 
  
 
—  
 
  
 
153,351
 
Cost of cryptocurrencies sold or distributed
  
 
(150,552
)
 
  
 
 
  
 
—  
 
  
 
(150,552
)
 
Impairment of cryptocurrencies
  
 
(2,390
)
 
  
 
—  
 
  
 
—  
 
  
 
(2,390
)
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Balance—June 30, 2023
  
$
810
 
  
$
1
 
  
$
—  
 
  
$
811
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
 
  
BTC
 
  
ETH
 
  
LTC
 
  
Total
 
Beginning balance—January 1, 2022
  
$
563
 
  
$
5,989
 
  
$
6
 
  
$
6,558
 
Purchase or receipts of cryptocurrency
  
 
128,388
 
  
 
206
 
  
 
847
 
  
 
129,441
 
Cost of cryptocurrencies sold or distributed
  
 
(126,275
)
 
  
 
(2,770
)
 
  
 
(836
)
 
  
 
(129,881
)
 
Impairment of cryptocurrencies
  
 
(1,861
)
 
  
 
(1,358
)
 
  
 
(7
)
 
  
 
(3,226
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance—March 31, 2022
   $ 815      $ 2,067      $ 10      $ 2,892  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchase or receipts of cryptocurrency
     134,378        11        994        135,383  
Cost of cryptocurrencies sold or distributed
     (132,542      (2,073      (999      (135,614
Impairment of cryptocurrencies
     (2,075      —          —          (2,075
    
 
 
    
 
 
    
 
 
    
 
 
 
Balance—June 30, 2022
  
$
576
 
  
$
5
 
  
$
5
 
  
$
586