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SEGMENT REPORTING
12 Months Ended
Dec. 31, 2022
SEGMENT REPORTING  
SEGMENT REPORTING

26. SEGMENT REPORTING

The Group is engaged in blockchain business including the operation of cryptocurrency mining and NFT business. The Group reports the operating segments based on cryptocurrency mining and NFT business. The Group’s chief operating decision maker is the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. The Group measures the performance of its operating segments based on revenue and income (loss) from operations.

The following tables present information about the Group’s reportable segments for the years ended December 31, 2022, 2021 and 2020:

Year ended December 31, 2022:

Cryptocurrency Mining

NFT Business

    

Corporate

    

Total

    

RMB

    

USD

    

RMB

    

USD

RMB

    

USD

    

RMB

    

USD

(Note 3)

(Note 3)

(Note 3)

(Note 3)

Revenue

101,782,024

14,757,006

10,034,353

1,454,844

7,071,502

1,025,272

118,887,879

17,237,122

Loss from operations

(397,933,746)

(57,694,970)

(275,269,814)

(39,910,371)

(288,402,652)

(41,814,454)

(961,606,212)

(139,419,795)

Prepayments and other current asset

254,603,252

36,914,002

17,884,326

2,592,983

272,487,578

39,506,985

Cryptocurrencies, net

62,669,034

9,086,156

3,672,619

532,480

66,341,653

9,618,636

Property, equipment and software, net

128,975,415

18,699,677

13,872,222

2,011,284

142,847,637

20,710,961

Year ended December 31, 2021:

Cryptocurrency Mining

NFT Business

Corporate

Total

    

RMB

    

USD

    

RMB

    

USD

    

RMB

    

USD

    

RMB

    

USD

Revenue

 

134,122,945

 

21,046,818

 

298,817

 

46,891

1,453,378

 

228,065

 

135,875,140

 

21,321,774

Loss from operations

 

(67,252,412)

 

(10,553,371)

 

(20,413,919)

 

(3,203,389)

(229,113,810)

 

(35,952,957)

 

(316,780,141)

 

(49,709,717)

Prepayments and other current asset

394,533,886

61,910,976

116,390,410

18,264,195

17,184,991

2,696,700

528,109,288

82,871,871

Cryptocurrencies, net

86,118,349

13,513,848

86,118,349

13,513,848

Property, equipment and software, net

171,169,287

26,860,196

1,810,997

284,185

172,980,284

27,144,381

Year ended December 31, 2020:

Cryptocurrency Mining

NFT Business

Corporate

Total

    

RMB

    

USD

    

RMB

    

USD

    

RMB

    

USD

    

RMB

    

USD

Revenue

 

 

 

 

625,488

 

95,860

 

625,488

 

95,860

Loss from operations

 

 

 

 

336,708,307

 

51,602,806

 

336,708,307

 

51,602,806