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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summary information by segment (in thousands):

Three months ended June 30, 2023			Digital Mining						Service and Product						Unallocated						Total Consolidated
Revenue			$	4,966					$	500					$	—					$	5,466
Segment gross profit			$	891					$	292					$	—					$	1,183
Segment loss from operations			$	(821)					$	(285)					$	(3,590)					$	(4,696)
Interest expense			—						—						1,173						1,173
Depreciation and amortization			$	1,346					$	3					$	26					$	1,375

Six months ended June 30, 2023			Digital Mining						Service and Product						Unallocated						Total Consolidated
Revenue			$	7,490					$	1,002					$	—					$	8,492
Segment gross profit			$	1,451					$	495					$	—					$	1,946
Segment loss from operations			$	(712)					$	(742)					$	(6,982)					$	(8,436)
Capital expenditures			$	1,561					$	—					$	—					$	1,561
Interest expense			—						—						1,173						1,173
Depreciation and amortization			$	2,331					$	17					$	52					$	2,400

Three months ended June 30, 2022			Digital Mining						Service and Product						Unallocated						Total Consolidated
Revenue			$	1,211					$	710					$	—					$	1,921
Segment gross profit			$	592					$	369					$	—					$	961
Segment loss from operations			$	(4,762)					$	(145)					$	(10,487)					$	(15,394)
Capital expenditures			$	6,265					$	—					$	—					$	6,265
Depreciation and amortization			$	7,425					$	34					$	26					$	7,485

Six months ended June 30, 2022			Digital Mining						Service and Product						Unallocated						Total Consolidated
Revenue			$	1,958					$	1,335					$	—					$	3,293
Segment gross profit			$	984					$	635					$	—					$	1,619
Segment loss from operations			$	(15,412)					$	(397)					$	(14,696)					$	(30,505)
Capital expenditures			$	16,264					$	—					$	—					$	16,264
Depreciation and amortization			$	13,730					$	67					$	52					$	13,849

A summary of segment assets is as follows (in thousands):

As of June 30, 2023			Digital Mining						Service and Product						Unallocated						Total Consolidated
Total assets			$	58,252					$	616					$	12,410					$	71,278

As of December 31, 2022			Digital Mining						Service and Product						Unallocated						Total Consolidated
Total assets			$	63,077					$	689					$	19,250					$	83,016

Service and product had the following customers that represented more than 10% of revenue.

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Customer A			24.7		%				18.9		%				24.2		%				20.1		%
Customer B			13.9		%				14.3		%				14.4		%				13.0		%
Customer C			10.9		%				—		%				10.9		%				—		%

Service and product had the following receivable’s that represented more than 10% of accounts receivable.

			June 30, 2023						December 31, 2022
Customer A			36.2		%				—		%
Customer B			26.7		%				22.7		%
Customer C			17.8		%				15.2		%
Customer D			—		%				10.5		%
Customer E			—		%				14.5		%
Customer F			—		%				10.2		%

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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