Georgia: The Best State to Mine Bitcoin
Income Statement FYE-22 ($ in thousands, except per value and share amounts)
Q1-22
December 31, 2021
Q2-22
March 31, 2022
Q3-22
June 30, 2022
Q4-22
September 30, 2022
FYE-22
September 30, 2022
36,975
$
36,965
$
30,942
$
26,118
$
131,000
150
233
87
55
$
37,125
$
37,198
$
31,029
$
26,173
$
525
131,525
Revenue, net
Bitcoin mining revenue, net
$
Other services revenue
Total revenue, net
Costs and expenses
Cost of revenues
(exclusive of depreciation and amortization shown below)
Professional fees
Payroll expenses
General and administrative expenses
(Gain) loss on disposal of assets
Other impairment expense (related to bitcoin)
Impairment expense - other
Impairment expense - goodwill
Realized (gain) loss on sale of bitcoin
Depreciation and amortization
Total costs and expenses
Income (loss) from operations
Other income
Change in fair value of contingent consideration
Realized gain on sale of equity security
Unrealized loss on equity security
Unrealized gain (loss) on derivative security
Interest income
Interest expense
Total other income (expense)
NASDAQ: CLSK
5,636
8,684
10,288
16,626
41,234
3,102
1,059
1,428
880
6,469
7,328
8,806
8,076
16,710
40,920
1,816
2,773
2,119
3,716
10,424
278
(921)
(643)
6,222
812
4,418
758
12,210
250
250
12,048
12,048
(9,995)
2,734
5,235
(541)
(2,567)
7,427
10,452
14,781
16,385
49,045
$
21,814
$
34,399
$
46,345
$
66,832
$
169,390
15,311
2,799
308
55
291
1
(2)
299
33
(53)
$
333
$
(15,316)
(40,659)
(37,865)
308
(40)
306
1
(2)
(1,410)
52
(1,033)
52
194
54
(8)
(314)
(703)
(767)
$
(1,295)
$
(495)
$
(1,950)
191
(1,078)
(2,224)
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