Investor Presentaiton
Income Statement
(000s unless otherwise stated)
Revenues
Direct costs
Depreciation of mining equipment
Three months ended June 30, 2022¹
$
$14,396
Six months ended June 30, 2022¹
£
$
£
£11,838
$32,470
£26,700
(5,307)
(4,364)
(9,563)
(7,864)
(6,750)
(5,551)
(13,197)
(10,852)
Change in fair value of digital currencies
(38,179)
(31,395)
(43,810)
(36,025)
Realized gain on sale of digital currencies
(7,787)
(6,403)
(7,749)
(6,372)
Gross Profit
($43,627)
(£35,874)
($41,849)
(£34,413)
Gross Margin
-303%
-303%
-129%
-129%
Operating costs and expenses
Consulting fees
(33)
(233)
(192)
Professional fees
General and administrative
Share based payment
Foreign exchange
Operating profit
(1,278)
(1,051)
(2,447)
(2,012)
(6,599)
(5,428)
(9,295)
(7,642)
(2,106)
(1,732)
(3,424)
(2,816)
7,199
5,920
12,484
($46,452)
(£38,198)
Other income/(expense)
Interest expense
(1,966)
Gain on sale of investment
322
(1,617)
265
($44,764)
(4,228)
162
Fair value (loss) of investment
(345)
(284)
(345)
10,265
(£36,810)
(3,477)
133
(284)
Revaluation of contingent consideration
2,371
1,950
4,910
4,038
Equity accounted loss from associate
(596)
(490)
(596)
(490)
Total other income/(expense)
($214)
(£176)
($97)
(£80)
Income tax credit
7,658
6,297
7,766
6,386
Net income²
($39,008)
(£32,077)
($37,095)
(£30,504)
Other comprehensive income, net of tax
Total comprehensive income
(84)
($39,092)
(69)
(£32,146)
(15,986)
($53,081)
(13,145)
(£43,649)
18
1. Figures translated at a USD/GBP rate of 1.2161. 2. Net income = Profit after taxation.
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