Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Reportable Segments and Operating Income

The following table details revenue and cost of revenues for the Company's reportable segments for the three and nine months ended September 30, 2021 and 2020, and reconciles to net income (loss) on the condensed interim consolidated statements of operations:

38

Riot Blockchain, Inc. and Subsidiaries

Notes to the Condensed Interim Consolidated Financial Statements

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Reportable segment revenue:
Revenue, net - cryptocurrency mining	$	53,590		$	2,437		$	108,213		$	6,717
Revenue, net - data center hosting		11,193			-			14,067			-
Other revenue		25			25			73			73
Total segment and consolidated revenue		64,808			2,462			122,353			6,790
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below):
Cost of revenues - cryptocurrency mining		13,034			1,302			29,893			4,149
Cost of revenues - data center hosting		12,581			-			16,317			-
Total segment and consolidated cost of revenues (exclusive of depreciation and amortization shown below)		25,615			1,302			46,210			4,149
Reconciling Items:
Acquisition-related costs		(552	)		-			(18,894	)		-
Selling, general and administrative		(40,307	)		(2,000	)		(47,971	)		(7,964	)
Depreciation and amortization		(12,207	)		(1,267	)		(20,791	)		(2,761	)
Change in fair value of derivative asset		9,920			-			27,456			-
Change in fair value of contingent consideration		(259	)		-			(444	)		-
Impairment of long-term investment		-			-			-			(9,413	)
Impairment of cryptocurrencies		-			-			(17,507	)		(989	)
Reversal of registration rights penalty		-			-			-			1,358
Gain (loss) on sale of equipment		-			(5	)		-			31
Interest income		40			12			295			27
Other income (expense)		(85	)		(2	)		1,425			(5	)
Realized gain on sale/exchange of long-term investment		-			-			26,260			-
Realized gain on sale/exchange of cryptocurrencies		65			385			94			491
Unrealized loss on marketable equity securities		(11,151	)		-			(10,812	)		-
Deferred income tax expense		-			-			(3,730	)		-
Net income (loss)	$	(15,343	)	$	(1,717	)	$	11,524		$	(16,584	)