Segment Reporting

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Information

The Company has two operating segments, (1) Digital Mining and (2) Service and Product. The relevant guidance requires that segment disclosures present the measure(s) used by the chief operating decision maker to decide how to allocate resources and for purposes of assessing such segments’ performance.

The Digital Mining segment generates revenue from the digital currency the Company earns through its bitcoin mining activities. The Service and Product segment generates revenue from customer contracts for service and extended service contract and the sale of products related to the Company’s data storage product line.

Digital Mining Segment

The Company generates its digital mining revenue from one mining pool operator. The Company’s revenue from digital mining is generated in the United States.

For the three months ended March 31, 2023 and 2022, the Company had one supplier of mining equipment.

Service and Product Segment

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

	Three Months Ended March 31,
	2023		2022
Customer A	23.7	%	21.4	%
Customer B	14.9	%	11.4	%
Customer C	10.9	%	—	%

The Company’s revenue from service and product is generated in the United States.

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

	March 31, 2023		December 31, 2022
Customer A	28.3	%	22.7	%
Customer B	24.8	%	10.2	%
Customer C	18.9	%	15.2	%
Customer D	13.1	%	10.5	%
Customer E	—	%	14.5	%