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Stronghold Digital Mining, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19
   10-K10-KS-1
OPERATING REVENUES:     
Operating revenues  30.94.19,045.7
            Operating revenues growth  650.7%-100.0% 
OPERATING EXPENSES:     
Fuel  13.20.4 
Operations and maintenance  15.53.3 
General and administrative  15.02.3 
Depreciation and amortization  7.60.6 
Loss on disposal of fixed assets  0.10.0 
Realized gain on sale of digital currencies  0.10.0 
Realized loss on sale of miner assets  0.10.0 
Impairments on digital currencies  1.9  
Impairments on equipment deposits  1.9  
    Total operating expenses  106.413.1 
    NET OPERATING LOSS  -22.2-2.4-1,831.6
            Operating margin  -71.8%-58.4%-20.2%
   
OTHER INCOME (EXPENSE):     
Interest expense  -4.6-0.2 
Loss on debt extinguishment  0.60.0 
Changes in fair value of warrant liabilities  -1.1  
Changes in fair value of forward sale derivative  -1.3  
Other  0.00.0 
    Total other income (expense)  -5.12.3173.0
    NET LOSS  -27.3-0.1 
NET LOSS attributable to noncontrolling interest  -15.8  
    Net loss attributable to Stronghold Digital Mining, Inc.   -0.1-1,658.7
   
NET LOSS attributable to Class A common shareholders:     
Basic (in USD per share)  ($2.03)  
Diluted (in USD per share)  ($2.03)  
   
Weighted average number of Class A common shares outstanding:     
Basic (in shares)  5.5  
Diluted (in shares)  5.5  

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