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New words:
advisor, Antminer, attorney, Avalon, Bitmain, Black, Bruno, Champion, Civ, civil, COA, Cohen, Committee, Commonwealth, conclusion, custody, dedication, DEP, deposit, Distributed, effectuate, employment, enhance, FASB, forfeiture, forthcoming, found, founded, Goodwill, Governor, Hearing, highest, immaterial, inspection, Jessica, Josh, Krynock, LLP, Lung, maximize, motivate, negligence, nuisance, Parker, Peak, penalty, pending, Philadelphia, plaintiff, prefunded, pro, prohibited, proposal, prospective, PUC, punitive, Puro, reconciliation, register, registered, registering, Registry, reserve, resettlement, retail, retired, retrospective, review, reviewing, Safety, Saver, Shapiro, shareholder, Shirley, single, speculation, stockholder, Subtopic, sync, timetable, Title, Topic, unrealized, Vinson, Watershed, withdraw, write
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active, amend, annum, back, bearing, brokerage, calculated, calibrated, calibration, Cantaloupe, consideration, consummation, curtail, curtailed, designate, drawn, eliminated, equaled, exahash, execution, extinguishing, fifteenth, forward, grow, importing, indexed, initially, interval, listed, mandatory, manner, maximum, Measurement, mitigate, negotiate, netted, NYDIG, organizing, pandemic, person, physically, policy, premium, ramp, ready, reclassification, reclassified, reclassify, regulated, responsibility, return, rolled, scaling, Semiconductor, shipment, shipping, stability, subsidy, test, today, transferred, transitioned, trend, twenty, undertook, unsecured, updated, upside, upward
Financial report summary
?Competition
MGT Capital Investments • TeraWulf • Riot Platforms • Mawson Infrastructure • Marathon Digital • Bit Digital • Cipher Mining • Core Scientific Inc - Ordinary Shares • Argo Blockchain • Greenidge Generation Holdings Inc - Ordinary SharesRisks
- Our strategic review process may not result in entering into or completing a transaction, and the process of reviewing strategic alternatives or its conclusion could adversely affect our stock price.
Management Discussion
- Revenues decreased by $35.3 million for the twelve months ended December 31, 2023, as compared to the same period in 2022, primarily due to a $39.6 million decrease in energy revenues driven by lower prevailing market prices and increased consumption of self-generated electricity due to the expansion of cryptocurrency operations partially offset by a $14.2 million increase in cryptocurrency hosting revenues due to the hosting agreement with Foundry Digital, LLC (the "Foundry Hosting Agreement") which began in November 2022, and the Canaan Bitcoin Mining Agreement which began in May 2023. Capacity revenues decreased by $4.0 million due to both plants strategically reducing exposure to the capacity markets and the resulting cost-capping and operational requirements in the day-ahead market by PJM.