Revenue:
Revenue of $52.6 million from the mining of digital currencies, including 8,688 Ethereum and 656 Bitcoin; andHosting revenue of $1.0 million earned from the hosting of ASIC miners for clients.
Operating expenses:
Operating and maintenance costs were $7.6 million consisting of fees paid to suppliers including local electricity providers, as well as service provider Blockbase, and includes electricity, daily monitoring and maintenance and all other costs directly related to the maintenance and operation of the data centre equipment; andDepreciation for the quarter of $9.6 million related to the Company's data centre equipment and right of use assets.
Gain on sale of digital currencies:
The Company sold digital currencies and received proceeds of $29.3 million during the three-month period ended September 30, 2021; the Company recognized a gain on sale of $4.7 million in relation to the sale of digital currencies with a cost base of $24.6 million.
Revaluation of digital currencies:
The Company recorded a gain of $18.0 million related to the quarterly revaluation of its portfolio of digital currencies.
Other items:
Share based compensation expense of $1.5 million in relation to the options and restricted share units vested in the period;Foreign exchange loss of $1.9 million; andFinance expense of $0.3 million.$Riot Blockchain(RIOT)$ $Hut 8 Mining(HUT)$