v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 324,268 $ 357,313
Digital assets 1,234,695 639,660
Accounts receivable, net 8,368 0
Deposits 40,855 7,240
Prepaid expenses and other current assets 32,574 25,590
Total current assets 1,640,760 1,029,803
Property and equipment, net 802,332 671,772
Advances to vendors 261,140 95,589
Investments 112,203 106,292
Long-term deposits 59,164 59,790
Long-term prepaids 21,055 27,284
Right-of-use assets 7,817 443
Goodwill 30,852 0
Intangible assets, net 21,664 0
Total long-term assets 1,316,227 961,170
TOTAL ASSETS 2,956,987 1,990,973
Current liabilities:    
Accounts payable 33,274 11,343
Accrued expenses 32,242 22,291
Derivative instrument 4,263 0
Operating lease liabilities 1,352 124
Total current liabilities 71,131 33,758
Long-term liabilities:    
Notes payable 326,083 325,654
Operating lease liabilities 13,060 354
Deferred tax liabilities 52,842 15,286
Other long-term liabilities 16,978 0
Total long-term liabilities 408,963 341,294
Stockholders’ Equity:    
Preferred stock, par value $0.0001 per share, 50,000,000 shares authorized and no shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 0 0
Common stock, par value $0.0001 per share, 500,000,000 shares authorized; 268,944,172 shares and 242,829,391 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 27 24
Additional paid-in capital 2,707,333 2,183,537
Accumulated deficit (230,467) (567,640)
Total stockholders’ equity 2,476,893 1,615,921
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,956,987 $ 1,990,973

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