v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 113,675 $ 103,705
Restricted cash 14,286 8,800
Digital assets 234,412 121,842
Other receivable 759 18
Deposits 7,508 2,350
Prepaid expenses and other current assets 51,797 40,833
Total current assets 422,437 277,548
Property and equipment, net 783,865 273,026
Advances to vendors 7,351 488,299
Investments 99,918 37,000
Long-term deposits 55,070 40,903
Long-term prepaids 4,037 8,317
Right-of-use assets 559 1,276
Digital assets, restricted 68,875
Total long-term assets 950,800 917,696
TOTAL ASSETS 1,373,237 1,195,244
Current liabilities:    
Accounts payable 7,150 1,312
Accrued expenses 20,390 22,295
Legal reserve payable 1,171
Operating lease liabilities 174 326
Current portion of accrued interest 623 1,011
Total current liabilities 28,337 26,115
Long-term liabilities:    
Notes payable 734,231 732,289
Term loan 49,882
Operating lease liabilities 423 1,017
Total long-term liabilities 734,654 783,188
Stockholders’ Equity:    
Common stock, 0.0001 par value, 200,000,000 shares authorized; 174,209,038 and 145,565,916 issued and outstanding at June 30, 2023 and December 31, 2022, respectively 17 15
Additional paid-in capital 1,461,188 1,226,267
Accumulated deficit (866,709) (840,341)
Total stockholders’ equity 594,496 385,941
TOTAL LIABILITIES, SERIES A PREFERRED STOCK AND STOCKHOLDERS’ EQUITY 1,373,237 1,195,244
Series A Preferred Stock [Member]    
Long-term liabilities:    
Series A Preferred Stock, 0.0001 par value, 50,000,000 shares authorized, 15,000 and no shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively (outstanding at redemption value) $ 15,750

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