v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 101,210 $ 103,705
Restricted cash 8,800
Digital assets 286,801 121,842
Other receivable 1,193 18
Deposits 7,104 2,350
Prepaid expenses and other current assets 36,338 40,833
Total current assets 432,646 277,548
Property and equipment, net 741,659 273,026
Advances to vendors 23,964 488,299
Investments 103,038 37,000
Long-term deposits 57,820 40,903
Long-term prepaids 24,152 8,317
Right-of-use assets 501 1,276
Digital assets, restricted 68,875
Total long-term assets 951,134 917,696
TOTAL ASSETS 1,383,780 1,195,244
Current liabilities:    
Accounts payable 15,219 1,312
Accrued expenses 21,702 22,295
Legal reserve payable 1,171
Operating lease liabilities 150 326
Accrued interest 1,102 1,011
Total current liabilities 38,173 26,115
Long-term liabilities:    
Notes payable 325,266 732,289
Term loan 49,882
Operating lease liabilities 388 1,017
Total long-term liabilities 325,654 783,188
Stockholders’ Equity:    
Preferred stock, 0.0001 par value, 50,000,000 shares authorized and no shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively
Common stock, 0.0001 par value, 500,000,000 shares authorized; 210,184,718 and 145,565,916 issued and outstanding at September 30, 2023 and December 31, 2022, respectively 21 15
Additional paid-in capital 1,822,504 1,226,267
Accumulated deficit (802,572) (840,341)
Total stockholders’ equity 1,019,953 385,941
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,383,780 $ 1,195,244

Source