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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
5 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,083) $ (31,852)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt issuance costs and accretion of debt discount   4,435
Stock-based compensation expense   482
Depreciation   204
Increase in digital currency from mining   (1,214)
Impairment of digital currency   563
Equity in net loss of investee, net of tax 140 1,872
Loss from operations of discontinued operations, net of tax   3,536
Changes in operating assets and liabilities:    
Increase in prepaid expenses (1,933) (2,864)
Decrease (increase) in amounts due from related parties (272) 647
Increase in other current assets (11) (344)
Decrease in right-of-use asset 12 41
Increase in other assets   (951)
(Decrease) increase in accounts payable 1,510 (2,486)
Decrease in accrued construction liabilities   (3,892)
Increase in other accrued liabilities 1,880 1,162
Increase in other amounts due to related parties 32 982
(Decrease) increase in operating lease liability 9 (42)
Net cash used in operating activities from continuing operations (4,716) (29,721)
Net cash used in operating activities from discontinued operations   (45)
Net cash used in operating activities (4,716) (29,766)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investments in joint venture, including direct payments made on behalf of joint venture (30,390) (36,367)
Reimbursable payments for deposits on plant and equipment made on behalf of a joint venture or joint venture partner (29,640) (11,622)
Reimbursement of payments for deposits on plant and equipment made on behalf of a joint venture or joint venture partner 29,640 11,540
Reimbursement from joint venture partner for deposits on plant and equipment contributed to the joint venture 11,850  
Purchase of and deposits on plant and equipment (25,023) (39,238)
Net cash used in investing activities (43,563) (75,687)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from insurance premium financing   4,706
Principal payments on insurance premium financing   (3,127)
Proceeds from issuance of common stock, net of issuance costs paid of $142 and $0 30,000 34,075
Proceeds from issuance of preferred stock, net of issuance costs paid of $0 and $0 50,000 9,566
Proceeds from issuance of convertible promissory note, net of issuance costs paid of $300 and $0   14,700
Net cash provided by financing activities 80,000 59,920
Net change in cash and cash equivalents and restricted cash 31,721 (45,533)
Cash and cash equivalents and restricted cash at beginning of period 0 46,455
Cash and cash equivalents and restricted cash at end of period $ 31,721 922
Cash paid during the period for:    
Interest   $ 4,946