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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
8 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,305) $ (65,840)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt issuance costs, commitment fees and accretion of debt discount   7,468
Common stock issued for interest expense   82
Stock-based compensation expense   1,050
Depreciation   1,719
Increase in digital currency from mining   (3,561)
Impairment of digital currency   682
Realized gain on sale of digital currency   (127)
Proceeds from sale of digital currency   2,946
Loss on nonmonetary miner exchange   804
Equity in net loss of investee, net of tax 328 14,611
Loss from discontinued operations, net of tax   4,437
Changes in operating assets and liabilities:    
Increase in prepaid expenses (2,568) (1,218)
Decrease in amounts due from related parties   647
Increase in other current assets (56) (1,129)
Decrease in right-of-use asset 32 53
Increase in other assets (567) (879)
Increase in accounts payable 1,547 3,575
Decrease in accrued construction liabilities   (3,892)
Increase in other accrued liabilities 2,813 4,522
Increase in other amounts due to related parties 1,440 2,417
Decrease in deferred tax liabilities, net   (256)
Increase in operating lease liability 26 185
Net cash used in operating activities from continuing operations (9,310) (31,704)
Net cash used in operating activities from discontinued operations   (1,303)
Net cash used in operating activities (9,310) (33,007)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investments in joint venture, including direct payments made on behalf of joint venture (51,483) (37,997)
Reimbursable payments for deposits on plant and equipment made on behalf of a joint venture or joint venture partner (38,466) (11,741)
Reimbursement of payments for deposits on plant and equipment made on behalf of a joint venture or joint venture partner 38,466 11,716
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 (30,463) (50,549)
Proceeds from sale of net assets held for sale   13,500
Net cash used in investing activities (70,096) (75,071)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt, net of issuance costs paid of $38 and $0   14,962
Proceeds from insurance premium financing   4,854
Principal payments on insurance premium financing   (4,724)
Proceeds from issuance of common stock, net of issuance costs paid of $142 and $0 30,000 36,828
Proceeds from issuance of preferred stock 50,000 9,566
Proceeds from issuance of convertible promissory note   14,700
Principal payments on convertible promissory note   (2,832)
Net cash provided by financing activities 80,000 73,354
Net change in cash and cash equivalents and restricted cash 594 (34,724)
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 $ 594 11,731
Cash paid during the period for:    
Interest   $ 9,220