SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets that total to the amounts shown in the consolidated statements of cash flows (in thousands):


	December 31, 2023		December 31, 2022
Cash and cash equivalents	$	54,439	$	1,279
Restricted cash	—		7,044
Cash, cash equivalents and restricted cash	$	54,439	$	8,323

Schedule of Cash Flow, Supplemental Disclosures

The following table shows supplemental cash flow information (in thousands):


	Year Ended December 31,
	2023		2022
Supplemental disclosure of noncash activities:
Right-of-use asset obtained in exchange for lease obligation	$	—	$	11,223
Contribution of plant and equipment or deposits on plant and equipment to joint venture	$	35,792	$	11,267
Deferred financing costs in accounts payable or other accrued liabilities	$	—	$	249
Common stock issuance costs in accounts payable	$	—	$	131
Preferred stock issuance costs in other accrued liabilities or accounts payable	$	—	$	293
Purchases of and deposits on plant and equipment in accounts payable, accrued construction liabilities, other accrued liabilities and long-term debt	$	5,182	$	8,451
Purchases of and deposits on plant and equipment with digital currency	$	437	$	—
Investment in joint venture in other accrued liabilities, other amounts due to related parties and long-term debt	$	452	$	5,203
Convertible promissory notes converted to common stock	$	4,666	$	—
Convertible promissory note deferred issuance costs in accounts payable	$	—	$	104
Common stock issued for share based liabilities due to related party	$	15,000	$	—
Common stock issued pursuant to operating lease amendment	$	—	$	11,489
Common stock issued for payment on convertible promissory note	$	—	$	168
Common stock warrants issued for long-term debt commitment fee	$	—	$	1,967
Common stock warrants issued for discount on long-term debt	$	16,036	$	6,348
Decrease to investment in joint venture and increase in plant and equipment for distribution or transfer of nonmonetary assets	$	6,868	$	51,978
Decrease to investment in joint venture due to bitcoin received as distribution from investee	$	21,949	$	—
Common stock reacquired in exchange for warrants	$	12,491	$	—
Change in fair value of embedded conversion feature of convertible promissory note in additional paid-in capital	$	—	$	1,591