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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended
Mar. 31, 2021
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,676) $ (18,183)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt issuance costs and accretion of debt discount   2,458
Depreciation   4
Impairment of digital currency   5
Equity in net loss of investee, net of tax   788
Loss from operations of discontinued operations, net of tax   2,906
Changes in operating assets and liabilities:    
Increase in digital currency   (217)
Increase in prepaid expenses   (4,449)
Increase in amounts due from related parties   647
Increase in other current assets (5) (34)
Decrease in right-of-use asset   20
Increase in other assets   (848)
(Decrease) increase in accounts payable 38 (6,066)
Decrease in accrued construction liabilities   (3,870)
Increase in other accrued liabilities 203 4,155
Increase in other amounts due to related parties 1,440 1,246
Decrease in operating lease liability   (21)
Net cash used in operating activities from continuing operations   (21,459)
Net cash used in operating activities from discontinued operations   (50)
Net cash used in operating activities   (21,509)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investments in joint venture, including direct payments made on behalf of joint venture   (19,072)
Reimbursable payments for deposits on plant and equipment made on behalf of a joint venture partner   (11,402)
Reimbursement of payments for deposits on plant and equipment made on behalf of a joint venture partner   11,402
Purchase of and deposits on plant and equipment (23,700) (21,488)
Net cash used in investing activities (23,700) (40,560)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds issuance premium financing   4,706
Principal payments on notes payable   (1,559)
Proceeds from issuance of common stock, net of issuance costs paid of $142 and $0 30,000 6,787
Proceeds from issuance of preferred stock, net of issuance costs paid of $0and $0   9,266
Net cash provided by financing activities 30,000 19,200
Net change in cash and cash equivalents and restricted cash 6,300 (42,869)
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 $ 6,300 3,586
Cash paid during the period for:    
Interest   $ 1,427