XML 102 R87.htm IDEA: XBRL DOCUMENT v3.23.1
SUBSEQUENT EVENTS (Details)
1 Months Ended 11 Months Ended 12 Months Ended
Apr. 01, 2024
USD ($)
$ / shares
shares
Mar. 23, 2023
USD ($)
item
Mar. 16, 2023
USD ($)
Mar. 15, 2023
USD ($)
Mar. 01, 2023
USD ($)
shares
Feb. 23, 2023
item
$ / shares
shares
Jan. 30, 2023
USD ($)
$ / shares
shares
Feb. 28, 2023
USD ($)
$ / shares
shares
Oct. 31, 2022
USD ($)
$ / shares
shares
Apr. 30, 2022
USD ($)
$ / shares
shares
Mar. 31, 2022
USD ($)
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Apr. 01, 2025
Mar. 31, 2023
USD ($)
Mar. 30, 2023
USD ($)
Feb. 22, 2023
shares
Aug. 27, 2022
Dec. 01, 2021
USD ($)
Mar. 31, 2021
$ / shares
shares
Feb. 28, 2021
$ / shares
shares
SUBSEQUENT EVENTS                                          
Common stock par value | $ / shares                       $ 0.001 $ 0.001             $ 0.001 $ 0.001
Common stock shares authorized                       200,000,000 200,000,000             200,000,000 200,000,000
Preferred stock par value | $ / shares                       $ 0.001 $ 0.001             $ 0.001 $ 0.001
Preferred stock shares authorized                       25,000,000 25,000,000             25,000,000 25,000,000
Warrants to purchase shares                 2,667,678                        
Warrant exercise price (in dollars per share) | $ / shares                 $ 1.93                        
Aggregate purchase price of shares | $                 $ 9,400,000     $ 104,318,000 $ 58,860,000                
Number of shares of common stock                 7,481,747                        
Proceeds from issuance of common stock | $                 $ 5,100,000     $ 104,376,000 $ 47,326,000                
Nautilus Joint Venture                                          
SUBSEQUENT EVENTS                                          
Ownership interest in the Joint Venture                         25.20%         33.00%      
Private Placement                                          
SUBSEQUENT EVENTS                                          
Aggregate purchase price of shares | $                   $ 5,000,000.0 $ 2,100,000                    
Number of shares of common stock                   634,517 271,447                    
Offering                                          
SUBSEQUENT EVENTS                                          
Common stock par value | $ / shares                   $ 0.001                      
Number of shares of common stock                   2,985,966                      
Proceeds from issuance of common stock | $                   $ 20,600,000                      
Term Loan                                          
SUBSEQUENT EVENTS                                          
Principal amount of debt | $                                     $ 123,500,000    
New Convertible Promissory Note                                          
SUBSEQUENT EVENTS                                          
Unpaid interest converted into shares of common stock                     3,134,932                    
New Convertible Promissory Note | Private Placement                                          
SUBSEQUENT EVENTS                                          
Aggregate gross sales price | $             $ 5,000,000                            
Second A&R Nautilus Agreement | Nautilus Joint Venture                                          
SUBSEQUENT EVENTS                                          
Estimated power costs funding period   1 month                                      
Budgeted expenditures funding period   2 months                                      
Subsequent Events                                          
SUBSEQUENT EVENTS                                          
Number of proposals approved | item           2                              
Common stock par value | $ / shares           $ 0.001                              
Common stock shares authorized           400,000,000                     200,000,000        
Preferred stock par value | $ / shares           $ 0.001                              
Preferred stock shares authorized           100,000,000                     25,000,000        
Number of shares of common stock         40,764,706                                
Proceeds from issuance of common stock | $         $ 26,600,000                                
Balance at bank | $                               $ 900,000          
Subsequent Events | Beowulf E&D                                          
SUBSEQUENT EVENTS                                          
Annual based fee payable | $                             $ 8,460,000            
Subsequent Events | Offering                                          
SUBSEQUENT EVENTS                                          
Share price (in dollars per share) | $ / shares               $ 0.68                          
Number of shares of common stock               36,764,706                          
Term of over allotment option               30 days                          
Number of additional shares granted               5,514,705                          
Number of common stock elected to purchase               4,000,000                          
Subsequent Events | New Convertible Promissory Note                                          
SUBSEQUENT EVENTS                                          
Interest rate                           4.00%              
Subsequent Events | New Convertible Promissory Note | Private Placement                                          
SUBSEQUENT EVENTS                                          
Principal amount of debt | $             $ 1,250,000                            
Subsequent Events | Term Sheet | Term Loan                                          
SUBSEQUENT EVENTS                                          
Repayments of debt | $ $ 40,000,000.0                                        
Subsequent Events | Term Sheet | Minimum | Term Loan                                          
SUBSEQUENT EVENTS                                          
Aggregate net proceeds issuance of equity or equity-linked securities | $       $ 33,500,000                                  
Subsequent Events | Warrant agreement                                          
SUBSEQUENT EVENTS                                          
Proceeds from additional capital raise | $     $ 5,000,000.0                                    
Subsequent Events | Warrant agreement | Penny Warrants                                          
SUBSEQUENT EVENTS                                          
Warrants to purchase shares 26,666,669                                        
Percentage of common stock on fully diluted equity 10.00%                                        
Warrant exercise price (in dollars per share) | $ / shares $ 0.01                                        
Subsequent Events | Warrant agreement | Dollar Warrants                                          
SUBSEQUENT EVENTS                                          
Warrants to purchase shares 13,333,333                                        
Percentage of common stock on fully diluted equity 5.00%                                        
Warrant exercise price (in dollars per share) | $ / shares $ 1.00                                        
Subsequent Events | Warrant subscription agreement | Warrant Investors | Private Placement                                          
SUBSEQUENT EVENTS                                          
Warrants to purchase shares             1                            
Warrants issued             2,380,952                            
Warrant exercise price (in dollars per share) | $ / shares             $ 0.00001                            
Subsequent Events | Warrant subscription agreement | January 2023 Warrants | Private Placement                                          
SUBSEQUENT EVENTS                                          
Aggregate net proceeds issuance of equity or equity-linked securities | $             $ 2,500,000                            
Share price (in dollars per share) | $ / shares             $ 1.05                            
Number of shares of common stock             2,380,952                            
Subsequent Events | Exchange Agreement                                          
SUBSEQUENT EVENTS                                          
Number of preferred shares converted             12,000,000                            
Subsequent Events | New Exchange Warrants                                          
SUBSEQUENT EVENTS                                          
New exchange warrants issued             12,000,000                            
Strike price | $ / shares             $ 0.00001                            
Subsequent Events | Subscription agreements with February Common Stock Investors                                          
SUBSEQUENT EVENTS                                          
Share price (in dollars per share) | $ / shares               $ 0.68                          
Number of shares of common stock               1,386,467                          
Proceeds from private placement | $               $ 886,000                          
Subsequent Events | Second A&R Nautilus Agreement | Nautilus Joint Venture                                          
SUBSEQUENT EVENTS                                          
Ownership interest in the Joint Venture   25.00%                                      
Bitcoin distributions, number of weeks | $   2                                      
Number of managers appointed | item   1                                      
Maximum operating capacity (MW) | $   200                                      
Total operating capacity | $   300                                      
Subsequent Events | Second A&R Nautilus Agreement | Nautilus Joint Venture | Talen                                          
SUBSEQUENT EVENTS                                          
Ownership interest in the Joint Venture   75.00%                                      
Maximum increase in operating capacity | $   100                                      
Subsequent Events | Second A&R Nautilus Agreement | Nautilus Joint Venture | Cumulus                                          
SUBSEQUENT EVENTS                                          
Number of managers appointed | item   4