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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 34,927 $ 7,144
Restricted cash 27 30
Digital assets 10,250 0
Accounts receivable 257 0
Notes receivable, net of allowance for credit losses of $4,555 at December 31, 2025 343 0
Inventory, net (see Note 4) 3,258 27,486
Deposits (see Note 5) 10,499 31,094
Other current assets (see Note 5) 8,963 6,127
Total current assets 68,524 71,881
Property, plant and equipment, net 155,303 348,587
Operating lease right-of-use assets, net 4,950 1,761
Intangible assets, net 4,639 1,042
Goodwill 25,764 0
Other non-current assets (see Notes 4 and 5) 18,682 2,129
Total assets 277,862 425,400
Current liabilities    
Accounts payable 57,277 71,414
Accrued expenses and other current liabilities 58,678 56,754
Other financing liabilities, current portion 951 761
Operating lease liabilities, current portion 1,443 2,128
Total current liabilities 148,171 192,707
Other financing liabilities, long term portion 46,867 38,698
Operating lease liabilities, long term portion 3,471 14
Other liabilities 2,042 1,287
Total liabilities 270,103 310,433
Commitments and Contingencies (Note 12)
Stockholders equity (deficit)    
Preferred stock 0 0
Additional paid-in capital 4,673,866 4,421,563
Accumulated other comprehensive income 3,817 7,744
Accumulated deficit (4,705,042) (4,314,346)
Total stockholders’ equity (deficit) attributable to the Company (27,338) 114,967
Noncontrolling interest 35,097 0
Total stockholders' equity (deficit) 7,759 114,967
Total liabilities and stockholders’ equity (deficit) 277,862 425,400
Level 3    
Current assets    
Digital assets 0  
Level 2    
Current assets    
Digital assets 10,250  
Nonrelated Party    
Current liabilities    
Accrued expenses and other current liabilities 45,499 45,677
Warrant liabilities 1,950 28,864
Accrued interest 0 25
Notes payable, current portion 4,432 4,224
Notes payable, long term portion 56,234 45,264
Derivative call options 10,042 29,709
Related Party    
Current liabilities    
Accrued expenses and other current liabilities 13,179 11,077
Accrued interest 19,933 23,227
Notes payable, current portion 3,507 5,310
Notes payable, long term portion 772 2,754
Derivative call options 2,504 0
Class A Common Stock    
Stockholders equity (deficit)    
Common stock 21 6
Class B Common Stock    
Stockholders equity (deficit)    
Common stock 0 0
Series B Preferred Stock    
Stockholders equity (deficit)    
Preferred stock $ 0 $ 0