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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 99,495 $ 209,841
Prepaid expenses 11,400 13,819
Cryptocurrencies 191 0
Total current assets 111,086 223,660
Deposits on equipment 207,164 114,857
Property and equipment, net 15,178 5,124
Security deposits 11,362 10,352
Investment in equity investee 7,373  
Right-of-use asset 5,718  
Deferred investment cost   174
Total assets 357,881 354,167
Current liabilities    
Accounts payable 1,991 242
Accounts payable, related party 3,863  
Operating lease liability, current portion 557  
Accrued expenses 3,611 257
Total current liabilities 10,022 499
Operating lease liability, net of current portion 5,276  
Warrant liability 89 137
Total liabilities 15,387 636
Commitments and contingencies (Note 11)
Stockholders' equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of March 31, 2022 and December 31, 2021
Common stock, $0.001 par value, 500,000,000 shares authorized, 253,685,763 and 252,131,679 shares issued as of March 31, 2022 and December 31, 2021, respectively, and 250,174,273 and 249,279,420 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 254 252
Additional paid-in capital 431,899 425,438
Treasury stock, at par, 3,511,490 and 2,852,259 shares at March 31, 2022 and December 31, 2021, respectively (4) (3)
Accumulated deficit (89,655) (72,156)
Total stockholders' equity 342,494 353,531
Total liabilities and stockholders' equity $ 357,881 $ 354,167