CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	11 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2022
Cash flows from operating activities
Net loss	$ (72,153)	$ (39,053)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	5	4,378
Amortization of right-of-use assets		772
Share-based compensation	63,765	41,504
Equity in losses of equity investees		36,972
Impairment of bitcoin		1,467
Non-cash lease expense		137
Income tax expense	0	1,840
Bitcoin received as payment for services		(2,939)
Change in fair value of derivative asset		(73,479)
Change in fair value of warrant liability	(22)	(130)
Realized gain on sale of bitcoin		(6)
Changes in assets and liabilities:
Proceeds from power sales		1,721
Proceeds from reduction of scheduled power		5,056
Proceeds from sale of Bitcoin		23
Accounts receivable		(98)
Receivables, related party		(1,102)
Prepaid expenses and other current assets	(13,385)	6,433
Security deposits	(10,352)	(7,378)
Accounts payable	222	892
Accounts payable, related party		1,530
Accrued expenses	254	748
Lease liabilities		(203)
Net cash used in operating activities	(31,666)	(20,915)
Cash flows from investing activities
Deposits on equipment	(114,856)	(188,103)
Purchases of property and equipment	(5,110)	(39,815)
Capital distributions from equity investees		54,009
Payments for deferred investment costs	(174)
Net cash used in investing activities	(120,140)	(173,909)
Cash flows from financing activities
Repurchase of common shares to pay employee withholding taxes	(23,246)	(3,090)
Business Combination, net of issuance costs paid	384,893
Proceeds from borrowings on related party loan	7,038
Repayments under related party loan	(7,038)
Net cash (used in) provided by financing activities	361,647	(3,090)
Net (decrease) increase in cash and cash equivalents	209,841	(197,914)
Cash and cash equivalents, beginning of the period		209,841
Cash and cash equivalents, end of the period	209,841	11,927
Supplemental disclosure of cash flow information
Cash paid for interest	27
Supplemental disclosure of noncash investing and financing activities
Equity method investment acquired for non-cash consideration		127,796
Reclassification of deposits on equipment to property and equipment		105,904
Initial estimate of asset retirement obligation and related capitalized costs		16,509
Right-of-use asset obtained in exchange for finance lease liability		14,998
Deposits on equipment in accounts payable, accounts payable, related party and accrued expenses		13,403
Property and equipment purchases in accounts payable and accounts payable, related party	18	13,994
Common stock cancelled		10,000
Right-of-use asset obtained in exchange for operating lease liability		5,859
Investment in equity investees in accrued expenses		5,316
Bitcoin received from equity investees		4,828
Finance lease costs in accrued expenses		339
Reclassification of deferred investment costs to investment in equity investees		174
Prepaid rent reclassified to operating lease liability		$ 132
Net assets assumed from GWAC in the Business Combination	433
Non-cash fair value of private warrants	$ 261