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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 3,922 $ 11,927
Accounts receivable 281 98
Receivables, related party 1,291 1,102
Prepaid expenses and other current assets 4,279 7,254
Bitcoin 9,576 6,283
Derivative asset 17,129 21,071
Total current assets 36,478 47,735
Property and equipment, net 263,027 191,784
Deposits on equipment 1,143 73,018
Investment in equity investees 34,529 37,478
Derivative asset 54,901 45,631
Operating lease right-of-use asset 4,865 5,087
Security deposits 17,742 17,730
Total assets 412,685 418,463
Current liabilities    
Accounts payable 10,667 14,286
Accounts payable, related party 1,554 3,083
Accrued expenses and other current liabilities 17,341 19,353
Finance lease liability, current portion 2,638 2,567
Operating lease liability, current portion 1,058 1,030
Warrant liability 44 7
Total current liabilities 33,302 40,326
Asset retirement obligation 17,110 16,682
Finance lease liability 11,542 12,229
Operating lease liability 4,218 4,494
Deferred tax liability 1,893 1,840
Total liabilities 68,065 75,571
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of March 31, 2023 and December 31, 2022
Common stock, $0.001 par value, 500,000,000 shares authorized, 253,050,088 and 251,095,305 shares issued as of March 31, 2023 and December 31, 2022, respectively, and 248,906,007 and 247,551,958 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 253 251
Additional paid-in capital 462,181 453,854
Accumulated deficit (117,810) (111,209)
Treasury stock, at par, 4,144,081 and 3,543,347 shares at March 31, 2023 and December 31, 2022, respectively (4) (4)
Total stockholders' equity 344,620 342,892
Total liabilities and stockholders' equity $ 412,685 $ 418,463