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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,741 $ 11,927
Prepaid expenses and other current assets 2,260 7,254
Bitcoin 10,536 6,283
Derivative asset 25,786 21,071
Total current assets 42,317 47,735
Property and equipment, net 267,790 191,784
Deposits on equipment 1,675 73,018
Investment in equity investees 33,098 37,478
Derivative asset 49,466 45,631
Operating lease right-of-use asset 4,635 5,087
Security deposits 17,742 17,730
Total assets 416,723 418,463
Current liabilities    
Accrued expenses and other current liabilities 22,746 19,353
Finance lease liability, current portion 11,189 2,567
Operating lease liability, current portion 1,087 1,030
Warrant liability 66 7
Total current liabilities 38,695 40,326
Asset retirement obligation 17,538 16,682
Finance lease liability 10,836 12,229
Operating lease liability 3,936 4,494
Deferred tax liability 2,508 1,840
Total liabilities 73,513 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 June 30, 2023 and December 31, 2022
Common stock, $0.001 par value, 500,000,000 shares authorized, 254,795,626 and 251,095,305 shares issued as of June 30, 2023 and December 31, 2022, respectively, and 250,413,891 and 247,551,958 shares outstanding as of June 30, 2023 and December 31, 2022, respectively 254 251
Additional paid-in capital 473,471 453,854
Accumulated deficit (130,511) (111,209)
Treasury stock, at par, 4,381,735 and 3,543,347 shares at June 30, 2023 and December 31, 2022, respectively (4) (4)
Total stockholders' equity 343,210 342,892
Total liabilities and stockholders' equity 416,723 418,463
Related party    
Current assets    
Accounts receivable 1,614 1,102
Current liabilities    
Accounts payable 1,554 3,083
Nonrelated Party    
Current assets    
Accounts receivable 380 98
Current liabilities    
Accounts payable $ 2,053 $ 14,286