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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 86,105 $ 11,927
Prepaid expenses and other current assets 3,670 7,254
Bitcoin 32,978 6,283
Derivative asset 31,878 21,071
Total current assets 155,498 47,735
Property and equipment, net 243,815 191,188
Deposits on equipment 30,812 73,018
Intangible assets, net 8,109 596
Investment in equity investees 35,258 37,478
Derivative asset 61,713 45,631
Operating lease right-of-use asset 7,077 5,087
Security deposits 23,855 17,730
Total assets 566,137 418,463
Current liabilities    
Accrued expenses and other current liabilities 22,439 19,353
Finance lease liability, current portion 3,404 2,567
Operating lease liability, current portion 1,166 1,030
Warrant liability 250 7
Total current liabilities 33,793 40,326
Asset retirement obligation 18,394 16,682
Finance lease liability 11,128 12,229
Operating lease liability 6,280 4,494
Deferred tax liability 5,206 1,840
Total liabilities 74,801 75,571
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of December 31, 2023 and December 31,2022 0 0
Common stock, $0.001 par value, 500,000,000 shares authorized, 296,276,536 and 251,095,305 shares issued as of December 31, 2023 and December 31, 2022, respectively, and 290,957,862 and 247,551,958 shares outstanding as of December 31, 2023, and December 31, 2022, respectively 296 251
Additional paid-in capital 627,822 453,854
Accumulated deficit (136,777) (111,209)
Treasury stock, at par, 5,318,674 and 3,543,347 shares at December 31, 2023 and December 31, 2022, respectively (5) (4)
Total stockholders' equity 491,336 342,892
Total liabilities and stockholders' equity 566,137 418,463
Nonrelated Party    
Current assets    
Accounts receivable 622 98
Current liabilities    
Accounts payable 4,980 14,286
Related party    
Current assets    
Accounts receivable 245 1,102
Current liabilities    
Accounts payable $ 1,554 $ 3,083