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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 88,675 $ 86,105
Prepaid expenses and other current assets 2,910 3,670
Bitcoin 123,307 32,978
Derivative asset 34,228 31,878
Total current assets 250,230 155,498
Property and equipment, net 238,541 243,815
Deposits on equipment 30,187 30,812
Intangible assets, net 8,162 8,109
Investment in equity investees 52,621 35,258
Derivative asset 66,722 61,713
Operating lease right-of-use asset 6,823 7,077
Security deposits 23,855 23,855
Total assets 677,141 566,137
Current liabilities    
Accrued expenses and other current liabilities 18,661 22,439
Finance lease liability, current portion 3,595 3,404
Operating lease liability, current portion 1,204 1,166
Warrant liability   250
Total current liabilities 30,980 33,793
Asset retirement obligation 18,708 18,394
Finance lease liability 10,121 11,128
Operating lease liability 6,025 6,280
Deferred tax liability 10,383 5,206
Total liabilities 76,217 74,801
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of March 31, 2024 and December 31, 2023
Common stock, $0.001 par value, 500,000,000 shares authorized, 312,649,102 and 296,276,536 shares issued as of March 31, 2024 and December 31, 2023, respectively, and 306,543,330 and 290,957,862 shares outstanding as of March 31, 2024, and December 31, 2023, respectively 313 296
Additional paid-in capital 697,494 627,822
Accumulated deficit (96,877) (136,777)
Treasury stock, at par, 6,105,772 and 5,318,674 shares at March 31, 2024 and December 31, 2023, respectively (6) (5)
Total stockholders' equity 600,924 491,336
Total liabilities and stockholders' equity 677,141 566,137
Related party    
Current assets    
Accounts receivable 430 245
Current liabilities    
Accounts payable   1,554
Nonrelated Party    
Current assets    
Accounts receivable 680 622
Current liabilities    
Accounts payable $ 7,520 $ 4,980