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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 128,542 $ 117,871
Restricted cash 11,938 13,807
Accounts receivable, net 2,840 1,382
Accounts receivable from related parties 677 300
Deposits for equipment 165,662 358,791
Digital assets 40,664 234,298
Prepaid expenses and other current assets 161,234 30,111
Total Current Assets 511,557 756,560
Property, plant and equipment, net 1,049,070 597,304
Goodwill 266,038 1,055,760
Intangible assets, net 3,590 8,195
Other noncurrent assets 14,903 21,045
Total Assets 1,845,158 2,438,864
Current Liabilities:    
Accounts payable 31,252 11,617
Accrued expenses and other 124,488 67,862
Deferred revenue 71,837 63,417
Deferred revenue from related parties 36,923 72,945
Derivative warrant liabilities 5,808 0
Finance lease liabilities, current portion 28,570 28,452
Notes payable, current portion 217,674 75,996
Total Current Liabilities 516,552 320,289
Finance lease liabilities, net of current portion 48,701 62,145
Notes payable, net of current portion (includes $726,554 and $557,007 at fair value) 852,323 652,213
Other noncurrent liabilities 11,130 18,531
Total Liabilities 1,428,706 1,053,178
Contingently redeemable convertible preferred stock; $0.0001 par value; 2,000,000 shares authorized; — and 10,826 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively; $— and $45,164 total liquidation preference at June 30, 2022 and December 31, 2021, respectively 0 44,476
Commitments and contingencies (Note 10)
Stockholders’ Equity:    
Common stock; $0.0001 par value; 10,000,000 shares authorized at both June 30, 2022 and December 31, 2021; 353,481 and 271,576 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 35 27
Additional paid-in capital 1,695,748 1,379,581
Accumulated deficit (1,304,111) (27,432)
Accumulated other comprehensive income (loss) 24,780 (10,966)
Total Stockholders’ Equity 416,452 1,341,210
Total Liabilities, Redeemable Preferred Stock and Stockholders’ Equity $ 1,845,158 $ 2,438,864