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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 29,546 $ 117,871
Restricted cash 8,098 13,807
Accounts receivable, net of allowance of $5,943 and $—, respectively 2,176 1,382
Accounts receivable from related parties 895 300
Deposits for equipment 97,678 358,791
Digital assets 19,663 234,298
Prepaid expenses and other current assets 55,515 30,111
Total Current Assets 213,571 756,560
Property, plant and equipment, net 1,156,369 597,304
Goodwill 0 1,055,760
Intangible assets, net 1,400 8,195
Other noncurrent assets 32,661 21,045
Total Assets 1,404,001 2,438,864
Current Liabilities:    
Accounts payable 43,613 11,617
Accrued expenses and other 102,213 67,862
Deferred revenue 80,268 63,417
Deferred revenue from related parties 6,981 72,945
Derivative warrant liabilities 5,287 0
Finance lease liabilities, current portion 73,045  
Finance lease liabilities, current portion   28,452
Notes payable, current portion (includes $682,831 and $— at fair value) 977,600 75,996
Total Current Liabilities 1,289,007 320,289
Finance lease liabilities, net of current portion 0  
Finance lease liabilities, net of current portion   62,145
Notes payable, net of current portion (includes $— and $557,007 at fair value) 0 652,213
Other noncurrent liabilities 41,967 18,531
Total Liabilities 1,330,974 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 September 30, 2022 and December 31, 2021, respectively; $— and $45,164 total liquidation preference at September 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 September 30, 2022 and December 31, 2021; 364,710 and 271,576 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 36 27
Additional paid-in capital 1,739,282 1,379,581
Accumulated deficit (1,738,903) (27,432)
Accumulated other comprehensive income (loss) 72,612 (10,966)
Total Stockholders’ Equity 73,027 1,341,210
Total Liabilities, Redeemable Preferred Stock and Stockholders’ Equity $ 1,404,001 $ 2,438,864