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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 15,884 $ 117,871
Restricted cash 36,356 13,807
Accounts receivable, net of allowance of $8,724 and $—, respectively 234 1,382
Accounts receivable from related parties 23 300
Deposits for equipment 0 358,791
Digital assets 724 234,298
Prepaid expenses and other current assets 31,881 30,111
Total Current Assets 85,102 756,560
Property, plant and equipment, net 691,134  
Operating lease right-of-use assets 20,430  
Property, plant and equipment, net   597,304
Goodwill 0 1,055,760
Intangible assets, net 1,704 8,195
Other noncurrent assets 9,316 21,045
Total Assets 807,686 2,438,864
Current Liabilities:    
Accounts payable 53,641 11,617
Accrued expenses and other current liabilities 17,952 67,862
Operating lease liabilities, current portion 769  
Deferred revenue 77,689 63,417
Deferred revenue from related parties 496 72,945
Finance lease obligations, current portion 0  
Finance lease obligations, current portion   28,452
Notes payable, current portion 36,242 75,996
Total Current Liabilities 186,789 320,289
Finance lease obligations, net of current portion 0  
Finance lease obligations, net of current portion   62,145
Operating lease liabilities, net of current portion 720  
Notes payable, net of current portion (includes $— and $557,007 at fair value) 0 652,213
Other noncurrent liabilities 2,210 18,531
Total liabilities not subject to compromise 189,719 1,053,178
Liabilities subject to compromise 1,027,313 0
Total Liabilities 1,217,032 1,053,178
Contingently redeemable preferred stock; $0.0001 par value; 2,000,000 and 50,000 shares authorized at December 31, 2022 and 2021, respectively; — and 10,826 shares issued and outstanding at December 31, 2022 and 2021, respectively; $— and 45,164 total liquidation preference at December 31, 2022 and 2021, respectively 0 44,476
Commitments and Contingencies
Stockholders’ (Deficit) Equity:    
Common stock; $0.00010 par value; 10,000,000 and 10,000,000 shares authorized at December 31, 2022 and 2021, respectively; 375,225 and 271,576 shares issued and outstanding at December 31, 2022 and 2021, respectively 36 27
Additional paid-in capital 1,764,368 1,379,581
Accumulated deficit (2,173,750) (27,432)
Accumulated other comprehensive loss 0 (10,966)
Total Stockholders’ (Deficit) Equity (409,346) 1,341,210
Total Liabilities, Contingently Redeemable Preferred Stock and Stockholders’ (Deficit) Equity $ 807,686 $ 2,438,864