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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net (loss) income $ (2,146,318) $ 47,312 $ (12,206)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 225,259 33,362 9,403
Amortization of operating lease right-of-use assets 834    
Stock-based compensation 182,894 38,937 3,037
Digital asset mining income (397,796) (216,925) (6,127)
Deferred income taxes (18,521) 9,528 0
Loss on legal settlements 0 2,636 0
Gain on sale of intangible assets (5,904) 0 0
Loss on debt extinguishment 287 8,016 1,333
Fair value adjustment on derivative warrant liabilities (37,937) 0 0
Fair value adjustment on convertible notes 186,853 31,217 0
Fair value adjustment on other liabilities 9,498 0 0
Equity line of credit expenses 1,668 0 0
Amortization of debt discount and debt issuance costs 7,135 1,374 1,300
Losses on disposals of property, plant and equipment 28,025 118 2
Impairments of digital assets 231,315 37,206 4
Impairment of goodwill, other intangibles and property, plant and equipment 1,649,938 0 0
Allowance for doubtful accounts 9,004 0 616
Reorganization (199,707) 0 0
Changes in working capital components:      
Accounts receivable, net (7,856) (7,421) (1,303)
Accounts receivable from related parties 277 16 (243)
Digital assets 400,055 24,011 6,090
Deposits for equipment for sales to customers 50,174 (244,399) (54,736)
Prepaid expenses and other current assets 51,818 (34,076) (2,353)
Accounts payable 26,713 (21,991) (1,770)
Accrued expenses and other 17,229 56,200 1,625
Deferred revenue 16,483 184,340 30,009
Deferred revenue from related parties (72,449)
Other noncurrent assets and liabilities, net (3,784) (6,196) 1,554
Net cash provided by (used in) operating activities 205,187 (56,735) (23,765)
Cash flows from Investing Activities:      
Purchases of property, plant and equipment (383,980) 0 0
Cash paid in acquisitions 0 (365,210) (13,668)
Deposits (credits) for self-mining equipment (217,677) 704 (1,568)
Proceeds from sales (acquisition) of intangibles 10,850 (59,275) 0
Other 29 (59) 92
Net cash used in investing activities (590,778) (423,840) (15,144)
Cash flows from Financing Activities:      
Proceeds from exercise of stock options and warrants 25,049 513 2,642
Proceeds from the XPDI merger, net of transaction costs 195,010 0 0
Proceeds from debt, net of issuance costs 261,349 670,750 45,178
Repurchase of common shares to pay employee withholding taxes (31,646) 0 0
Principal repayments of finance leases (30,319) (7,768) (1,831)
Payment for transaction costs 0 (10,682) 0
Principal payments on debt (113,290) (49,281) (5,266)
Net cash provided by financing activities 306,153 603,532 40,723
(Decrease) increase in cash, cash equivalents, and restricted cash (79,438) 122,957 1,814
Cash, cash equivalents and restricted cash—beginning of period 131,678 8,721 6,907
Cash, cash equivalents and restricted cash—end of period 52,240 131,678 8,721
Supplemental disclosure of other cash flow information:      
Cash paid for interest 86,010 38,180 2,903
Income tax payments 5,756 9,619 0
Noncash Investing and Financing Items [Abstract]      
Property, plant and equipment obtained in exchange transaction 62,338 0 0
Noncash consideration paid for acquisitions 0 1,138,838 1,966
Accrued capital expenditures 69,286 9,002 2,544
Increase in notes payable for acquisition of property, plant and equipment 0 0 19,882
Decrease in notes payable in exchange for equipment 0 6,842 7,000
Cashless exercise of warrants 3,001 0 0
Property, plant and equipment acquired under finance leases 0 93,956 0
Payment-in-kind interest 31,382 7,274 0
Common stock issuances for acquisition of long-lived assets $ 0 $ 0 $ 1,486