XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 42,146 $ 15,884
Restricted cash 21,797 36,356
Digital assets 559 724
Prepaid expenses and other current assets 33,039 31,881
Assets held for sale 36,069 0
Total Current Assets 134,719 85,102
Property, plant and equipment, net 547,303 691,134
Operating lease right-of-use assets 6,583 20,430
Intangible assets, net 2,448 1,704
Other noncurrent assets 14,409 9,316
Total Assets 705,462 807,686
Current Liabilities:    
Accounts payable 45,527 53,641
Accrued expenses and other current liabilities 55,606 17,952
Deferred revenue 63,170 77,689
Deferred revenue from related parties 0 496
Operating lease liabilities, current portion 205 769
Finance lease liabilities, current portion 19,833 0
Notes payable, current portion 128,321 36,242
Total Current Liabilities 312,662 186,789
Operating lease liabilities, net of current portion 1,047 720
Finance lease liabilities, net of current portion 35,909 0
Notes payable, net of current portion 679,559 0
Other noncurrent liabilities 1,158 2,210
Total liabilities not subject to compromise 1,030,335 189,719
Liabilities subject to compromise 93,853 1,027,313
Total Liabilities 1,124,188 1,217,032
Commitments and contingencies (Note 8)
Stockholders’ Deficit:    
Common stock; $0.0001 par value; 10,000,000 shares authorized at both September 30, 2023 and December 31, 2022; 385,868 and 375,225 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 36 36
Additional paid-in capital 1,805,782 1,764,368
Accumulated deficit (2,224,544) (2,173,750)
Total Stockholders’ Deficit (418,726) (409,346)
Total Liabilities and Stockholders’ Deficit 705,462 807,686
Nonrelated Party    
Current Assets:    
Accounts receivable 1,109 234
Related Party    
Current Assets:    
Accounts receivable $ 0 $ 23