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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 50,409 $ 15,884
Restricted cash 19,300 36,356
Digital assets 2,284 724
Prepaid expenses and other current assets 24,022 31,881
Total Current Assets 97,016 85,102
Property, plant and equipment, net 585,431 691,134
Operating lease, right-of-use asset 7,844 20,430
Intangible assets, net 2,247 1,704
Other noncurrent assets 19,618 9,316
Total Assets 712,156 807,686
Current Liabilities:    
Accounts payable 154,751 53,641
Accrued expenses and other current liabilities 179,636 17,952
Operating lease liabilities, current portion 77 769
Finance lease liabilities, current portion 19,771 0
Notes payable, current portion 124,358 36,242
Total Current Liabilities 488,423 186,789
Finance lease liabilities, net of current portion 35,745 0
Operating lease liabilities, net of current portion 1,512 720
Notes payable, net of current portion 684,082 0
Other noncurrent liabilities 0 2,210
Total liabilities not subject to compromise 1,209,762 189,719
Liabilities subject to compromise 99,335 1,027,313
Total Liabilities 1,309,097 1,217,032
Commitments and contingencies (Note 10)
Stockholders’ Deficit:    
Common stock; $0.00001 par value; 10,000,000 and 10,000,000 shares authorized at December 31, 2023 and 2022, respectively; 386,883 and 375,225 shares issued and outstanding at December 31, 2023 and 2022, respectively 36 36
Additional paid-in capital 1,823,260 1,764,368
Accumulated deficit (2,420,237) (2,173,750)
Total Stockholders’ Deficit (596,941) (409,346)
Total Liabilities and Stockholders’ Deficit 712,156 807,686
Nonrelated Party    
Current Assets:    
Accounts receivable 1,001 234
Current Liabilities:    
Deferred revenue 9,830 77,689
Related Party    
Current Assets:    
Accounts receivable 0 23
Current Liabilities:    
Deferred revenue $ 0 $ 496