CHAPTER 11 FILING AND EMERGENCE FROM BANKRUPTCY (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Reorganization Items under Chapter 11 of US Bankruptcy Code

Reorganization items, net incurred as a result of the Chapter 11 Cases presented separately in the accompanying Consolidated Statements of Operations were as follows (in thousands):


	Three Months Ended March 31,
	2024		2023
Professional fees and other bankruptcy related costs	$	21,480	$	20,107
Negotiated settlements	(2,269)		—
Satisfaction of allowed claims:
Extinguishment of secured and other convertible notes	(10,831)		—
Extinguishment of miner equipment lender loans and leases	(102,024)		—
Satisfaction of general unsecured creditor claims	(31,167)		—
Satisfaction of cures and other claims	231		—
Total satisfaction of allowed claims	(143,791)		—
Reimbursed claimant professional fees	12,802		—
Debtor-in-possession financing costs	339		11,452
Reorganization items, net	$	(111,439)	$	31,559

Schedule of Liabilities Subject to Compromise

Liabilities subject to compromise consisted of the following (in thousands):


	December 31, 2023
Accounts payable	$	36,678
Accrued expenses and other current liabilities	20,300
Accounts payable, and accrued expenses and other current liabilities	$	56,978

Debt subject to compromise	$	41,777
Accrued interest on liabilities subject to compromise	580
Leases, debt and accrued interest	42,357
Liabilities subject to compromise	$	99,335