CHAPTER 11 FILING AND EMERGENCE FROM BANKRUPTCY (Tables)

12 Months Ended

Dec. 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):


	Year Ended December 31,
		2024		2023		2022
Professional fees and other bankruptcy related costs		$	21,480	$	92,195	$	2,302
Negotiated settlements:
Priority Power		—		(4,878)		—
ACM ELF ST LLC Lease		—		(5,003)		—
HMC		—		8,269		—
Trilogy		—		(385)		—
Didado		—		657		—
Celsius - Cedarvale PSA		—		2,175		—
Harper		—		4,977		—
McCarthy		—		4,590		—
Dalton		581		(1,122)		—
Gryphon		1		(23,260)		—
Foundry		—		(12,636)		—
OG&E		—		4,800		—
Maddox		(2,843)		1,277		—
Other, net		(8)		14		—
Total negotiated settlements		(2,269)		(20,525)		—
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		94,567		—
Total satisfaction of allowed claims		(143,791)		94,567		—
Reimbursed claimant professional fees		12,802		—		—
Debtor-in-possession financing costs		339		24,885		—
Write-off of debt issuance costs and original issue net discount on liabilities subject to compromise		—		—		3,529
(Gain) from adjustment of liabilities subject to compromise fair value to expected allowed amount		—		—		(203,236)
Reorganization items, net		$	(111,439)	191,122		$	(197,405)

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