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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 82,599 $ 5,052
Short term investments 496 0
Digital assets 476 254
Accounts receivable 5,524 390
Prepaid expenses 9,146 155
Emissions and carbon offset credits 2,361 1,923
Total current assets 100,602 7,774
LONG-TERM ASSETS:    
Property and equipment, net 217,091 56,645
Right-of-use assets 1,472 0
Intangible assets, net 3,537 0
Goodwill 3,062 0
Deferred tax assets 15,058
Other long-term assets 445 148
Total assets 341,267 64,567
CURRENT LIABILITIES:    
Accounts payable 5,923 1,745
Accrued emissions expense 2,634 2,082
Accrued expenses 10,375 946
Accrued interest expense - related party 0 20
Income taxes payable 2,481
Notes payable, current portion 19,577 3,273
Notes payable - related party, current portion 3,573
Lease obligations, current portion 736 0
Total current liabilities 41,726 11,639
LONG-TERM LIABILITIES:    
Notes payable, net of current portion 75,251 1,364
Lease obligations, net of current portion 193
Asset retirement obligations 2,691 2,277
Environmental trust liability 8,615 4,927
Other long-term liabilities 368
Total liabilities 128,844 20,207
COMMITMENTS AND CONTINGENCIES (NOTE 15)
STOCKHOLDERS' EQUITY:    
Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding
Common stock, par value $0.0001, 3,000,000,000 and 0 shares authorized, 40,865,336 and 0 shares issued and outstanding as of December 31, 202 and 2020, respectively 4 0
Additional paid-in capital 281,815
Members' capital, 0 and 49,978 units outstanding as of December 31, 2021 and 2020, respectively 69,276
Accumulated deficit (69,396) (24,916)
Total stockholders' equity 212,423 44,360
Total liabilities and stockholders' equity $ 341,267 $ 64,567