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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 66,382 $ 82,599
Short term investments 496
Digital assets 323 476
Accounts receivable 6,520 5,524
Prepaid expenses 11,286 9,146
Emissions and carbon offset credits 1,260 2,361
Total current assets 85,771 100,602
LONG-TERM ASSETS:    
Property and equipment, net 249,202 217,091
Right-of-use assets 1,278 1,472
Intangible assets, net 3,073 3,537
Goodwill 3,062 3,062
Deferred tax assets 17 15,058
Other long-term assets 563 445
Total assets 342,966 341,267
CURRENT LIABILITIES:    
Accounts payable 12,054 5,923
Accrued emissions expense 3,890 2,634
Accrued expenses 17,424 10,375
Income taxes payable 165 2,481
Long-term debt, current portion 65,016 19,577
Lease obligation, current portion 291 736
Total current liabilities 98,840 41,726
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion and deferred financing fees 110,752 75,251
Lease obligation, net of current portion 166 193
Asset retirement obligations 2,691
Environmental liability 22,415 8,615
Other long-term liabilities 361 368
Total liabilities 232,534 128,844
COMMITMENTS AND CONTINGENCIES (NOTE 13)
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 shares authorized, 41,918,820 and 40,865,336 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 4 4
Additional paid-in capital 288,301 281,815
Cumulative translation adjustment (166)
Accumulated deficit (177,707) (69,396)
Total stockholders' equity 110,432 212,423
Total liabilities and stockholders' equity $ 342,966 $ 341,267