XML 25 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:      
Cash and cash equivalents $ 51,149 $ 5,052 $ 11,750
Short term investments 496 0  
Digital assets 421 254 269
Accounts receivable 5,501 390 10
Fuel deposits   808 164
Prepaid expenses 5,042 155 96
Emissions credits   1,923 559
Miner equipment deposits   5,959 6,337
Emissions and carbon offset credits 1,816 1,923  
Total current assets 64,425 7,774 19,185
LONG-TERM ASSETS:      
Property and equipment, net 121,532 56,645  
Property and equipment, net   50,686 37,064
Project deposit   74 510
Right-of-use assets, net 1,369 0  
Intangible assets 22,493 0  
Goodwill 46,349 0  
Other assets   74 85
Other long-term assets 2,143 148  
Total assets 258,311 64,567 56,844
CURRENT LIABILITIES:      
Accounts payable 3,368 1,745 2,339
Natural gas payable   935 18
Accrued emissions expense 1,674 2,082  
Income taxes payable   2,082 105
Accrued expenses 9,566 946 150
Accrued interest expense —related party 0 20 396
Deferred revenue   272 0
Note payable, current portion 17,994 3,273 0
Notes payable—related party, current portion 0 3,573 5,000
Lease obligations, current portion 852 0  
Total current liabilities 33,454 11,639 8,008
LONG-TERM LIABILITIES:      
Deferred tax liability 3,959 0  
Notes payable, net of current portion 7,369 1,364 0
Lease obligations, net of current portion 111 0  
Asset retirement obligations 2,380 2,277 2,135
Environmental trust liability 4,994 4,927 4,697
Accrued emissions expense, net of current portion   0 302
Accrued interest expense—related party, net of current portion   0 278
Notes payable—related party, net of current portion   0 7,700
Other long-term liabilities 242 0  
Total liabilities 52,509 20,207 23,120
COMMITMENTS AND CONTINGENCIES (NOTE 11)    
STOCKHOLDERS' EQUITY:      
Preferred stock    
Common stock 4 0  
Additional paid-in capital 233,813 0  
Members' capital 0 69,276 54,074
Accumulated deficit (28,015) (24,916) (20,350)
Total stockholders' equity 205,802 44,360 33,724
Total liabilities and stockholders' equity $ 258,311 $ 64,567 $ 56,844