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CONDOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net loss $ (271,068) $ (44,480)
Loss from discontinued operations, net of tax (1,327) (66,080)
Net (loss) income from continuing operations (269,741) 21,600
Adjustments to reconcile net loss from continuing operations to net cash flow from operating activities:    
Depreciation and amortization 35,136 8,474
Deferred income taxes 15,055 5,557
Impairment of long-lived assets 176,307 0
Other non-cash affecting net income 2,097 140
Amortization of debt issuance costs 3,946 10
Stock-based compensation expense 2,636 3,770
Remeasurement of environmental liability 16,694 3,688
Gain on sale of assets (1,780) 0
Gain on sale of digital assets 0 (275)
Changes in operating assets and liabilities:    
Accounts receivable (2,459) 153
Emissions and carbon offset credits 1,101 (439)
Prepaid expenses and other assets 1,218 (7,312)
Accounts payable (48) 1,235
Accrued emissions expense 3,418 552
Accrued expenses 4,644 5,759
Income taxes payable and receivable (3,142) 2,344
Other 433 0
Net cash flow (used for) provided by operating activities from continuing operations (14,485) 45,256
INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of and deposits for property and equipment (132,950) (163,571)
Proceeds from sale of assets 11,100 0
Proceeds from sale of short term investments 496 0
Net cash flow used for investing activities from continuing operations (121,354) (163,571)
FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from issuance of preferred stock, net of issuance costs 0 37,113
Proceeds from issuance of common stock, net of issuance costs 9,531 47,443
Proceeds from stock options exercised 14 1,000
Restricted stock unit awards settled in cash for taxes (227) (894)
Proceeds from debt, net of issuance costs 107,105 97,885
Principal payments on debt (53,923) (7,705)
Repayments of finance lease obligations (363) (777)
Net cash flow provided by financing activities from continuing operations 62,137 174,065
Discontinued Operations:    
Net cash flow from operating activities of discontinued operations 6,320 (5,175)
Net cash flow from investing activities of discontinued operations 0 27,113
Net cash flow from financing activities of discontinued operations 0 (141)
Increase in cash and cash equivalents from discontinued operations 6,320 21,797
CHANGE IN CASH AND CASH EQUIVALENTS (67,382) 77,547
CASH AND CASH EQUIVALENTS - beginning of year 82,599 5,052
CASH AND CASH EQUIVALENTS - end of year $ 15,217 $ 82,599