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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
REVENUE:    
Revenues from digital asset production $ 70,388 $ 89,979
OPERATING COSTS AND EXPENSES:    
Selling, general and administrative 26,167 35,233
Depreciation and amortization 13,602 35,136
Gain on sale of assets (9,903) (1,780)
Impairment of long-lived assets 4,000 176,307
Remeasurement of environmental liability 2,409 16,694
Total operating costs and expenses 87,280 323,142
Operating Loss (16,892) (233,163)
OTHER INCOME (EXPENSE), NET:    
Interest expense, net (12,659) (21,575)
Gain (loss) on sale of digital assets 512 (15)
Other income, net 0 14
Total other expense, net (12,147) (21,576)
Loss from continuing operations before taxes (29,039) (254,739)
Provision for income taxes 0 15,002
Net loss from continuing operations (29,039) (269,741)
Loss from discontinued operations, net of tax (471) (1,327)
Net loss (29,510) (271,068)
Comprehensive Loss    
Net Loss (29,510) (271,068)
Foreign currency translation adjustment 12 (357)
Comprehensive loss $ (29,498) $ (271,425)
Net loss per share, basic and diluted:    
Net loss per share from continuing operations, basic (in dollars per share) [1] $ (4.36) $ (63.66)
Net loss per share from continuing operations, diluted (in dollars per share) [1] (4.36) (63.66)
Loss per share from discontinued operations, basic (in dollars per share) [1] (0.07) (0.31)
Loss per diluted share from discontinued operations (in dollars per share) [1] (0.07) (0.31)
Net loss per share, basic (in dollars per share) [1] (4.43) (63.97)
Net loss per share, diluted (in dollars per share) [1] $ (4.43) $ (63.97)
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]    
Weighted average shares outstanding, basic (in shares) [1] 6,660,000 4,237,000
Weighted average shares outstanding, diluted (in shares) 6,660,000 4,237,000
Cryptocurrency mining, net    
REVENUE:    
Revenues from digital asset production $ 24,238 $ 73,809
OPERATING COSTS AND EXPENSES:    
Cost of revenue 15,051 47,195
Datacenter hosting    
REVENUE:    
Revenues from digital asset production 39,478 0
OPERATING COSTS AND EXPENSES:    
Cost of revenue 29,695 0
Power and capacity    
REVENUE:    
Revenues from digital asset production 6,672 16,170
OPERATING COSTS AND EXPENSES:    
Cost of revenue $ 6,259 $ 14,357
[1] Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1 — Organization and Description of Business)