XML 45 R34.htm IDEA: XBRL DOCUMENT v3.24.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
1 Months Ended 3 Months Ended 4 Months Ended 9 Months Ended 24 Months Ended 25 Months Ended
Sep. 24, 2024
shares
Jul. 30, 2024
USD ($)
Feb. 12, 2024
USD ($)
shares
Nov. 09, 2023
USD ($)
a
MW
Jan. 30, 2023
USD ($)
Apr. 28, 2022
shares
Nov. 06, 2024
USD ($)
shares
Sep. 30, 2024
USD ($)
MW
shares
Jun. 30, 2024
MW
Apr. 28, 2024
USD ($)
shares
Sep. 30, 2024
USD ($)
MW
shares
Apr. 28, 2024
USD ($)
shares
Nov. 06, 2024
USD ($)
shares
Apr. 10, 2024
ft²
a
Dec. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
Oct. 03, 2022
USD ($)
Apr. 07, 2022
USD ($)
Debt Instrument [Line Items]                                    
Cash, restricted cash and cash equivalents               $ 7,570,000     $ 7,570,000       $ 13,312,000      
Other current assets               13,300,000     13,300,000              
Bitcoin available for liquidation               3,845,000     3,845,000              
Accounts payable, contract liabilities and accrued expenses               8,900,000     8,900,000              
Accrued emissions expense               6,146,000     6,146,000       10,520,000      
Current liabilities held for sale               314,000     314,000       483,000      
Short-term environmental liability               1,613,000     1,613,000       363,000      
Working capital               3,800,000     3,800,000              
Interest payments due in the next twelve months               6,100,000     6,100,000              
Accumulated deficit               385,831,000     385,831,000       369,974,000      
Cumulative Effect, Period of Adoption, Adjustment                                    
Debt Instrument [Line Items]                                    
Accumulated deficit               $ (22,000)     $ (22,000)       $ 20,000.00 $ 0    
South Carolina, United States                                    
Debt Instrument [Line Items]                                    
Warehouse space acquired (in square feet) | a       153                            
Columbus, Mississippi                                    
Debt Instrument [Line Items]                                    
Area of land acquired (in acres) | a                           12        
Columbus, Mississippi | Industrial Warehouse                                    
Debt Instrument [Line Items]                                    
Power associated with facility | MW               32.5     32.5              
Warehouse space acquired (in square feet) | ft²                           73,000        
Miners deployed to new facility | MW               8.5 7.5   8.5              
NORTH DAKOTA                                    
Debt Instrument [Line Items]                                    
Miners deployed to new facility | MW                 7.5                  
Mining lease term                 5 years                  
Discontinued Operations, Disposed of by Sale | South Carolina Datacenter                                    
Debt Instrument [Line Items]                                    
Power associated with facility | MW       44                            
Area of land sold (in acres) | a       22                            
Consideration received from sale of land       $ 28,000,000                            
Cash received from disposal       4,500,000                            
Bonus received from disposal       1,600,000                            
Gain recognized on sale of facility       8,200,000                            
Refinanced 2021 and 2022 Master Equipment Finance Agreement | Secured Debt                                    
Debt Instrument [Line Items]                                    
Remaining principal balance, interest payments         $ 2,000,000                          
Principal and interest payments         $ 62,700,000                          
Senior Notes Due January 2025 | Senior Notes | Discontinued Operations, Disposed of by Sale | South Carolina Datacenter                                    
Debt Instrument [Line Items]                                    
Extinguishment of debt       17,700,000                            
Secured Promissory Note | Discontinued Operations, Disposed of by Sale | South Carolina Datacenter | Secured Debt                                    
Debt Instrument [Line Items]                                    
Extinguishment of debt       $ 4,100,000                            
At The Market Issuance Sales Agreement                                    
Debt Instrument [Line Items]                                    
Maximum aggregate consideration to be received on transaction                                 $ 22,800,000  
Number of shares issued in transaction | shares               0     0              
Securities Purchase Agreement                                    
Debt Instrument [Line Items]                                    
Net proceeds received     $ 6,000,000                              
Number of shares issued in transaction | shares     450,300                              
Equity Purchase Agreement                                    
Debt Instrument [Line Items]                                    
Net proceeds received                   $ 300,000   $ 8,000,000.0            
Maximum aggregate consideration to be received on transaction                                   $ 500,000,000
Number of shares issued in transaction | shares           572,095       45,269   549,285            
Sale of stock, period           24 months                        
Common Stock Purchase Agreement                                    
Debt Instrument [Line Items]                                    
Maximum aggregate consideration to be received on transaction   $ 20,000,000                                
Number of shares issued in transaction | shares 7,300,000             0     0              
Sale of stock, period   36 months                                
Subsequent Event | At The Market Issuance Sales Agreement                                    
Debt Instrument [Line Items]                                    
Net proceeds received                         $ 20,700,000          
Number of shares issued in transaction | shares                         4,167,463          
Subsequent Event | Common Stock Purchase Agreement                                    
Debt Instrument [Line Items]                                    
Net proceeds received             $ 1,000,000.0                      
Number of shares issued in transaction | shares             424,156