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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net loss $ (15,879) $ (32,452)
Income from discontinued operations (12) (696)
Net loss from continuing operations (15,867) (31,756)
Adjustments to reconcile net loss from continuing operations to net cash flow from operating activities:    
Depreciation 9,909 10,368
Accrued interest added to principal 0 1,212
Change in fair value of warrant asset 420 0
Amortization of debt issuance costs 825 2,137
Impairment of long-lived assets 169 4,000
Loss (gain) on sale of assets 661 (1,752)
Gain on digital assets (204) 0
Remeasurement of environmental liability 0 1,600
Stock-based compensation expense 1,798 1,531
Revenues from digital assets production (15,041) 0
Proceeds from sale of digital assets 11,141 0
Professional fees paid in common stock 0 250
Changes in operating assets and liabilities:    
Accounts receivable 346 2,421
Emissions and carbon offset credits 220 (337)
Digital assets 0 348
Prepaids and other assets 1,668 (1,801)
Income tax receivable (89) (59)
Accounts payable (299) 7,518
Accrued emissions (4,374) 1,872
Accrued expenses (1,874) (2,717)
Contract liabilities 2,200 0
Other long-term liabilities 0 4,713
Other 229 (458)
Net cash flow used for operating activities from continuing operations (8,162) (910)
INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of and deposits for property and equipment (6,938) (10,952)
Proceeds from sale of assets 1,878 600
Proceeds from sale of digital assets 628 0
Net cash flow used for investing activities from continuing operations (4,432) (10,352)
FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from issuance of common stock, net of issuance costs 1,038 11,475
Proceeds from issuance of common stock and pre-funded warrants 6,000 0
Principal payments on debt 0 (6,809)
Net cash flow provided by financing activities from continuing operations 7,038 4,666
Discontinued Operations:    
Net cash flow from operating activities of discontinued operations (186) (1,259)
Net cash flow from investing activities of discontinued operations 0 3,325
Increase (decrease) in cash and cash equivalents from discontinued operations (186) 2,066
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (5,742) (4,530)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - beginning of year 13,312 15,217
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - end of period $ 7,570 $ 10,687