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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents, including restricted cash $ 4,879 $ 8,619
Digital assets 8,405 6,950
Accounts receivable 423 1,493
Prepaid expenses and current other assets 2,061 2,617
Emissions and carbon offset credits 4,748 7,124
Total current assets 20,516 26,803
LONG-TERM ASSETS:    
Property and equipment, net 27,153 30,299
Other long-term assets 1,861 569
Long-term assets held for sale 7,184 7,184
Total assets 56,714 64,855
CURRENT LIABILITIES:    
Accounts payable 3,514 3,850
Accrued emissions expense 7,166 8,668
Accrued expenses 3,526 4,232
Short-term environmental liability 250 250
Contract liability 0 2,339
Total current liabilities 14,591 19,339
LONG-TERM LIABILITIES:    
Long-term debt, net of deferred financing fees 67,170 68,068
Environmental liabilities 30,432 30,432
Other long-term liabilities 2,763 2,770
Total liabilities 114,956 120,609
COMMITMENTS AND CONTINGENCIES (NOTE 10)
STOCKHOLDERS' DEFICIT:    
Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding 0 0
Common stock, par value $0.0001, 500,000,000 shares authorized, 14,725,374 and 13,025,627 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 1 1
Additional paid-in capital 337,058 334,330
Cumulative translation adjustment 0 (348)
Accumulated deficit (395,301) (389,737)
Total stockholders' deficit (58,242) (55,754)
Total liabilities and stockholders' deficit 56,714 64,855
Related Party    
CURRENT LIABILITIES:    
Other short-term liabilities $ 135 $ 0