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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 3,397 $ 8,619
Digital assets 7,299 6,950
Accounts receivable 1,235 1,493
Prepaid expenses and current other assets 1,653 2,617
Emissions and carbon offset credits 4,748 7,124
Income tax receivable 103 0
Total current assets 18,435 26,803
LONG-TERM ASSETS:    
Property and equipment, net 25,287 30,299
Other long-term assets 1,855 569
Long-term assets held for sale 7,184 7,184
Total assets 52,761 64,855
CURRENT LIABILITIES:    
Accounts payable 2,689 3,850
Accrued emissions expense 9,555 8,668
Accrued expenses 4,027 4,232
Short-term environmental liability 250 250
Contract liabilities 861 2,339
Total current liabilities 17,514 19,339
LONG-TERM LIABILITIES:    
Long-term debt, net of deferred financing fees 63,275 68,068
Environmental liabilities 30,432 30,432
Other long-term liabilities 2,756 2,770
Total liabilities 113,977 120,609
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, 15,499,135 and 13,025,627 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 1 1
Additional paid-in capital 338,202 334,330
Cumulative translation adjustment 0 (348)
Accumulated deficit (399,419) (389,737)
Total stockholders' deficit (61,216) (55,754)
Total liabilities and stockholders' deficit 52,761 64,855
Related Party    
CURRENT LIABILITIES:    
Related party payables $ 132 $ 0