CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 7,051	$ 19,572
Digital assets	6,658	6,477
Accounts receivable	930	1,954
Prepaid expenses and current other assets	1,358	1,542
Emissions and carbon offset credits	13,422	4,748
Income tax receivable	118	512
Total current assets	29,537	34,805
LONG-TERM ASSETS:
Property and equipment, net	13,114	15,694
Other long-term assets	2,564	2,156
Long-term assets held for sale	900	900
Total assets	46,115	53,555
CURRENT LIABILITIES:
Accounts payable	1,900	1,950
Accrued emissions expense	12,735	15,256
Accrued expenses	2,582	3,310
Current portion of long-term debt	39,229	40,008
Contract liabilities	2,914	2,320
Related party payables	160	164
Total current liabilities	59,520	63,008
LONG-TERM LIABILITIES:
Long-term debt, net of current portion	3,021	3,078
Environmental liabilities	31,032	31,032
Other long-term liabilities	2,733	2,741
Total liabilities	96,306	99,859
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, 16,229,150 and 15,801,997 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	2	2
Additional paid-in capital	338,842	338,145
Accumulated deficit	(389,035)	(384,451)
Total stockholders’ deficit	(50,191)	(46,304)
Total liabilities and stockholders’ deficit	$ 46,115	$ 53,555