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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (27,255,329) $ (144,994)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and Amortization 7,607,721 558,630
Accretion of asset retirement obligation 0 21,821
Forgiveness of PPP loan (638,800) (10,000)
Realized loss on sale of derivatives 0 505,747
Realized gain on sale of digital currencies (149,858) (31,810)
Write-off of bad debts 244,924
Amortization of debt issuance costs 1,404,732 0
Stock Compensation 4,015,324 0
Impairments on digital currencies 1,870,274 0
Changes in fair value of warrant liabilities 1,143,809 0
Changes in fair value of forward sale derivative 116,488 0
(Increase) decrease in assets:    
Digital currencies (12,494,581) (339,456)
Accounts receivable (1,176,239) 70,618
Prepaid Insurance 588,808 0
Due from related party 302,973 (302,975)
Inventory (1,417,689) 132,591
Other current assets (2,619,911) (7,871)
Increase (decrease) in liabilities:    
Accounts payable 17,395,556 546,719
Due to related parties 268,182 (448,868)
Accrued liabilities 4,981,013 (2,929)
Contract liabilities 147,835 40,000
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (5,664,768) 587,223
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of digital currencies 584,387 158,615
Acquisition of Panther Creek, net of cash acquired (3,914,362) 0
Purchase of land (21,439) 0
Purchase of reclamation bond (26,712) 0
Purchase of property, plant and equipment; including construction in progress (122,640,861) (1,986,401)
Equipment purchase deposits (130,999,398) 0
NET CASH USED IN INVESTING ACTIVITIES (257,018,385) (1,827,786)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on long-term debt (16,283,900) (292,292)
Payments on financed insurance premiums (2,590,788) 0
Proceeds from promissory note 39,100,000 0
Proceeds from master equipment financing agreements 41,435,466 0
Proceeds from equipment financed 517,465 0
Proceeds from PPP loan 841,670 638,800
Proceeds from private placements net of fees 96,786,629 0
Initial Public Offering proceeds, net of fees 131,537,789 0
(Payments) proceeds on EIDL Loan (150,000) 160,000
(Repayments) proceeds on related-party notes (2,024,250) 2,024,250
Buyout of Aspen Interest (2,000,000) 0
Forward sale contract prepayment 7,000,000 0
Distributions paid 0 (1,121,151)
NET CASH PROVIDED BY FINANCING ACTIVITIES 294,170,081 1,409,607
NET INCREASE IN CASH 31,486,928 169,044
CASH - BEGINNING OF YEAR 303,187 134,143
CASH - END OF YEAR $ 31,790,115 $ 303,187