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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net loss $ (15,464) $ (1,840)
Net income from discontinued operations (including gain on sale of MTI Instruments of $7,602 for the six months ended June 30, 2022) (7,772) (177)
Net loss from continuing operations (23,236) (2,017)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 14,611 225
Stock-based compensation 1,952 1,039
Consultant stock compensation 67 49
Deferred income taxes (797)
Impairment on fixed assets 750
Amortization of operating lease asset 100 76
Amortization on deferred financing costs and discount on notes 5,353
Loss on sale of fixed assets 1,618
Changes in operating assets and liabilities:    
Accounts receivable (157) (27)
Prepaid expenses and other current assets (393) (371)
Other long-term assets 56 (2)
Accounts payable 1,882 1,507
Deferred revenue (9)
Operating lease liabilities (98) (73)
Other liabilities 61
Accrued liabilities 64 328
Net cash provided by operating activities 1,763 795
Net cash provided by operating activities- discontinued operations 328 301
Investing Activities    
Purchases of equipment (52,618) (1,319)
Purchases of intangible assets (79)
Proceeds from disposal on equipment 465
Deposits of equipment, net 1,603 (6,133)
Net cash used in investing activities (50,629) (7,452)
Net cash provided by (used in) investing activities- discontinued operations 9,025 (17)
Financing Activities    
Proceeds from preferred offering 11,657
Proceeds from common stock offering 17,250
Proceeds from notes and debt issuance 29,736
Costs of preferred offering (1,904)
Costs of common stock offering (1,495)
Costs of notes and short term debt issuance (4,333)
Cash dividend distribution on preferred stock (2,131)
Proceeds from stock option exercises 77 84
Proceeds from common stock warrant exercises 779
Net cash provided by financing activities 33,881 15,839
(Decrease) increase in cash-continuing operations (14,985) 9,182
Increase in cash- discontinued operations 9,353 284
Cash – beginning of period 10,258 2,630
Cash – end of period 4,626 12,096
Supplemental Disclosure of Cash Flow Information    
Noncash equipment financing 4,620  
Interest paid on NYDIG loans 770  
Proceed receivable from sale of MTI Instruments 205  
Notes converted to common stock 1,342  
Warrant consideration in relation to promissory notes 5,317  
Promissory note conversion to preferred shares $ 15,236  
Purchase of miner equipment using restricted stock   (207)
Registration fees in prepaids and accounts payable   $ 352