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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (189,833,000) $ (23,038,000)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 19,743,000 3,458,000
Interest expense – debt discount 29,972,000 1,076,000
Deferred tax benefit (5,000,000)
Accretion of original issue discount on notes receivable – related party (4,210,000)
Gain on extinguishment of debt (929,000)
Change in fair value of warrant liability 1,672,000 542,000
Impairment of debt securities, net 594,000
Accretion of original issue discount on notes receivable (5,549,000) 21,000
Increase in accrued interest on notes receivable – related party (198,000) (235,000)
Stock-based compensation 7,202,000 7,750,000
Impairment of goodwill 13,064,000
Impairment of deposit due to vendor bankruptcy filing 2,000,000
Impairment of cryptocurrencies 3,099,000 403,000
Impairment of Bitcoin mining equipment 79,556,000
Impairment of equity securities 11,500,000
Realized gain on the sale of cryptocurrencies (1,045,000)
Revenue, cryptocurrency mining (16,693,000) (3,450,000)
Realized gains on sale of marketable securities (12,111,000) (21,187,000)
Unrealized losses on marketable securities 13,889,000 14,127,000
Unrealized losses on investments in common stock, related parties 11,682,000 13,527,000
Unrealized gains on equity securities (41,994,000) (10,734,000)
Gain from bargain purchase of business (806,000)
Loss from investment in unconsolidated entity 924,000 311,000
Loss on remeasurement of investment in unconsolidated entity 2,700,000
Changes in operating assets and liabilities:    
Proceeds from the sale of cryptocurrencies 15,832,000
Marketable equity securities 78,951,000 (29,398,000)
Accounts receivable (58,000) (1,407,000)
Accrued revenue (106,000) (498,000)
Inventories (1,068,000) (2,031,000)
Prepaid expenses and other current assets 3,559,000 (5,548,000)
Other assets (3,969,000) (1,526,000)
Accounts payable and accrued expenses 11,493,000 1,630,000
Other current liabilities
Lease liabilities (1,919,000) (919,000)
Net cash provided by (used in) operating activities 26,489,000 (61,671,000)
Cash flows from investing activities:    
Purchase of property and equipment (108,416,000) (151,993,000)
Investment in promissory notes and other, related parties (2,200,000) (9,844,000)
Investments in common stock and warrants, related parties (4,901,000) (20,163,000)
Investment in real property, related party (2,670,000)
Proceeds from sale of investment in real property, related party 2,670,000
Acquisition of Imperalis, net of cash acquired (165,000)
Purchase of SMC, net of cash received (8,239,000)
Purchase of GIGA, net of cash received (3,687,000)
Cash received upon acquisition of AVLP 1,245,000
Purchase of Circle 8, net of cash received (11,101,000)
Acquisition of non-controlling interests (4,265,000)
Purchase of marketable equity securities (2,017,000) (2,765,000)
Sales of marketable equity securities 11,748,000 4,062,000
Investments in loans receivable (11,309,000) (18,235,000)
Principal payments on loans receivable 11,050,000
Investment of Ault Disruptive initial public offering proceeds into trust account (116,725,000)
Investments in equity securities (26,551,000) (17,623,000)
Net cash used in investing activities (158,643,000) (333,451,000)
Cash flows from financing activities:    
Gross proceeds from sales of common stock 172,253,000 200,053,000
Financing cost in connection with sales of common stock (4,210,000) (5,941,000)
Proceeds from warrant exercises 4,724,000
Proceeds from sales of preferred stock 4,321,000
Financing cost in connection with sales of preferred stock (811,000)
Proceeds from notes payable 60,654,000 84,909,000
Repayment of margin accounts (17,721,000) 18,488,000
Payments on notes payable (73,927,000) (2,461,000)
Payments of preferred dividends (393,000) (18,000)
Purchase of treasury stock (16,054,000) (13,180,000)
Proceeds from initial public offering of Ault Disruptive 112,125,000
Payment of deferred offering costs of Ault Disruptive initial public offering (633,000)
Payments on revolving credit facilities, net (125,000)
Net cash provided by financing activities 124,112,000 397,941,000
Effect of exchange rate changes on cash and cash equivalents 864,000 (266,000)
Net (decrease) increase in cash and cash equivalents and restricted cash (7,178,000) 2,553,000
Cash and cash equivalents and restricted cash at beginning of period 21,233,000 18,680,000
Cash and cash equivalents and restricted cash at end of period 14,055,000 21,233,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 13,107,000 257,000
Non-cash investing and financing activities:    
Conversion of convertible notes payable into shares of common stock 449,000
Settlement of accounts payable with digital currency 418,000 890,000
Conversion of investment in unconsolidated entity for acquisition of AVLP 20,706,000
Conversion of convertible notes payable, related party into shares of common stock 400,000 400,000
Conversion of debt and equity securities to marketable securities 44,782,000 2,656,000
Conversion of loans receivable to marketable securities 11,502,000
Conversion of interest receivable to marketable securities 386,000
Conversion of loans receivable to debt and equity securities 4,520,000
Recognition of new operating lease right-of-use assets and lease liabilities 2,198,000 1,875,000
Remeasurement of Ault Disruptive temporary equity 1,268,000 1,712,000
Deferred offering costs of Ault Disruptive 3,579,000
Fair value of warrants and common stock issued in connection with notes 2,491,000 16,310,000
Amounts receivable from issuance of promissory notes payable 6,900,000
Issuance of notes payable for purchase of property and equipment 22,000,000
Deferred underwriter commissions payable of Ault Disruptive subsidiary 3,450,000
Debt discount from accrued lender profit participation rights 6,000,000
Prepaid expenditures capitalized to property and equipment $ 2,150,000