v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 357,313 $ 103,705
Restricted cash 0 8,800
Digital assets 639,660 121,842
Other receivables 2,091 18
Deposits 7,240 2,350
Prepaid expenses and other current assets 23,499 40,833
Total current assets 1,029,803 277,548
Property and equipment, net 671,772 273,026
Advances to vendors 95,589 488,299
Investments 106,292 37,000
Long-term deposits 59,790 40,903
Long-term prepaids 27,284 8,317
Right-of-use assets 443 1,276
Digital assets, restricted 0 68,875
Total long-term assets 961,170 917,696
TOTAL ASSETS 1,990,973 1,195,244
Current liabilities:    
Accounts payable 11,343 1,312
Accrued expenses 22,015 22,295
Legal reserve payable 0 1,171
Operating lease liabilities 124 326
Accrued interest 276 1,011
Total current liabilities 33,758 26,115
Long-term liabilities:    
Notes payable 325,654 732,289
Term loan 0 49,882
Operating lease liabilities 354 1,017
Deferred tax liabilities 15,286 0
Total long-term liabilities 341,294 783,188
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, par value $0.0001 per share, 50,000,000 shares authorized and no shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 0 0
Common stock, par value $0.0001 per share, 500,000,000 shares authorized; 242,829,391 shares and 145,565,916 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 24 15
Additional paid-in capital 2,183,537 1,226,267
Accumulated deficit (567,640) (840,341)
Total stockholders’ equity 1,615,921 385,941
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,990,973 $ 1,195,244

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