v3.22.2
Consolidated Condensed Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 86,461,467 $ 268,522,019
Restricted cash 3,200,000
Digital currencies 136,836,179 102,805,980
Digital currencies, restricted 53,558,996
Digital currencies loaned 20,437,284
Digital currencies held in fund 223,778,545
Deposits 40,006,270 34,458,347
Loan receivable 30,000,000 30,000,000
Prepaid expenses and other current assets 12,128,736 8,148,016
Total current assets 362,191,648 688,150,191
Other assets:    
Property and equipment (net of accumulated depreciation and impairment charges of $55,390,407 and $21,311,461, respectively) 314,257,284 276,242,794
Assets held for sale 14,758,386
Advances to vendor 800,204,367 466,254,623
Investments 16,999,823 3,000,000
Long term prepaids 13,665,589
Right-of-use assets 1,166,049
Intangible assets (net of accumulated amortization of $280,497 at December 31, 2021) 931,226
Total other assets 1,147,385,909 760,094,232
TOTAL ASSETS 1,509,577,557 1,448,244,423
Current liabilities:    
Accounts payable 51,302,960 10,772,523
Accrued expenses 3,056,538 2,154,616
Short term borrowings - revolving credit line 35,000,000
Operating lease liabilities 162,105
Accrued interest 622,917 867,260
Total current liabilities 90,144,520 13,794,399
Long-term liabilities    
Convertible notes 730,347,693 728,405,922
Operating lease liabilities 1,066,564
Deferred tax liabilities 28,570,781 23,020,721
Total long-term liabilities 759,985,038 751,426,643
Commitments and Contingencies  
Stockholders’ Equity:    
Preferred stock, 0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Common stock, 0.0001 par value; 200,000,000 shares authorized; 113,865,235 and 102,733,273 issued and outstanding at June 30, 2022 and December 31, 2021, respectively 11,387 10,273
Additional paid-in capital 1,016,722,345 835,693,610
Accumulated other comprehensive loss (450,719) (450,719)
Accumulated deficit (356,835,014) (152,229,783)
Total stockholders’ equity 659,447,999 683,023,381
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,509,577,557 $ 1,448,244,423

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