Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 55,339,400 $ 268,555,837
Restricted cash 8,800,000
Digital currencies 126,418,098 102,805,980
Digital currencies loaned 20,437,284
Digital currencies held in fund 223,915,761
Receivable from sale of equipment 1,000,000
Deposits 22,533,569 34,458,347
Loan receivable 30,000,000
Prepaid expenses and other current assets 26,015,943 8,148,116
Total current assets 240,107,010 688,321,325
Other assets:    
Property and equipment (net of accumulated depreciation of $26,809,659 and $21,311,461, respectively) 403,522,538 276,242,794
Advances to vendors 687,777,200 466,254,623
Investments 36,999,994 3,000,000
Digital currencies, restricted 70,743,342
Long term deposits 26,554,033
Long term prepaids 8,703,542 13,665,589
Right-of-use assets 1,369,774
Intangible assets (net of accumulated amortization of $280,497 at December 31, 2021) 931,226
Total other assets 1,235,670,423 760,094,232
TOTAL ASSETS 1,475,777,433 1,448,415,557
Current liabilities:    
Accounts payable 19,051,369 10,867,403
Accrued expenses 2,140,544 2,230,870
Legal reserve payable 21,199,549
Operating lease liabilities 306,444
Current portion of accrued bond interest 2,843,611 867,260
Total current liabilities 45,541,517 13,965,533
Long-term liabilities    
Convertible notes 731,318,578 728,405,922
Term loan 49,863,008
Operating lease liabilities 1,131,810
Deferred tax liabilities 22,820,558 23,020,721
Total long-term liabilities 805,133,954 751,426,643
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, 0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively
Common stock, 0.0001 par value; 200,000,000 shares authorized; 116,810,405 and 102,733,273 issued and outstanding at September 30, 2022 and December 31, 2021, respectively 11,681 10,273
Additional paid-in capital 1,057,798,421 835,693,610
Accumulated other comprehensive loss (450,719) (450,719)
Accumulated deficit (432,257,421) (152,229,783)
Total stockholders’ equity 625,101,962 683,023,381
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,475,777,433 $ 1,448,415,557