Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 103,705 $ 268,556
Restricted cash 8,800
Digital assets 121,842 95,225
Digital assets held in Fund 223,916
Other receivable 18 26,933
Deposits 2,350 34,458
Prepaid expenses and other current assets 40,833 35,148
Total current assets 277,548 684,236
Other assets:    
Property and equipment (net of accumulated depreciation of $16,622 and $21,313, respectively) 273,026 276,243
Advances to vendors 488,299 466,255
Investments 37,000 3,000
Long term deposits 40,903
Long term prepaids 8,317 13,666
Right-of-use assets 1,276
Digital assets, restricted 68,875
Intangible assets (net of accumulated amortization of $280 at December 31, 2021) 931
Total other assets 917,696 760,095
TOTAL ASSETS 1,195,244 1,444,331
Current liabilities:    
Accounts payable 1,311 7,773
Accrued expenses 22,294 2,610
Legal reserve payable 1,171
Operating lease liabilities 326
Current portion of accrued interest 1,011 867
Total current liabilities 26,113 11,250
Long-term liabilities:    
Notes payable 732,289 728,406
Term loan 49,882
Operating lease liabilities 1,017
Deferred tax liabilities 22,575
Total long-term liabilities 783,188 750,981
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, 0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively
Common stock, 0.0001 par value, 200,000,000 shares authorized; 145,565,916 and 102,733,273 issued and outstanding at December 31, 2022 and December 31, 2021, respectively 15 10
Additional paid-in capital 1,226,267 835,694
Accumulated other comprehensive loss
Accumulated deficit (840,339) (153,604)
Total stockholders’ equity 385,943 682,100
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,195,244 $ 1,444,331