SCHEDULE OF RESTATEMENTS (Details)

v3.22.4

SCHEDULE OF RESTATEMENTS (Details) - USD ($)	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 103,705,000				$ 268,556,000								$ 103,705,000	$ 268,556,000
Digital assets	121,842,000				95,225,000								121,842,000	95,225,000
Digital assets held in Fund					223,916,000									223,916,000
Other receivable	18,000				26,933,000								18,000	26,933,000
Deposits	2,350,000				34,458,000								2,350,000	34,458,000
Digital assets, restricted	68,875,000												68,875,000
Prepaid expenses and other current assets	40,833,000				35,148,000								40,833,000	35,148,000
Total current assets	277,548,000				684,236,000								277,548,000	684,236,000
Other assets:
Property and equipment, net	273,026,000				276,243,000								273,026,000	276,243,000
Advances to vendors	488,299,000				466,255,000								488,299,000	466,255,000
Investments	37,000,000				3,000,000								37,000,000	3,000,000
Long term prepaids	8,317,000				13,666,000								8,317,000	13,666,000
Intangible assets, net					931,000									931,000
Total other assets	917,696,000				760,095,000								917,696,000	760,095,000
TOTAL ASSETS	1,195,244,000				1,444,331,000								1,195,244,000	1,444,331,000
Current liabilities:
Accounts payable	1,311,000				7,773,000								1,311,000	7,773,000
Accrued expenses	22,294,000				2,610,000								22,294,000	2,610,000
Current portion of accrued interest	1,011,000				867,000								1,011,000	867,000
Total current liabilities	26,113,000				11,250,000								26,113,000	11,250,000
Long-term liabilities:
Notes payable	732,289,000				728,406,000								732,289,000	728,406,000
Deferred tax liabilities					22,575,000									22,575,000
Total long-term liabilities	783,188,000				750,981,000								783,188,000	750,981,000
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock
Common stock	15,000				10,000								15,000	10,000
Additional paid-in capital	1,226,267,000				835,694,000								1,226,267,000	835,694,000
Accumulated other comprehensive loss
Accumulated deficit	(840,339,000)				(153,604,000)								(840,339,000)	(153,604,000)
Total stockholders’ equity	385,943,000				682,100,000								385,943,000	682,100,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	1,195,244,000				1,444,331,000								1,195,244,000	1,444,331,000
Total revenues	28,417,000												117,753,000	159,163,000	$ 4,357,000
Cost of revenues
Cost of revenues - energy, hosting and other	(29,736,000)												(72,717,000)	(27,491,000)	(3,851,000)
Cost of revenues - depreciation and amortization	(13,827,000)												(78,709,000)	(14,904,000)	(3,064,000)
Total cost of revenues	(43,563,000)												(151,426,000)	(42,395,000)	(6,915,000)
Operating expenses
General and administrative expenses	(18,609,000)												(56,739,000)	(174,355,000)	(6,404,000)
Impairment of digital assets	(26,392,000)												(173,215,000)	(30,329,000)
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets													(14,460,000)	557,000	15,000
Total operating expenses	(395,779,000)												(630,195,000)	(129,431,000)	(7,260,000)
Other non-operating income (loss)	663,000												1,283,000	(287,000)	(607,000)
Interest expense	(4,666,000)												(14,980,000)	(1,570,000)	(21,000)
Income (loss) before income taxes	(414,928,000)												(708,578,000)	(14,520,000)	(10,446,000)
Income tax benefit (expense)	22,202,000												21,838,000	(22,576,000)	(2,000)
Net income (loss)	$ (392,726,000)												$ (686,740,000)	$ (37,096,000)	$ (10,448,000)
Net loss per share, basic and diluted:	$ (3.14)												$ (6.05)	$ (0.37)	$ (0.13)
Weighted average shares outstanding, basic and diluted:	125,263,133												113,467,837	99,337,587	81,408,340
Other comprehensive income (loss)
Foreign currency translation adjustments														$ (451,000)
Comprehensive income (loss)													(686,740,000)	(37,547,000)	(10,448,000)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss													(686,740,000)	(37,098,000)	(10,448,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization													78,709,000	14,904,000	3,064,000
Deferred tax expense (benefit)													(22,575,000)	22,575,000
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets													14,460,000	(557,000)	(15,000)
Impairment of digital assets													173,215,000	30,329,000
Stock-based compensation													24,595,000	160,786,000	1,178,000
Other adjustments from operations, net													1,032,000	1,068,000	1,313,000
Changes in operating assets and liabilities:
Digital assets													(117,749,000)	(150,513,000)	(4,357,000)
Prepaid expenses and other assets													(48,886,000)	987,000	644,000
Accounts payable and accrued expenses													13,223,000	12,382,000	(23,000)
Accrued interest													144,000	867,000
Net cash used in operating activities													(176,481,000)	(18,966,000)	(7,773,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to vendors													(483,840,000)	(435,065,000)	(65,648,000)
Loan receivable														(30,000,000)
Purchase of property and equipment													(41,108,000)	(273,851,000)	(17,742,000)
Purchase of digital assets in Fund														(150,000,000)
Purchase of equity investments													(44,000,000)	(3,000,000)
Net cash used in investing activities													(390,228,000)	(891,136,000)	(81,288,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock, net of issuance costs													361,486,000	312,196,000	222,892,000
Proceeds from issuance of convertible debt, net of issuance costs														728,406,000
Borrowings from revolving credit agreement													120,000,000	77,500,000
Repayments of revolving credit agreement													(120,000,000)	(77,500,000)
Value of shares withheld for taxes													(81,000)	(4,714,000)
Proceeds received on exercise of options and warrants														1,445,000	6,736,000
Net cash provided by financing activities													410,655,000	1,037,333,000	229,691,000
Net (decrease) increase in cash, cash equivalents and restricted cash													(156,054,000)	127,231,000	$ 140,630,000
Previously Reported [Member]
Current assets:
Cash and cash equivalents		$ 55,339,000	$ 86,461,000	$ 117,911,000	268,522,000	$ 32,854,000	$ 170,616,000	$ 211,934,000	$ 86,461,000	$ 170,616,000	$ 55,339,000	$ 32,854,000		268,522,000
Digital assets		126,418,000	136,836,000	135,124,000	102,806,000	64,358,000	28,966,000	10,746,000	136,836,000	28,966,000	126,418,000	64,358,000		102,806,000
Digital assets held in Fund				218,237,000	223,779,000	208,765,000	166,915,000	281,823,000		166,915,000		208,765,000		223,779,000
Other receivable		1,000,000		4,720,000							1,000,000
Deposits		22,534,000	40,006,000	40,792,000	34,458,000	203,258,000	121,583,000	128,869,000	40,006,000	121,583,000	22,534,000	203,258,000		34,458,000
Digital assets, restricted		70,743,000			20,437,000						70,743,000			20,437,000
Prepaid expenses and other current assets		26,016,000	42,130,000	54,765,000	38,148,000	35,751,000	3,571,000	2,514,000	42,130,000	3,571,000	26,016,000	35,751,000		38,148,000
Total current assets		240,107,000	362,192,000	592,586,000	688,150,000	554,560,000	491,651,000	635,886,000	362,192,000	491,651,000	240,107,000	554,560,000		688,150,000
Other assets:
Property and equipment, net		403,523,000	314,257,000	333,317,000	276,243,000	93,932,000	80,151,000	41,961,000	314,257,000	80,151,000	403,523,000	93,932,000		276,243,000
Advances to vendors		687,777,000	800,205,000	594,240,000	466,255,000				800,205,000		687,777,000			466,255,000
Investments		37,000,000	17,000,000	13,500,000	3,000,000				17,000,000		37,000,000			3,000,000
Long term prepaids		8,704,000		3,131,000	13,666,000	14,900,000	11,095,000	7,854,000		11,095,000	8,704,000	14,900,000		13,666,000
Intangible assets, net					931,000	949,000	967,000	985,000		967,000		949,000		931,000
Total other assets		1,235,671,000	1,147,386,000	945,514,000	760,095,000	109,781,000	92,213,000	50,800,000	1,147,386,000	92,213,000	1,235,671,000	109,781,000		760,095,000
TOTAL ASSETS		1,475,778,000	1,509,578,000	1,538,100,000	1,448,245,000	664,341,000	583,864,000	686,686,000	1,509,578,000	583,864,000	1,475,778,000	664,341,000		1,448,245,000
Current liabilities:
Accounts payable		19,051,000	48,577,000	7,715,000	10,773,000	2,814,000	437,000	344,000	48,577,000	437,000	19,051,000	2,814,000		10,773,000
Accrued expenses		2,141,000	5,783,000	4,125,000	2,155,000	561,000	2,190,000	643,000	5,783,000	2,190,000	2,141,000	561,000		2,155,000
Current portion of accrued interest		2,844,000	623,000	2,710,000	867,000				623,000		2,844,000			867,000
Total current liabilities		45,542,000	90,145,000	14,814,000	13,795,000	3,925,000	3,345,000	2,901,000	90,145,000	3,345,000	45,542,000	3,925,000		13,795,000
Long-term liabilities:
Notes payable		731,319,000	730,348,000	729,377,000	728,406,000				730,348,000		731,319,000			728,406,000
Deferred tax liabilities		22,820,000	28,571,000	18,724,000	23,021,000				28,571,000		22,820,000			23,021,000
Total long-term liabilities		805,134,000	759,986,000	749,172,000	751,427,000			63,000	759,986,000		805,134,000			751,427,000
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock
Common stock		12,000	11,000	11,000	10,000	10,000	10,000	10,000	11,000	10,000	12,000	10,000		10,000
Additional paid-in capital		1,057,798,000	1,016,722,000	939,742,000	835,694,000	824,613,000	722,543,000	716,862,000	1,016,722,000	722,543,000	1,057,798,000	824,613,000		835,694,000
Accumulated other comprehensive loss		(451,000)	(451,000)	(451,000)	(451,000)	(451,000)	(451,000)	(451,000)	(451,000)	(451,000)	(451,000)	(451,000)		(451,000)
Accumulated deficit		(432,257,000)	(356,835,000)	(165,188,000)	(152,230,000)	(163,756,000)	(141,583,000)	(32,699,000)	(356,835,000)	(141,583,000)	(432,257,000)	(163,756,000)		(152,230,000)
Total stockholders’ equity		625,102,000	659,447,000	774,114,000	683,023,000	660,416,000	580,519,000	683,722,000	659,447,000	580,519,000	625,102,000	660,416,000		683,023,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		1,475,778,000	1,509,578,000	1,538,100,000	1,448,245,000	664,341,000	583,864,000	686,686,000	1,509,578,000	583,864,000	1,475,778,000	664,341,000		1,448,245,000
Total revenues		12,690,000	24,922,000	51,718,000	60,282,000	51,707,000	29,322,000	9,153,000	76,640,000	38,475,000	89,330,000	90,182,000		150,464,000
Cost of revenues
Cost of revenues - energy, hosting and other		(13,773,000)	(16,685,000)	(12,517,000)	(7,145,000)	(5,923,000)	(4,056,000)	(1,668,000)	(29,202,000)	(5,724,000)	(42,975,000)	(11,647,000)		(18,792,000)
Cost of revenues - depreciation and amortization		(26,295,000)	(24,710,000)	(13,877,000)	(6,888,000)	(4,340,000)	(2,938,000)	(738,000)	(38,587,000)	(3,676,000)	(64,882,000)	(8,016,000)		(14,904,000)
Total cost of revenues		(40,068,000)	(41,395,000)	(26,394,000)	(14,033,000)	(10,263,000)	(6,994,000)	(2,406,000)	(67,789,000)	(9,400,000)	(107,857,000)	(19,663,000)		(33,696,000)
Operating expenses
General and administrative expenses		(12,118,000)	(12,420,000)	(13,980,000)	(13,536,000)	(98,999,000)	(6,628,000)	(53,140,000)	(26,400,000)	(59,768,000)	(38,518,000)	(158,767,000)		(172,303,000)
Impairment of digital assets		(5,904,000)	(127,590,000)	(19,551,000)	(11,080,000)	(6,732,000)	(11,079,000)	662,000	(147,141,000)	(11,741,000)	(153,045,000)	(18,473,000)		(29,553,000)
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets					5,000	8,000	1,000			1,000		9,000		14,000
Realized and unrealized gains (losses) on digital assets held within Investment Fund
Total operating expenses		(19,034,000)	(81,828,000)	(34,450,000)	(24,611,000)	(105,723,000)	(17,706,000)	53,802,000	(116,278,000)	(71,508,000)	(135,312,000)	(177,231,000)		(201,842,000)
Change in fair value of digital assets held in Fund		234,000	79,910,000	5,542,000	(15,013,000)	(41,850,000)	114,908,000	(131,823,000)	85,452,000	(16,915,000)	85,686,000	(58,765,000)		73,779,000
Other non-operating income (loss)		238,000	165,000	227,000	(552,000)	253,000	1,400,000	(1,408,000)	392,000	(8,000)	630,000	245,000		(307,000)
Interest expense		(3,752,000)	(3,748,000)	(2,814,000)	(1,567,000)		(1,000)	(1,000)	(6,562,000)	(2,000)	(10,314,000)	(2,000)		(1,570,000)
Income (loss) before income taxes		(81,173,000)	(181,794,000)	(17,255,000)	34,532,000	(22,176,000)	(108,887,000)	83,359,000	(199,049,000)	(25,528,000)	(280,222,000)	(47,704,000)		(13,172,000)
Income tax benefit (expense)		5,750,000	(9,852,000)	4,296,000	(23,006,000)	3,000	2,000	1,000	(5,556,000)	1,000	194,000	4,000		(23,003,000)
Net income (loss)		$ (75,423,000)	$ (191,646,000)	$ (12,959,000)	$ 11,526,000	$ (22,173,000)	$ (108,885,000)	$ 83,358,000	$ (204,605,000)	$ (25,527,000)	$ (280,028,000)	$ (47,700,000)		$ (36,175,000)
Net loss per share, basic and diluted:		$ (0.65)	$ (1.75)	$ (0.13)	$ 0.11	$ (0.22)	$ (1.09)	$ 0.88	$ (1.93)	$ (0.26)	$ (2.56)	$ (0.49)		$ (0.36)
Weighted average shares outstanding, basic and diluted:		116,533,816	109,437,293	103,102,596	102,620,749	100,803,809	99,466,946	94,350,216	106,101,762	96,922,964	109,492,865	98,230,795		99,337,587
Other comprehensive income (loss)
Foreign currency translation adjustments
Comprehensive income (loss)		(75,423,000)	(191,646,000)	(12,959,000)	11,526,000	(22,173,000)	(108,885,000)	83,358,000	(204,605,000)	(25,527,000)	(280,028,000)	(47,700,000)		(36,175,000)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss														(36,175,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization														14,904,000
Deferred tax expense (benefit)				(4,296,000)					5,550,000		(194,000)			23,021,000
Realized and unrealized losses (gains) on digital assets held within Investment Fund
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets					(5,000)	(8,000)	(1,000)			(1,000)		(9,000)		(14,000)
Change in fair value of digital assets held in Investment Fund				5,542,000				(131,823,000)	85,452,000	(16,915,000)	85,686,000	(58,765,000)		(73,779,000)
Impairment of digital assets														29,553,000
Stock-based compensation														160,786,000
Other adjustments from operations, net									498,000	859,000	898,000			1,069,000
Changes in operating assets and liabilities:
Digital assets														(150,513,000)
Prepaid expenses and other assets				(6,211)					(1,269,000)		(30,583)	(28,700)		136,000
Accounts payable and accrued expenses				(1,087,000)				(14,000)		1,627,000	8,094,000	2,375,000		11,927,000
Accrued interest														867,000
Net cash used in operating activities				(26,059,000)				(3,084,000)	(40,839,000)	(6,792,000)	(84,243,000)	(43,915,000)		(18,218,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to vendors														(435,065,000)
Loan receivable														(30,000,000)
Purchase of property and equipment														(273,851,000)
Purchase of digital assets in Fund														(150,000,000)
Purchase of equity investments														(3,000,000)
Sale of digital assets in Fund
Net cash used in investing activities				(209,425,000)				(238,662,000)	(334,020,000)	(272,462,000)	(368,073,000)	(372,223,000)		(891,916,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock, net of issuance costs														312,196,000
Proceeds from issuance of convertible debt, net of issuance costs														728,406,000
Borrowings from revolving credit agreement														77,500,000
Repayments of revolving credit agreement														(77,500,000)
Value of shares withheld for taxes														(4,714,000)
Proceeds received on exercise of options and warrants														1,445,000
Net cash provided by financing activities				85,473,000				312,357,000	195,998,000	308,547,000	247,899,000	307,669,000		1,037,333,000
Net (decrease) increase in cash, cash equivalents and restricted cash				(150,011,000)				70,611,000	(178,861,000)	29,293,000	(204,417,000)	(108,469,000)		127,199,000
Cash, cash equivalents and restricted cash — beginning of period	$ 64,139,000	89,661,000	118,511,000	268,522,000	32,854,000	170,616,000	211,934,000	141,323,000	268,522,000	141,323,000	268,522,000	141,323,000	268,522,000	141,323,000
Cash, cash equivalents and restricted cash — end of period					268,522,000									268,522,000
Revision of Prior Period, Adjustment [Member]
Current assets:
Cash and cash equivalents			(500,000)	31,000	34,000		38,000		(500,000)	38,000				34,000
Digital assets		(5,433,000)	(9,344,000)	(6,204,000)	(2,448,000)	(1,597,000)	(2,148,000)	(204,000)	(9,344,000)	(2,148,000)	(5,433,000)	(1,597,000)		(2,448,000)
Digital assets held in Fund				202,000	137,000	144,000	111,000	205,000		111,000		144,000		137,000
Other receivable
Deposits
Digital assets, restricted		(3,039,000)									(3,039,000)
Prepaid expenses and other current assets		(1,000,000)	(1,000,000)	(2,000,000)	(3,000,000)				(1,000,000)		(1,000,000)			(3,000,000)
Total current assets		(6,433,000)	(14,501,000)	(7,971,000)	(5,277,000)	(1,453,000)	(1,999,000)	1,000	(14,501,000)	(1,999,000)	(6,433,000)	(1,453,000)		(5,277,000)
Other assets:
Property and equipment, net		(6,237,000)	(4,122,000)						(4,122,000)		(6,237,000)
Advances to vendors
Investments		(10,000)	(10,000)	20,000					(10,000)		(10,000)
Long term prepaids		1,000,000	1,000,000	2,000,000					1,000,000		1,000,000
Intangible assets, net
Total other assets		(8,286,000)	(3,132,000)	2,020,000					(3,132,000)		(8,286,000)
TOTAL ASSETS		(14,719,000)	(17,633,000)	(5,951,000)	(5,277,000)	(1,453,000)	(1,999,000)	1,000	(17,633,000)	(1,999,000)	(14,719,000)	(1,453,000)		(5,277,000)
Current liabilities:
Accounts payable					(3,000,000)									(3,000,000)
Accrued expenses		45,000	(216,000)	517,000	455,000	144,000	149,000	205,000	(216,000)	149,000	45,000	144,000		455,000
Current portion of accrued interest
Total current liabilities		45,000	(216,000)	517,000	(2,545,000)	144,000	149,000	205,000	(216,000)	149,000	45,000	144,000		(2,545,000)
Long-term liabilities:
Notes payable
Deferred tax liabilities		(1,223,000)	(1,134,000)	(1,711,000)	(781,000)				(1,134,000)		(1,223,000)			(781,000)
Total long-term liabilities		(1,223,000)	(1,134,000)	(1,711,000)	(781,000)				(1,134,000)		(1,223,000)			(781,000)
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock
Common stock
Additional paid-in capital
Accumulated other comprehensive loss		451,000	451,000	451,000	451,000				451,000		451,000			451,000
Accumulated deficit		(13,992,000)	(16,734,000)	(5,208,000)	(2,402,000)	(1,597,000)	(2,148,000)	(204,000)	(16,734,000)	(2,148,000)	(13,992,000)	(1,597,000)		(2,402,000)
Total stockholders’ equity		(13,541,000)	(16,283,000)	(4,757,000)	(1,951,000)	(1,597,000)	(2,148,000)	(204,000)	(16,283,000)	(2,148,000)	(13,541,000)	(1,597,000)		(1,951,000)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		(14,719,000)	(17,633,000)	(5,951,000)	(5,277,000)	(1,453,000)	(1,999,000)	1,000	(17,633,000)	(1,999,000)	(14,719,000)	(1,453,000)		(5,277,000)
Total revenues			1,000	5,000	8,075,000	624,000			6,000		6,000	624,000		8,699,000
Cost of revenues
Cost of revenues - energy, hosting and other			(1,000)	(5,000)	(8,075,000)	(624,000)			(6,000)		(6,000)	(624,000)		(8,699,000)
Cost of revenues - depreciation and amortization
Total cost of revenues			(1,000)	(5,000)	(8,075,000)	(624,000)			(6,000)		(6,000)	(624,000)		(8,699,000)
Operating expenses
General and administrative expenses		(28,000)	(221,000)	(214,000)	(557,000)	(237,000)	(203,000)	(205,000)	(435,000)	(408,000)	(463,000)			(1,202,000)
Impairment of digital assets		4,529,000	(6,797,000)	(3,756,000)	(851,000)	551,000	(1,944,000)	204,000	(10,553,000)	(2,148,000)	(6,024,000)	(1,597,000)		(2,448,000)
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets
Realized and unrealized gains (losses) on digital assets held within Investment Fund											85,017,000			74,696,000
Total operating expenses		2,386,000	(90,829,000)	(9,298,000)	13,878,000	42,401,000	(116,852,000)	(131,619,000)	(100,127,000)	14,767,000	(97,741,000)	57,168,000		71,046,000
Change in fair value of digital assets held in Fund		(234,000)	(79,910,000)	(5,542,000)	15,013,000	41,850,000	(114,908,000)	131,823,000	(85,452,000)	16,915,000	(85,686,000)	58,765,000		(73,779,000)
Other non-operating income (loss)			(30,000)	20,000					(10,000)		(10,000)
Interest expense
Income (loss) before income taxes		2,620,000	(10,949,000)	(3,736,000)	(1,135,000)	551,000	(1,944,000)	(204,000)	(14,685,000)	(2,148,000)	(12,065,000)	(1,597,000)		(2,733,000)
Income tax benefit (expense)		122,000	(577,000)	930,000	781,000				353,000		475,000			781,000
Net income (loss)		$ 2,742,000	$ (11,526,000)	$ (2,806,000)	$ (354,000)	$ 551,000	$ (1,944,000)	$ (204,000)	$ (14,332,000)	$ (2,148,000)	$ (11,590,000)	$ (1,597,000)		$ (1,952,000)
Net loss per share, basic and diluted:		$ 0.02	$ (0.11)	$ (0.03)		$ 0.01	$ (0.02)		$ (0.14)	$ (0.02)	$ (0.11)	$ (0.02)		$ (0.02)
Weighted average shares outstanding, basic and diluted:		116,533,816	109,437,293	103,102,596	102,620,749	100,803,809	99,466,946	94,350,216	106,101,762	96,922,964	109,492,865	98,230,795		99,337,587
Other comprehensive income (loss)
Foreign currency translation adjustments					$ (451,000)									$ (451,000)
Comprehensive income (loss)		2,742,000	(11,526,000)	(2,806,000)	(805,000)	551,000	(1,944,000)	(204,000)	(14,332,000)	(2,148,000)	(11,590,000)	(1,597,000)		(2,403,000)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss														(1,951,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Deferred tax expense (benefit)				(930,000)					(353,000)		(475,000)			(781,000)
Realized and unrealized losses (gains) on digital assets held within Investment Fund				5,328,000				(131,823)	85,017,000	(17,323,000)		(59,410,000)		(74,696,000)
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets
Change in fair value of digital assets held in Investment Fund				(5,542,000)				131,823,000	(85,452,000)	16,915,000	(85,686,000)	58,765,000		73,779,000
Impairment of digital assets														2,447,000
Stock-based compensation
Other adjustments from operations, net				(222,000)				(205,000)	447,000	296,000	1,181,000	502,000		(1,000)
Changes in operating assets and liabilities:
Digital assets
Prepaid expenses and other assets
Accounts payable and accrued expenses				447,000				205,000		150,000	(206,000)	144,000		455,000
Accrued interest
Net cash used in operating activities				31,000					1,000	38,000	501,000			(748,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to vendors
Loan receivable
Purchase of property and equipment
Purchase of digital assets in Fund
Purchase of equity investments
Sale of digital assets in Fund														780,000
Net cash used in investing activities									(500,000)		(500,000)			780,000
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock, net of issuance costs
Proceeds from issuance of convertible debt, net of issuance costs
Borrowings from revolving credit agreement
Repayments of revolving credit agreement
Value of shares withheld for taxes
Proceeds received on exercise of options and warrants
Net cash provided by financing activities
Net (decrease) increase in cash, cash equivalents and restricted cash				31,000					(499,000)	38,000	1,000			32,000
Cash, cash equivalents and restricted cash — beginning of period	1,000	(499,000)	31,000			38,000
Cash, cash equivalents and restricted cash — end of period					32,000									32,000
Accounting Policy Adjustments [Member]
Current assets:
Cash and cash equivalents
Digital assets				527,000	(5,133,000)	(2,363,000)						(2,363,000)		(5,133,000)
Digital assets held in Fund
Other receivable				25,150,000	26,933,000	12,710,000						12,710,000		26,933,000
Deposits
Digital assets, restricted					(20,437,000)									(20,437,000)
Prepaid expenses and other current assets
Total current assets				5,240,000	1,363,000	773,000						773,000		1,363,000
Other assets:
Property and equipment, net
Advances to vendors
Investments
Long term prepaids
Intangible assets, net
Total other assets
TOTAL ASSETS				5,240,000	1,363,000	773,000						773,000		1,363,000
Current liabilities:
Accounts payable
Accrued expenses
Current portion of accrued interest
Total current liabilities
Long-term liabilities:
Notes payable
Deferred tax liabilities		1,367,000	1,353,000	1,300,000	335,000				1,353,000		1,367,000			335,000
Total long-term liabilities		1,367,000	1,353,000	1,300,000	335,000				1,353,000		1,367,000			335,000
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock
Common stock
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit		(1,367,000)	(1,353,000)	3,940,000	1,028,000	773,000			(1,353,000)		(1,367,000)	773,000		1,028,000
Total stockholders’ equity		(1,367,000)	(1,353,000)	3,940,000	1,028,000	773,000			(1,353,000)		(1,367,000)	773,000		1,028,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY				5,240,000	1,363,000	773,000						773,000		1,363,000
Total revenues
Cost of revenues
Cost of revenues - energy, hosting and other
Cost of revenues - depreciation and amortization
Total cost of revenues
Operating expenses
General and administrative expenses			2,173,000	(1,322,000)	(423,000)	(428,000)			851,000		851,000	(428,000)		(851,000)
Impairment of digital assets			6,586,000	5,660,000	78,000	1,593,000			12,246,000		12,246,000	1,593,000		1,671,000
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets			(13,999,000)	(461,000)	935,000	(392,000)			(14,460,000)		(14,460,000)	(392,000)		543,000
Realized and unrealized gains (losses) on digital assets held within Investment Fund
Total operating expenses			(5,240,000)	3,877,000	590,000	773,000			(1,363,000)		(1,363,000)	773,000		1,363,000
Change in fair value of digital assets held in Fund
Other non-operating income (loss)					19,000									19,000
Interest expense
Income (loss) before income taxes			(5,240,000)	3,877,000	609,000	773,000			(1,363,000)		(1,363,000)	773,000		1,382,000
Income tax benefit (expense)		(14,000)	(54,000)	(965,000)	(354,000)				(1,019,000)		(1,033,000)			(354,000)
Net income (loss)		$ (14,000)	$ (5,294,000)	$ 2,912,000	$ 255,000	$ 773,000			$ (2,382,000)		$ (2,396,000)	$ 773,000		$ 1,028,000
Net loss per share, basic and diluted:			$ (0.05)	$ 0.03		$ 0.01			$ (0.02)		$ (0.02)	$ 0.01		$ 0.01
Weighted average shares outstanding, basic and diluted:		116,533,816	109,437,293	103,102,596	102,620,749	100,803,809	99,466,946	94,350,216	106,101,762	96,922,964	109,492,865	98,230,795		99,337,587
Other comprehensive income (loss)
Foreign currency translation adjustments
Comprehensive income (loss)		(14,000)	(5,294,000)	2,912,000	255,000	773,000			(2,382,000)		(2,396,000)	773,000		1,028,000
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss														1,028,000
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
Deferred tax expense (benefit)				965,000							1,033,000			335,000
Realized and unrealized losses (gains) on digital assets held within Investment Fund
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets			13,999,000	461,000	(935,000)	392,000			14,460,000		14,460,000	392,000		(543,000)
Change in fair value of digital assets held in Investment Fund
Impairment of digital assets														(1,671,000)
Stock-based compensation
Other adjustments from operations, net
Changes in operating assets and liabilities:
Digital assets
Prepaid expenses and other assets				1,322							(851)	428		851,000
Accounts payable and accrued expenses
Accrued interest
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to vendors
Loan receivable
Purchase of property and equipment
Purchase of digital assets in Fund
Purchase of equity investments
Sale of digital assets in Fund
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock, net of issuance costs
Proceeds from issuance of convertible debt, net of issuance costs
Borrowings from revolving credit agreement
Repayments of revolving credit agreement
Value of shares withheld for taxes
Proceeds received on exercise of options and warrants
Net cash provided by financing activities
Net (decrease) increase in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash — beginning of period
Cash, cash equivalents and restricted cash — end of period
As Restated [Member]
Current assets:
Cash and cash equivalents		55,339,000	85,961,000	117,942,000	268,556,000	32,854,000	170,654,000	211,934,000	85,961,000	170,654,000	55,339,000	32,854,000		268,556,000
Digital assets		120,985,000	127,492,000	129,447,000	95,225,000	60,398,000	26,818,000	10,542,000	127,492,000	26,818,000	120,985,000	60,398,000		95,225,000
Digital assets held in Fund				218,439,000	223,916,000	208,909,000	167,026,000	282,028,000		167,026,000		208,909,000		223,916,000
Other receivable		1,000,000		29,870,000	26,933,000	12,710,000					1,000,000	12,710,000		26,933,000
Deposits		22,534,000	40,006,000	40,792,000	34,458,000	203,258,000	121,583,000	128,869,000	40,006,000	121,583,000	22,534,000	203,258,000		34,458,000
Digital assets, restricted		67,704,000									67,704,000
Prepaid expenses and other current assets		25,016,000	41,130,000	52,765,000	35,148,000	35,751,000	3,571,000	2,514,000	41,130,000	3,571,000	25,016,000	35,751,000		35,148,000
Total current assets		233,674,000	347,691,000	589,855,000	684,236,000	553,880,000	489,652,000	635,887,000	347,691,000	489,652,000	233,674,000	553,880,000		684,236,000
Other assets:
Property and equipment, net		397,286,000	310,135,000	333,317,000	276,243,000	93,932,000	80,151,000	41,961,000	310,135,000	80,151,000	397,286,000	93,932,000		276,243,000
Advances to vendors		687,777,000	800,205,000	594,240,000	466,255,000				800,205,000		687,777,000			466,255,000
Investments		36,990,000	16,990,000	13,520,000	3,000,000				16,990,000		36,990,000			3,000,000
Long term prepaids		9,704,000	1,000,000	5,131,000	13,666,000	14,900,000	11,095,000	7,854,000	1,000,000	11,095,000	9,704,000	14,900,000		13,666,000
Intangible assets, net					931,000	949,000	967,000	985,000		967,000		949,000		931,000
Total other assets		1,227,385,000	1,144,254,000	947,534,000	760,095,000	109,781,000	92,213,000	50,800,000	1,144,254,000	92,213,000	1,227,385,000	109,781,000		760,095,000
TOTAL ASSETS		1,461,059,000	1,491,945,000	1,537,389,000	1,444,331,000	663,661,000	581,865,000	686,687,000	1,491,945,000	581,865,000	1,461,059,000	663,661,000		1,444,331,000
Current liabilities:
Accounts payable		19,051,000	48,577,000	7,715,000	7,773,000	2,814,000	437,000	344,000	48,577,000	437,000	19,051,000	2,814,000		7,773,000
Accrued expenses		2,186,000	5,567,000	4,642,000	2,610,000	705,000	2,339,000	848,000	5,567,000	2,339,000	2,186,000	705,000		2,610,000
Current portion of accrued interest		2,844,000	623,000	2,710,000	867,000				623,000		2,844,000			867,000
Total current liabilities		45,587,000	89,929,000	15,331,000	11,250,000	4,069,000	3,494,000	3,106,000	89,929,000	3,494,000	45,587,000	4,069,000		11,250,000
Long-term liabilities:
Notes payable		731,319,000	730,348,000	729,377,000	728,406,000				730,348,000		731,319,000			728,406,000
Deferred tax liabilities		22,964,000	28,790,000	18,313,000	22,575,000				28,790,000		22,964,000			22,575,000
Total long-term liabilities		805,278,000	760,205,000	748,761,000	750,981,000			63,000	760,205,000		805,278,000			750,981,000
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock
Common stock		12,000	11,000	11,000	10,000	10,000	10,000	10,000	11,000	10,000	12,000	10,000		10,000
Additional paid-in capital		1,057,798,000	1,016,722,000	939,742,000	835,694,000	824,613,000	722,543,000	716,862,000	1,016,722,000	722,543,000	1,057,798,000	824,613,000		835,694,000
Accumulated other comprehensive loss						(451,000)	(451,000)	(451,000)		(451,000)		(451,000)
Accumulated deficit		(447,616,000)	(374,922,000)	(166,456,000)	(153,604,000)	(164,580,000)	(143,731,000)	(32,903,000)	(374,922,000)	(143,731,000)	(447,616,000)	(164,580,000)		(153,604,000)
Total stockholders’ equity		610,194,000	641,811,000	773,297,000	682,100,000	659,592,000	578,371,000	683,518,000	641,811,000	578,371,000	610,194,000	659,592,000		682,100,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		1,461,059,000	1,491,945,000	1,537,389,000	1,444,331,000	663,661,000	581,865,000	686,687,000	1,491,945,000	581,865,000	1,461,059,000	663,661,000		1,444,331,000
Total revenues		12,690,000	24,923,000	51,723,000	68,357,000	52,331,000	29,322,000	9,153,000	76,646,000	38,475,000	89,336,000	90,806,000		159,163,000
Cost of revenues
Cost of revenues - energy, hosting and other		(13,773,000)	(16,686,000)	(12,522,000)	(15,220,000)	(6,547,000)	(4,056,000)	(1,668,000)	(29,208,000)	(5,724,000)	(42,981,000)	(12,271,000)		(27,491,000)
Cost of revenues - depreciation and amortization		(26,295,000)	(24,710,000)	(13,877,000)	(6,888,000)	(4,340,000)	(2,938,000)	(738,000)	(38,587,000)	(3,676,000)	(64,882,000)	(8,016,000)		(14,904,000)
Total cost of revenues		(40,068,000)	(41,396,000)	(26,399,000)	(22,108,000)	(10,887,000)	(6,994,000)	(2,406,000)	(67,795,000)	(9,400,000)	(107,863,000)	(20,287,000)		(42,395,000)
Operating expenses
General and administrative expenses		(12,146,000)	(10,468,000)	(15,516,000)	(14,516,000)	(99,664,000)	(6,831,000)	(53,345,000)	(25,984,000)	(60,176,000)	(38,130,000)	(159,840,000)		(174,356,000)
Impairment of digital assets		(1,375,000)	(127,801,000)	(17,647,000)	(11,853,000)	(4,588,000)	(13,023,000)	866,000	(145,448,000)	(13,889,000)	(146,823,000)	(18,477,000)		(30,330,000)
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets			(13,999,000)	(461,000)	940,000	(384,000)	1,000		(14,460,000)	1,000	(14,460,000)	(383,000)		557,000
Realized and unrealized gains (losses) on digital assets held within Investment Fund											85,017,000			74,696,000
Total operating expenses		(16,648,000)	(177,897,000)	(39,871,000)	(10,143,000)	(62,549,000)	(134,558,000)	(77,817,000)	(217,768,000)	(56,741,000)	(234,416,000)	(119,290,000)		(129,433,000)
Change in fair value of digital assets held in Fund
Other non-operating income (loss)		238,000	135,000	247,000	(533,000)	253,000	1,400,000	(1,408,000)	382,000	(8,000)	620,000	245,000		(288,000)
Interest expense		(3,752,000)	(3,748,000)	(2,814,000)	(1,567,000)		(1,000)	(1,000)	(6,562,000)	(2,000)	(10,314,000)	(2,000)		(1,570,000)
Income (loss) before income taxes		(78,553,000)	(197,983,000)	(17,114,000)	34,006,000	(20,852,000)	(110,831,000)	83,155,000	(215,097,000)	(27,676,000)	(293,650,000)	(48,528,000)		(14,523,000)
Income tax benefit (expense)		5,858,000	(10,483,000)	4,261,000	(22,579,000)	3,000	2,000	1,000	(6,222,000)	1,000	(364,000)	4,000		(22,576,000)
Net income (loss)		$ (72,695,000)	$ (208,466,000)	$ (12,853,000)	$ 11,427,000	$ (20,849,000)	$ (110,829,000)	$ 83,154,000	$ (221,319,000)	$ (27,675,000)	$ (294,014,000)	$ (48,524,000)		$ (37,099,000)
Net loss per share, basic and diluted:		$ (0.62)	$ (1.90)	$ (0.12)	$ 0.11	$ (0.21)	$ (1.11)	$ 0.88	$ (2.09)	$ (0.29)	$ (2.69)	$ (0.49)		$ (0.37)
Weighted average shares outstanding, basic and diluted:		116,533,816	109,437,293	103,102,596	102,620,749	100,803,809	99,466,946	94,350,216	106,101,762	96,922,964	109,492,865	98,230,795		99,337,587
Other comprehensive income (loss)
Foreign currency translation adjustments					$ (451,000)									$ (451,000)
Comprehensive income (loss)		(72,695,000)	(208,466,000)	(12,853,000)	10,976,000	(20,849,000)	(110,829,000)	83,154,000	(221,319,000)	(27,675,000)	(294,014,000)	(48,524,000)		(37,550,000)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss														(37,098,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization														14,904,000
Deferred tax expense (benefit)				(4,261,000)					6,216,000		364,000			22,575,000
Realized and unrealized losses (gains) on digital assets held within Investment Fund				5,328,000				(131,823)	85,017,000	(17,323,000)		(59,410,000)		(74,696,000)
Realized and unrealized gains (losses) on digital assets loan receivable and digital assets			13,999,000	461,000	(940,000)	384,000	(1,000)		14,460,000	(1,000)	14,460,000	383,000		(557,000)
Change in fair value of digital assets held in Investment Fund
Impairment of digital assets														30,329,000
Stock-based compensation														160,786,000
Other adjustments from operations, net				(222,000)				(205,000)	945,000	1,155,000	2,079,000	502,000		1,068,000
Changes in operating assets and liabilities:
Digital assets														(150,513,000)
Prepaid expenses and other assets				(4,889)					(2,120,000)		(31,434)	(28,272)		987,000
Accounts payable and accrued expenses				(640,000)				191,000		1,777,000	7,888,000	2,519,000		12,382,000
Accrued interest														867,000
Net cash used in operating activities				(26,028,000)				(3,084,000)	(40,838,000)	(6,754,000)	(83,742,000)	(43,915,000)		(18,966,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to vendors														(435,065,000)
Loan receivable														(30,000,000)
Purchase of property and equipment														(273,851,000)
Purchase of digital assets in Fund														(150,000,000)
Purchase of equity investments														(3,000,000)
Sale of digital assets in Fund														780,000
Net cash used in investing activities				(209,425,000)				(238,662,000)	(334,520,000)	(272,462,000)	(368,573,000)	(372,223,000)		(891,136,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock, net of issuance costs														312,196,000
Proceeds from issuance of convertible debt, net of issuance costs														728,406,000
Borrowings from revolving credit agreement														77,500,000
Repayments of revolving credit agreement														(77,500,000)
Value of shares withheld for taxes														(4,714,000)
Proceeds received on exercise of options and warrants														1,445,000
Net cash provided by financing activities				85,473,000				312,357,000	195,998,000	308,547,000	247,899,000	307,669,000		1,037,333,000
Net (decrease) increase in cash, cash equivalents and restricted cash				(149,980,000)				70,611,000	(179,360,000)	29,331,000	(204,416,000)	(108,469,000)		127,231,000
Cash, cash equivalents and restricted cash — beginning of period	$ 64,140,000	$ 89,162,000	$ 118,542,000	$ 268,522,000	32,854,000	$ 170,654,000	$ 211,934,000	$ 141,323,000	$ 268,522,000	$ 141,323,000	$ 268,522,000	$ 141,323,000	$ 268,522,000	141,323,000
Cash, cash equivalents and restricted cash — end of period					$ 268,554,000									$ 268,554,000