Annual report pursuant to Section 13 and 15(d)

SCHEDULE OF UNAUDITED INTERIM BALANCE SHEET (Details)

v3.22.4
SCHEDULE OF UNAUDITED INTERIM BALANCE SHEET (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 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 273,026       276,243      
Advances to vendors 488,299       466,255      
Investments 37,000       3,000      
Digital assets, restricted 68,875            
Long term deposits 40,903            
Long term prepaids 8,317       13,666      
Right-of-use assets 1,276            
Intangible assets, net       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      
Operating lease liabilities 1,017            
Deferred tax liabilities       22,575      
Term loan 49,882            
Total long-term liabilities 783,188       750,981      
Commitments and Contingencies            
Stockholders’ Equity:                
Preferred stock            
Common stock 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      
Previously Reported [Member]                
Current assets:                
Cash and cash equivalents   $ 55,339 $ 86,461 $ 117,911 268,522 $ 32,854 $ 170,616 $ 211,934
Restricted cash   8,800 3,200 600        
Digital assets   126,418 136,836 135,124 102,806 64,358 28,966 10,746
Digital assets held in Fund       218,237 223,779 208,765 166,915 281,823
Other receivable   1,000   4,720    
Deposits   22,534 40,006 40,792 34,458 203,258 121,583 128,869
Digital assets, restricted     53,559 20,437   9,574    
Prepaid expenses and other current assets   26,016 42,130 54,765 38,148 35,751 3,571 2,514
Total current assets   240,107 362,192 592,586 688,150 554,560 491,651 635,886
Other assets:                
Property and equipment, net   403,523 314,257 333,317 276,243 93,932 80,151 41,961
Assets held for sale     14,758          
Advances to vendors   687,777 800,205 594,240 466,255      
Investments   37,000 17,000 13,500 3,000      
Digital assets, restricted   70,743     20,437      
Long term deposits   26,554            
Long term prepaids   8,704 3,131 13,666 14,900 11,095 7,854
Right-of-use assets   1,370 1,166 1,326        
Intangible assets, net         931 949 967 985
Total other assets   1,235,671 1,147,386 945,514 760,095 109,781 92,213 50,800
TOTAL ASSETS   1,475,778 1,509,578 1,538,100 1,448,245 664,341 583,864 686,686
Current liabilities:                
Accounts payable   19,051 48,577 7,715 10,773 2,814 437 344
Accrued expenses   2,141 5,783 4,125 2,155 561 2,190 643
Legal reserve payable   21,200            
Warrant liability           550 718 1,914
Short term borrowings - revolving credit line     35,000          
Operating lease liabilities   306 162 264        
Current portion of accrued interest   2,844 623 2,710 867      
Total current liabilities   45,542 90,145 14,814 13,795 3,925 3,345 2,901
Long-term liabilities:                
Notes payable   731,319 730,348 729,377 728,406      
Operating lease liabilities   1,132 1,067 1,071        
Deferred tax liabilities   22,820 28,571 18,724 23,021      
Term loan   49,863           63
Total long-term liabilities   805,134 759,986 749,172 751,427     63
Commitments and Contingencies          
Stockholders’ Equity:                
Preferred stock  
Common stock   12 11 11 10 10 10 10
Additional paid-in capital   1,057,798 1,016,722 939,742 835,694 824,613 722,543 716,862
Accumulated other comprehensive loss   (451) (451) (451) (451) (451) (451) (451)
Accumulated deficit   (432,257) (356,835) (165,188) (152,230) (163,756) (141,583) (32,699)
Total stockholders’ equity   625,102 659,447 774,114 683,023 660,416 580,519 683,722
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   1,475,778 1,509,578 1,538,100 1,448,245 664,341 583,864 686,686
Revision of Prior Period, Adjustment [Member]                
Current assets:                
Cash and cash equivalents   (500) 31 34 38
Restricted cash          
Digital assets   (5,433) (9,344) (6,204) (2,448) (1,597) (2,148) (204)
Digital assets held in Fund       202 137 144 111 205
Other receivable        
Deposits  
Digital assets, restricted     (3,657)      
Prepaid expenses and other current assets   (1,000) (1,000) (2,000) (3,000)
Total current assets   (6,433) (14,501) (7,971) (5,277) (1,453) (1,999) 1
Other assets:                
Property and equipment, net   (6,237) (4,122)
Assets held for sale              
Advances to vendors        
Investments   (10) (10) 20      
Digital assets, restricted   (3,039)          
Long term deposits              
Long term prepaids   1,000 1,000 2,000
Right-of-use assets          
Intangible assets, net        
Total other assets   (8,286) (3,132) 2,020
TOTAL ASSETS   (14,719) (17,633) (5,951) (5,277) (1,453) (1,999) 1
Current liabilities:                
Accounts payable   (3,000)
Accrued expenses   45 (216) 517 455 144 149 205
Legal reserve payable              
Warrant liability          
Short term borrowings - revolving credit line              
Operating lease liabilities          
Current portion of accrued interest        
Total current liabilities   45 (216) 517 (2,545) 144 149 205
Long-term liabilities:                
Notes payable        
Operating lease liabilities          
Deferred tax liabilities   (1,223) (1,134) (1,711) (781)      
Term loan            
Total long-term liabilities   (1,223) (1,134) (1,711) (781)    
Commitments and Contingencies          
Stockholders’ Equity:                
Preferred stock  
Common stock  
Additional paid-in capital  
Accumulated other comprehensive loss   451 451 451 451
Accumulated deficit   (13,992) (16,734) (5,208) (2,402) (1,597) (2,148) (204)
Total stockholders’ equity   (13,541) (16,283) (4,757) (1,951) (1,597) (2,148) (204)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   (14,719) (17,633) (5,951) (5,277) (1,453) (1,999) 1
Accounting Policy Adjustments [Member]                
Current assets:                
Cash and cash equivalents  
Restricted cash          
Digital assets   527 (5,133) (2,363)
Digital assets held in Fund      
Other receivable     25,150 26,933 12,710    
Deposits  
Digital assets, restricted     (20,437)   (9,574)    
Prepaid expenses and other current assets  
Total current assets   5,240 1,363 773
Other assets:                
Property and equipment, net  
Assets held for sale              
Advances to vendors        
Investments        
Digital assets, restricted       (20,437)      
Long term deposits              
Long term prepaids  
Right-of-use assets          
Intangible assets, net        
Total other assets  
TOTAL ASSETS   5,240 1,363 773
Current liabilities:                
Accounts payable  
Accrued expenses  
Legal reserve payable              
Warrant liability          
Short term borrowings - revolving credit line              
Operating lease liabilities          
Current portion of accrued interest        
Total current liabilities  
Long-term liabilities:                
Notes payable        
Operating lease liabilities          
Deferred tax liabilities   1,367 1,353 1,300 335      
Term loan            
Total long-term liabilities   1,367 1,353 1,300 335    
Commitments and Contingencies          
Stockholders’ Equity:                
Preferred stock  
Common stock  
Additional paid-in capital  
Accumulated other comprehensive loss  
Accumulated deficit   (1,367) (1,353) 3,940 1,028 773
Total stockholders’ equity   (1,367) (1,353) 3,940 1,028 773
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   5,240 1,363 773
As Restated [Member]                
Current assets:                
Cash and cash equivalents   55,339 85,961 117,942 268,556 32,854 170,654 211,934
Restricted cash   8,800 3,200 600        
Digital assets   120,985 127,492 129,447 95,225 60,398 26,818 10,542
Digital assets held in Fund       218,439 223,916 208,909 167,026 282,028
Other receivable   1,000   29,870 26,933 12,710    
Deposits   22,534 40,006 40,792 34,458 203,258 121,583 128,869
Digital assets, restricted     49,902      
Prepaid expenses and other current assets   25,016 41,130 52,765 35,148 35,751 3,571 2,514
Total current assets   233,674 347,691 589,855 684,236 553,880 489,652 635,887
Other assets:                
Property and equipment, net   397,286 310,135 333,317 276,243 93,932 80,151 41,961
Assets held for sale     14,758          
Advances to vendors   687,777 800,205 594,240 466,255      
Investments   36,990 16,990 13,520 3,000      
Digital assets, restricted   67,704          
Long term deposits   26,554            
Long term prepaids   9,704 1,000 5,131 13,666 14,900 11,095 7,854
Right-of-use assets   1,370 1,166 1,326        
Intangible assets, net         931 949 967 985
Total other assets   1,227,385 1,144,254 947,534 760,095 109,781 92,213 50,800
TOTAL ASSETS   1,461,059 1,491,945 1,537,389 1,444,331 663,661 581,865 686,687
Current liabilities:                
Accounts payable   19,051 48,577 7,715 7,773 2,814 437 344
Accrued expenses   2,186 5,567 4,642 2,610 705 2,339 848
Legal reserve payable   21,200            
Warrant liability           550 718 1,914
Short term borrowings - revolving credit line     35,000          
Operating lease liabilities   306 162 264        
Current portion of accrued interest   2,844 623 2,710 867      
Total current liabilities   45,587 89,929 15,331 11,250 4,069 3,494 3,106
Long-term liabilities:                
Notes payable   731,319 730,348 729,377 728,406      
Operating lease liabilities   1,132 1,067 1,071        
Deferred tax liabilities   22,964 28,790 18,313 22,575      
Term loan   49,863           63
Total long-term liabilities   805,278 760,205 748,761 750,981     63
Commitments and Contingencies          
Stockholders’ Equity:                
Preferred stock  
Common stock   12 11 11 10 10 10 10
Additional paid-in capital   1,057,798 1,016,722 939,742 835,694 824,613 722,543 716,862
Accumulated other comprehensive loss   (451) (451) (451)
Accumulated deficit   (447,616) (374,922) (166,456) (153,604) (164,580) (143,731) (32,903)
Total stockholders’ equity   610,194 641,811 773,297 682,100 659,592 578,371 683,518
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 1,461,059 $ 1,491,945 $ 1,537,389 $ 1,444,331 $ 663,661 $ 581,865 $ 686,687