Annual report pursuant to Section 13 and 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 268,522,019 $ 141,322,776
Digital currencies 102,805,980 2,271,656
Digital currencies, restricted 20,437,284
Other receivable 74,767,226
Deposit 34,458,347 65,647,592
Investment fund 223,778,545
Loan receivable 30,000,000
Prepaid expenses and other current assets 8,148,016 2,399,965
Total current assets 688,150,191 286,409,215
Other assets:    
Property and equipment, net of accumulated depreciation and impairment charges of $21,311,461 and $6,480,359 for December 31, 2021 and 2020, respectively 276,242,794 17,224,321
Prepaid service contract 13,665,589 8,415,000
Right-of-use assets 200,301
Deposit, non-current 466,254,623
Investment in SAFE Agreements 3,000,000
Intangible assets, net of accumulated amortization of $280,497 and $207,598 for December 31, 2021 and 2020, respectively 931,226 1,002,402
Total other assets 760,094,232 26,842,024
TOTAL ASSETS 1,448,244,423 313,251,239
Current liabilities:    
Accounts payable and accrued expenses 12,927,139 999,742
Current portion of accrued bond interest 867,260
Current portion of lease liability 121,596
Warrant liability 322,437
Total current liabilities 13,794,399 1,443,775
Long-term liabilities    
Convertible notes payable 728,405,922
SBA PPP loan payable 62,500
Deferred tax liabilities 23,020,721
Total long-term liabilities 751,426,643 62,500
Total liabilities 765,221,042 1,506,275
Commitments and Contingencies  
Stockholders’ Equity:    
Preferred stock, 0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at December 31, 2021 and 2020, respectively
Common stock, 0.0001 par value; 200,000,000 shares authorized; 102,733,273 and 81,974,619 issued and outstanding at December 31, 2021 and 2020, respectively 10,273 8,197
Additional paid-in capital 835,693,610 428,242,763
Accumulated other comprehensive loss (450,719) (450,719)
Accumulated deficit (152,229,783) (116,055,277)
Total stockholders’ equity 683,023,381 311,744,964
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,448,244,423 $ 313,251,239