v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 23,938 $ 54,439
Digital currency 297 1,801
Prepaid expenses 3,091 4,540
Other receivables 4,383 1,001
Other current assets 706 806
Total current assets 32,415 62,587
Equity in net assets of investee 79,494 98,613
Property, plant and equipment, net 283,098 205,284
Right-of-use asset 10,188 10,943
Other assets 710 679
TOTAL ASSETS 405,905 378,106
CURRENT LIABILITIES:    
Accounts payable 19,770 15,169
Accrued construction liabilities 5,040 1,526
Other accrued liabilities 7,080 9,179
Share based liabilities due to related party 0 2,500
Other amounts due to related parties 472 972
Current portion of operating lease liability 53 48
Insurance premium financing payable 0 1,803
Current portion of long-term debt 0 123,465
Total current liabilities 32,415 154,662
Operating lease liability, net of current portion 859 899
Long-term debt 0 56
TOTAL LIABILITIES 33,274 155,617
Commitments and Contingencies (See Note 12)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, $100,000,000 authorized at September 30, 2024 and December 31, 2023; $9,566 issued and outstanding at September 30, 2024 and December 31, 2023; aggregate liquidation preference of $12,302 and $11,423 at September 30, 2024 and December 31, 2023, respectively 9,273 9,273
Common stock, $0.001 par value, $600,000,000 and 400,000,000 authorized at September 30, 2024 and December 31, 2023, respectively; $382,632,083 and $276,733,329 issued and outstanding at September 30, 2024 and December 31, 2023, respectively 383 277
Additional paid-in capital 666,055 472,834
Accumulated deficit (303,080) (259,895)
Total stockholders’ equity 372,631 222,489
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 405,905 $ 378,106

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