v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 218,162 $ 274,065
Digital currency 1,400 476
Prepaid expenses 4,799 2,493
Other receivables 5,101 3,799
Other current assets 585 598
Total current assets 230,047 281,431
Property, plant and equipment, net 509,888 411,869
Operating lease right-of-use asset 85,299 85,898
Finance lease right-of-use asset 7,200 7,285
Other assets 8,728 1,028
TOTAL ASSETS 841,162 787,511
CURRENT LIABILITIES:    
Accounts payable 54,901 24,382
Accrued construction liabilities 19,526 16,520
Accrued compensation 1,512 4,552
Accrued interest 5,997 2,559
Other accrued liabilities 6,432 2,414
Other amounts due to related parties 571 1,391
Current portion of deferred rent liability 31,960 0
Current portion of operating lease liability 26 25
Current portion of finance lease liability 2 2
Total current liabilities 120,927 51,845
Deferred rent liability, net of current portion 58,040 0
Operating lease liability, net of current portion 3,420 3,427
Finance lease liability, net of current portion 291 292
Convertible notes 488,109 487,502
TOTAL LIABILITIES 670,787 543,066
Commitments and Contingencies (See Note 10)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value, 100,000,000 authorized at March 31, 2025 and December 31, 2024; 9,566 issued and outstanding at March 31, 2025 and December 31, 2024; aggregate liquidation preference of $12,924 and $12,609 at March 31, 2025 and December 31, 2024, respectively 9,273 9,273
Common stock, $0.001 par value, 600,000,000 authorized at March 31, 2025 and December 31, 2024, respectively; 408,198,263 and 404,223,028 issued and outstanding at March 31, 2025 and December 31, 2024, respectively 408 404
Additional paid-in capital 705,897 685,261
Treasury stock at cost, 24,468,750 and 18,568,750 at March 31, 2025 and December 31, 2024, respectively (151,509) (118,217)
Accumulated deficit (393,694) (332,276)
Total stockholders' equity 170,375 244,445
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 841,162 $ 787,511

Source

HTML PDF
ZIP