v3.24.2.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 104,109 $ 54,439
Digital currency 946 1,801
Prepaid expenses 2,850 4,540
Other receivables 2,554 1,001
Other current assets 505 806
Total current assets 110,964 62,587
Equity in net assets of investee 85,568 98,613
Property, plant and equipment, net 272,049 205,284
Right-of-use asset 10,440 10,943
Other assets 547 679
TOTAL ASSETS 479,568 378,106
CURRENT LIABILITIES:    
Accounts payable 8,398 15,169
Accrued construction liabilities 3,033 1,526
Other accrued liabilities 7,751 9,179
Share based liabilities due to related party 0 2,500
Other amounts due to related parties 632 972
Current portion of operating lease liability 51 48
Insurance premium financing payable 249 1,803
Current portion of long-term debt 72,302 123,465
Total current liabilities 92,416 154,662
Operating lease liability, net of current portion 873 899
Long-term debt 38 56
TOTAL LIABILITIES 93,327 155,617
Commitments and Contingencies (See Note 12)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, $100,000,000 authorized at June 30, 2024 and December 31, 2023; $9,566 issued and outstanding at June 30, 2024 and December 31, 2023; aggregate liquidation preference of $12,002 and $11,423 at June 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 June 30, 2024 and December 31, 2023, respectively; $374,456,722 and $276,733,329 issued and outstanding at June 30, 2024 and December 31, 2023, respectively 374 277
Additional paid-in capital 656,941 472,834
Accumulated deficit (280,347) (259,895)
Total stockholders’ equity 386,241 222,489
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 479,568 $ 378,106

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