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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (72,418,000) $ (73,421,000) $ (90,791,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Amortization of debt issuance costs, commitment fees and accretion of debt discount 11,382,000 19,515,000 11,676,000
Related party expense to be settled with respect to common stock 0 2,917,000 2,083,000
Common stock issued for interest expense 0 26,000 82,000
Stock-based compensation expense 30,927,000 5,859,000 1,568,000
Depreciation 59,808,000 28,350,000 6,667,000
Amortization of right-of-use asset 1,373,000 1,001,000 303,000
Revenue recognized from digital currency mining and hosting services (139,278,000) (63,877,000) (10,810,000)
Gain on fair value of digital currency, net (2,200,000) 0 0
Realized gain on sale of digital currency 0 (3,174,000) (569,000)
Impairment of digital currency 0 3,043,000 1,457,000
Proceeds from sale of digital currency 97,559,000 83,902,000 9,739,000
Digital currency paid as consideration for services 370,000 0 0
Loss on disposals of property, plant, and equipment, net 17,824,000 1,209,000 0
Loss on nonmonetary miner exchange 0 0 804,000
Loss on extinguishment of debt 6,300,000 0 2,054,000
Deferred income tax benefit 0 0 (256,000)
Equity in net loss of investee, net of tax (3,363,000) 9,290,000 15,712,000
Gain on sale of equity interest in investee (22,602,000) 0 0
Loss from discontinued operations, net of tax 0 129,000 4,857,000
Changes in operating assets and liabilities:      
Decrease (increase) in prepaid expenses 2,047,000 555,000 (3,601,000)
Decrease in amounts due from related parties 0 0 815,000
Increase in other receivables (2,774,000) (1,001,000) 0
Decrease (increase) in other current assets 288,000 (215,000) (46,000)
(Increase) decrease in other assets (466,000) 310,000 (994,000)
Increase (decrease) increase in accounts payable 740,000 (7,272,000) 10,197,000
Increase (decrease) in accrued compensation and other accrued liabilities 694,000 (931,000) 5,916,000
Increase (decrease) increase in other amounts due to related parties 480,000 (2,013,000) 700,000
(Decrease) increase in operating lease liability (11,113,000) (42,000) 175,000
Net cash (used in) provided by operating activities from continuing operations (24,422,000) 4,160,000 (32,262,000)
Net cash (used in) provided by operating activities from discontinued operations 0 103,000 (1,804,000)
Net cash (used in) provided by operating activities (24,422,000) 4,263,000 (34,066,000)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investments in joint venture, including direct payments made on behalf of joint venture 0 (2,845,000) (46,172,000)
Reimbursable payments for deposits on plant and equipment made on behalf of a joint venture or joint venture partner 0 0 (11,741,000)
Reimbursement of payments for deposits on plant and equipment made on behalf of a joint venture or joint venture partner 0 0 11,716,000
Proceeds from sale of equity interest in investee 86,086,000 0 0
Purchase of and deposits on plant and equipment (267,940,000) (75,168,000) (61,116,000)
Proceeds from sales of property, plant and equipment 23,324,000 0 0
Proceeds from sale of net assets held for sale 0 0 13,266,000
Proceeds from sale of digital currency 67,371,000 0 0
Net cash used in investing activities (91,159,000) (78,013,000) (94,047,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of long-term debt, net of issuance costs paid of $0, $0 and $38 0 0 22,462,000
Principal payments on long-term debt (139,401,000) (6,599,000) 0
Payments of prepayment fees associated with early extinguishment of long-term debt (1,261,000) 0 0
Principal payments on finance lease (941,000) 0 0
Proceeds from insurance premium and property, plant and equipment financing 211,000 2,513,000 7,041,000
Principal payments on insurance premium and property, plant and equipment financing (2,103,000) (2,738,000) (4,924,000)
Proceeds from issuance of promissory notes to stockholders 0 0 3,416,000
Proceeds from issuance of common stock, net of issuance costs paid of $663, $1,051 and $142 188,715,000 135,917,000 47,326,000
Proceeds from exercise of warrants 4,808,000 2,500,000 5,700,000
Purchase of capped call (60,000,000) 0 0
Purchase of treasury stock (118,217,000) 0 0
Payments of tax withholding related to net share settlements of stock-based compensation awards (23,654,000) (2,013,000) 0
Proceeds from issuance of preferred stock 0 0 9,566,000
Proceeds from issuance of convertible notes, net of issuance costs paid of $12,950, $0, and $0 487,050,000 0 0
Proceeds from issuance of convertible promissory note 0 1,250,000 14,700,000
Principal payments on convertible promissory note 0 0 (15,306,000)
Payment of contingent value rights liability related to proceeds from sale of net assets held for sale 0 (10,964,000) 0
Net cash provided by financing activities 335,207,000 119,866,000 89,981,000
Net change in cash, cash equivalents and restricted cash 219,626,000 46,116,000 (38,132,000)
Cash, cash equivalents and restricted cash at beginning of year 54,439,000 8,323,000 46,455,000
Cash, cash equivalents and restricted cash at end of year 274,065,000 54,439,000 8,323,000
Cash paid during the year for:      
Interest 6,957,000 19,572,000 13,989,000
Income taxes $ 0 $ 0 $ 0

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