v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 289,176 $ 230,328
Accounts receivable, net 13,181 26,932
Contract assets, including retainage of $4,222 and $3,012, respectively 19,063 19,743
Prepaid expenses and other current assets 20,132 32,661
Bitcoin 140,931 109,420
Future power credits, current portion 271 24,297
Total current assets 482,754 443,381
Property and equipment, net 699,637 692,555
Deposits 30,414 42,433
Finite-lived intangible assets, net 18,622 21,477
Derivative asset 104,828 97,497
Operating lease right-of-use assets 21,221 21,673
Future power credits, less current portion 638 638
Other long-term assets 816 310
Total assets 1,358,930 1,319,964
Current liabilities    
Accounts payable 12,616 18,445
Contract liabilities 3,117 8,446
Accrued expenses 27,307 65,464
Deferred gain on acquisition post-close dispute settlement 26,007  
Deferred revenue, current portion 2,670 2,882
Contingent consideration liability - future power credits, current portion 271 24,297
Operating lease liability, current portion 2,343 2,009
Total current liabilities 74,331 121,543
Deferred revenue, less current portion 16,853 17,869
Operating lease liability, less current portion 19,510 20,242
Contingent consideration liability - future power credits, less current portion 638 638
Other long-term liabilities 6,688 8,230
Total liabilities 118,020 168,522
Commitments and contingencies - Note 16
Stockholders' equity    
Preferred stock, no par value, 15,000,000 shares authorized:
Common stock, no par value; 340,000,000 shares authorized; 182,250,554 and 167,751,112 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 2,080,627 1,907,784
Accumulated deficit (839,717) (756,342)
Total stockholders' equity 1,240,910 1,151,442
Total liabilities and stockholders' equity $ 1,358,930 $ 1,319,964

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL