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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 230,328 $ 312,315
Accounts receivable, net 26,932 15,398
Costs and estimated earnings in excess of billings 19,743 9,862
Prepaid expenses and other current assets 32,661 7,135
Bitcoin 109,420 150,593
Future power credits, current portion 24,297 58,481
Investments in marketable equity securities, at fair value   10,804
Total current assets 443,381 564,588
Property and equipment, net 692,555 276,480
Deposits 42,433 266,170
Finite-lived intangible assets, net 21,477 14,162
Goodwill   335,563
Derivative asset 97,497 26,079
Operating lease right-of-use assets 21,673 13,189
Future power credits, less current portion 638 25,447
Other long-term assets 310 310
Total assets 1,319,964 1,521,988
Current liabilities    
Accounts payable 18,445 20,037
Billings in excess of costs and estimated earnings 8,446 5,264
Accrued expenses 65,464 22,071
Deferred revenue, current portion 2,882 2,843
Contingent consideration liability - future power credits, current portion 24,297 58,481
Operating lease liability, current portion 2,009 1,182
Total current liabilities 121,543 109,878
Deferred revenue, less current portion 17,869 19,796
Operating lease liability, less current portion 20,242 12,257
Contingent consideration liability - future power credits, less current portion 638 25,447
Other long-term liabilities 8,230 6,241
Total liabilities 168,522 173,619
Commitments and contingencies - Note 19
Stockholders' equity    
Preferred stock
Common stock, no par value; 340,000,000 shares authorized; 167,751,112 and 116,748,472 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 1,907,784 1,595,147
Accumulated deficit (756,342) (246,789)
Total stockholders' equity 1,151,442 1,348,369
Total liabilities and stockholders' equity 1,319,964 1,521,988
2% Convertible Preferred Stock Series A [Member]    
Stockholders' equity    
Preferred stock
0% Convertible Preferred Stock Series B [Member]    
Stockholders' equity    
Preferred stock   $ 11