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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 50,847 $ 62,789
Restricted cash 395,012 0
Current derivative asset 21,047 0
Prepaid expenses and other current assets 2,270 1,149
Total current assets 469,176 63,938
Property, plant and equipment, net 1,713,796 218,646
Operating lease right-of-use assets, net 172,146 1,474
Debt issuance costs, net of amortization 401,668 0
Non-current derivative assets 130,609 0
Other non-current assets 11,021 28,372
Total assets 2,898,416 312,430
Current liabilities    
Accounts payable 326,818 1,084
Accrued liabilities and other current liabilities 213,111 23,184
Current common stock warrant liabilities 7,359 0
Current operating lease liabilities 3,379 1,093
Total current liabilities 550,667 25,361
Non-current common stock warrant liabilities 1,951 6,790
Non-current operating lease liabilities 146,338 465
Total non-current debt, net of unamortized debt issuance costs 1,381,825 0
Other non-current liabilities 0 23,000
Total liabilities 2,080,781 55,616
Commitments and contingencies (Note 16) 0 0
Stockholders’ equity    
Common stock, $0.0001 par value Authorized: 480.0 million shares at September 30, 2023 and December 31, 2022; Issued and outstanding: 256.5 million shares and 143.5 million shares at September 30, 2023 and December 31, 2022, respectively 26 14
Treasury stock: 2.2 million shares and 1.0 million shares at September 30, 2023 and December 31, 2022, respectively, at cost (14,194) (4,587)
Preferred stock, $0.0001 par value Authorized: 0.5 million, after designation of the Convertible Preferred Stock Issued and outstanding: none at September 30, 2023 and December 31, 2022 0 0
Additional paid-in-capital 753,673 289,084
Accumulated deficit (262,507) (230,140)
Total stockholders' equity 476,998 54,371
Non-controlling interest 340,637 0
Total equity 817,635 54,371
Total liabilities, convertible preferred stock and stockholders’ equity 2,898,416 312,430
Series A Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 0 73,026
Series B Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 0 73,408
Series C Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock $ 0 $ 56,009