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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 7 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Loss $ (40,238,575) $ (3,243,009) $ (72,544,990) $ (3,481,965)  
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation and Amortization - PP&E 12,667,300 787,731 24,986,881 1,305,174  
Forgiveness of PPP loan (841,670) 0 (841,670) (638,800)  
Realized gain (loss) on disposal of fixed asset 1,724,642 0 1,769,600 0  
Realized (gain) loss on sale of equipment deposits     8,012,248 0  
Amortization of debt issuance costs     2,060,806 0  
Stock Compensation     5,745,625 269,932  
Impairments on equipment deposits 0 0 12,228,742 0  
Impairments on miner assets 4,990,000 0 4,990,000 0  
Changes in fair value of warrant liabilities 0 191,477 0 191,477  
Changes in fair value of forward sale derivative (3,919,388) 0 (3,435,639) 0 $ (3,320,000)
Forward sale contract prepayment     970,000 0  
Changes in fair value of convertible note 962,761 0 962,761 0  
Accretion of asset retirement obligation     12,169 0  
(Increase) decrease in Digital Currencies:          
Mining Revenue     (38,431,729) (1,840,903)  
Proceeds from sales of digital currencies, net of gain     36,006,390 434,529  
Impairments on digital currencies     7,711,217 375,246  
(Increase) decrease in assets:          
Accounts receivable     260,136 (710,720)  
Prepaid Insurance     3,945,290 0  
Due from related party     (848,150) 302,973  
Inventory     (233,279) 77,071  
Other current assets     (1,072,267) (134,790)  
Increase (decrease) in liabilities:          
Accounts payable     (4,763,351) 5,550,196  
Due to related parties     543,639 319,071  
Accrued liabilities excluding sales tax liabilities     4,393,075 58,866  
Contract liabilities     (55,742) 147,841  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES     (7,628,238) 2,225,198  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchase of land     0 (29,919)  
Purchase of property, plant and equipment     (57,074,647) (12,738,793)  
Proceeds from the sale of equipment deposits     13,844,780 0  
Equipment purchase deposits- net of future commitments     (12,073,928) (78,688,465)  
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES     (55,303,795) (91,457,176)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Payments on long-term debt     (24,022,738) (188,168)  
Payments on financed insurance premiums     (3,906,462) 0  
Proceeds from debt, net of debt issuance costs paid in cash     92,058,299 0  
Proceeds from promissory note     0 39,100,000  
Proceeds from PPP loan     0 841,670  
Proceeds from private placements- mezzanine equity (net of fees)     0 97,064,318  
Proceeds/(Payoff) of EIDL loan     0 (150,000)  
Payoff of related-party notes     0 (2,024,250)  
Buyout of Aspen Interest     0 (2,000,000)  
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES     64,129,099 132,643,570  
NET INCREASE (DECREASE) IN CASH     1,197,066 43,411,592  
CASH - BEGINNING OF PERIOD     31,790,115 303,187  
CASH - END OF PERIOD $ 32,987,181 $ 43,714,779 $ 32,987,181 $ 43,714,779 $ 32,987,181