v3.24.1.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 98,125 $ 50,409
Restricted cash 16,151 19,300
Accounts receivable 1,107 1,001
Digital assets 0 2,284
Prepaid expenses and other current assets 27,937 24,022
Total Current Assets 143,320 97,016
Property, plant and equipment, net 575,969 585,431
Operating lease right-of-use assets 77,766 7,844
Intangible assets, net 2,136 2,247
Other noncurrent assets 14,777 19,618
Total Assets 813,968 712,156
Current Liabilities:    
Accounts payable 16,165 154,751
Accrued expenses and other current liabilities 68,221 179,636
Deferred revenue 9,250 9,830
Operating lease liabilities, current portion 2,619 77
Finance lease liabilities, current portion 3,018 19,771
Notes payable, current portion 23,333 124,358
Contingent value rights, current portion 15,539 0
Total Current Liabilities 138,145 488,423
Operating lease liabilities, net of current portion 69,022 1,512
Finance lease liabilities, net of current portion 1,170 35,745
Convertible and other notes payable, net of current portion 556,573 684,082
Contingent value rights, net of current portion 29,062 0
Warrant liabilities 327,465 0
Other noncurrent liabilities 11,040 0
Total liabilities not subject to compromise 1,132,477 1,209,762
Liabilities subject to compromise 0 99,335
Total Liabilities 1,132,477 1,309,097
Commitments and contingencies (Note $9)
Stockholders’ Deficit:    
Preferred stock; $0.00001 par value; 2,000,000 shares authorized; none issued and outstanding 0 0
Common stock; $0.00001 par value; 10,000,000 shares authorized at March 31, 2024 and December 31, 2023; 182,237 and 386,883 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 2 36
Additional paid-in capital 1,891,011 1,823,260
Accumulated deficit (2,209,522) (2,420,237)
Total Stockholders’ Deficit (318,509) (596,941)
Total Liabilities and Stockholders’ Deficit $ 813,968 $ 712,156

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