Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 241,012 $ 223,382
Prepaid expenses and other current assets 629 1,257
Cryptocurrencies 34,567 11,626
Total current assets 276,208 236,265
Property and equipment, net 28,306 10,143
Deposits on equipment 70,730 33,093
Long-term investments 310 310
Patents, net 351 336
Total assets 375,905 280,147
Current liabilities    
Accounts payable 2,904 718
Accrued expenses 4,432 1,582
Deferred revenue, current portion 97 97
Total current liabilities 7,433 2,397
Deferred revenue, less current portion 655 679
Total liabilities 8,088 3,076
Commitments and contingencies - Note 10
Stockholders' equity    
Common stock, no par value; 170,000,000 shares authorized; 84,120,723 and 78,523,517 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 590,188 506,961
Accumulated deficit (222,382) (229,912)
Total stockholders' equity 367,817 277,071
Total liabilities and stockholders' equity 375,905 280,147
2% Series A Convertible Stock [Member]    
Stockholders' equity    
Preferred stock
0% Series B Convertible Stock [Member]    
Stockholders' equity    
Preferred stock $ 11 $ 22