Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 147,183 $ 223,382
Accounts receivable 27
Prepaid expenses and other current assets 1,060 1,257
Cryptocurrencies 48,254 11,626
Investments in marketable equity securities, at fair value 24,799
Total current assets 221,323 236,265
Property and equipment, net 128,815 10,143
Deposits 78,861 33,093
Long-term investments 310 310
Right of use assets 6,440
Derivative asset 30,360
Intangible assets, net 89,713 336
Goodwill 267,409
Future power credits 83,138
Total assets 906,369 280,147
Current liabilities    
Accounts payable 28,607 718
Accrued expenses 4,464 1,582
Deferred revenue, current portion 2,724 97
Operating lease liability, current portion 1,680
Total current liabilities 37,475 2,397
Deferred revenue, less current portion 20,789 679
Operating lease liability, less current portion 6,620
Contingent consideration liability - future power credits 83,138
Deferred tax liability 41,491
Other long-term liabilities 2,693
Total liabilities 192,206 3,076
Commitments and contingencies - Note 15
Stockholders' equity    
Common stock, no par value; 170,000,000 shares authorized; 95,948,232 and 78,523,517 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 917,197 506,961
Accumulated deficit (203,045) (229,912)
Total stockholders' equity 714,163 277,071
Total liabilities and stockholders' equity 906,369 280,147
2% Series A Convertible Stock [Member]    
Stockholders' equity    
Preferred stock
0% Series B Convertible Stock [Member]    
Stockholders' equity    
Preferred stock $ 11 $ 22