Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 57,880 $ 223,382
Accounts receivable 3,632
Prepaid expenses and other current assets 1,552 1,257
Cryptocurrencies 102,313 11,626
Investments in marketable equity securities, at fair value 13,647
Total current assets 179,024 236,265
Property and equipment, net 200,751 10,143
Deposits 94,416 33,093
Long-term investments 310 310
Right of use assets 6,692
Derivative asset 37,773
Intangible assets, net 84,807 336
Goodwill 267,237
Future power credits 83,397
Total assets 954,407 280,147
Current liabilities    
Accounts payable 14,651 718
Accrued expenses 7,252 1,582
Deferred revenue, current portion 2,546 97
Operating lease liability, current portion 1,125
Total current liabilities 25,574 2,397
Deferred revenue, less current portion 20,256 679
Operating lease liability, less current portion 7,254
Contingent consideration liability - future power credits 83,397
Deferred tax liability 41,491
Other long-term liabilities 6,120
Total liabilities 184,092 3,076
Commitments and contingencies - Note 15
Stockholders' equity    
Common stock, no par value; 170,000,000 shares authorized; 97,206,590 and 78,523,517 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 988,692 506,961
Accumulated deficit (218,388) (229,912)
Total stockholders' equity 770,315 277,071
Total liabilities and stockholders' equity 954,407 280,147
2% Series A Convertible Stock [Member]    
Stockholders' equity    
Preferred stock
0% Series B Convertible Stock [Member]    
Stockholders' equity    
Preferred stock $ 11 $ 22