Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 312,315 $ 223,382
Accounts receivable, net 15,398
Prepaid expenses and other current assets 7,135 1,257
Costs and estimated earnings in excess of billings 9,862
Cryptocurrencies 159,544 11,626
Investments in marketable equity securities, at fair value 10,804
Future power credits, current portion 58,481
Total current assets 573,539 236,265
Property and equipment, net 262,980 10,143
Deposits 266,170 33,093
Long-term investments 310 310
Right of use assets 13,189
Derivative asset 26,079
Intangible assets, net 14,162 336
Goodwill 349,063
Future power credits, less current portion 25,447
Total assets 1,530,939 280,147
Current liabilities    
Accounts payable 20,037 718
Accrued expenses 22,071 1,582
Billings in excess of costs and estimated earnings 5,264
Deferred revenue, current portion 2,843 97
Operating lease liability, current portion 1,182
Contingent consideration liability - future power credits, current portion 58,481
Total current liabilities 109,878 2,397
Deferred revenue, less current portion 19,796 679
Operating lease liability, less current portion 12,257
Contingent consideration liability - future power credits, less current portion 25,447
Other long-term liabilities 6,241
Total liabilities 173,619 3,076
Commitments and contingencies - Note 15
Stockholders' equity    
Common stock, no par value; 170,000,000 shares authorized; 116,748,472 and 78,523,517 shares issued and outstanding as of December 31, 2021 and 2020, respectively 1,595,147 506,961
Accumulated deficit (237,838) (229,912)
Total stockholders' equity 1,357,320 277,071
Total liabilities and stockholders' equity 1,530,939 280,147
2% Convertible Preferred Stock Series A [Member]    
Stockholders' equity    
Preferred stock
0% Convertible Preferred Stock Series B [Member]    
Stockholders' equity    
Preferred stock $ 11 $ 22