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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 28,111 $ 209,841
Receivables, related party 731  
Prepaid expenses and other current assets 8,276 13,819
Cryptocurrencies 2,263  
Derivative asset 30,393  
Total current assets 69,774 223,660
Deposits on equipment 200,033 114,857
Property and equipment, net 40,751 5,124
Security deposits 11,455 10,352
Investment in equity investee 31,690  
Right-of-use asset 5,303  
Derivative asset 48,487  
Deferred investment costs   174
Total assets 407,493 354,167
Current liabilities    
Accounts payable 4,665 242
Accounts payable, related party 3,216  
Operating lease liability, current portion 1,002  
Accrued expenses 10,726 257
Total current liabilities 19,609 499
Operating lease liability, net of current portion 4,762  
Warrant liability 22 137
Total liabilities 24,393 636
Commitments and contingencies (Note 11)
Stockholders' equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of September 30, 2022 and December 31, 2021
Common stock, $0.001 par value, 500,000,000 shares authorized, 251,043,649 and 252,131,679 shares issued as of September 30, 2022 and December 31, 2021, respectively, and 247,518,966 and 249,279,420 shares outstanding as of September 30, 2022 and December 31, 2021, respectively 251 252
Additional paid-in capital 442,435 425,438
Treasury stock, at par, 3,524,683 and 2,852,259 shares at September 30, 2022 and December 31, 2021, respectively (4) (3)
Accumulated deficit (59,582) (72,156)
Total stockholders' equity 383,100 353,531
Total liabilities and stockholders' equity $ 407,493 $ 354,167