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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2022
SIGNIFICANT ACCOUNTING POLICIES |
Supplemental disclosure of cash flow information | The following table shows supplemental cash flow information (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended | ​ | ​ | Period February 8, 2021 (date of inception) to | ​
​ |  | ​ | December 31, | ​ | ​ | December 31, |
​ | ​ | 2022 | ​ | 2021 | ​
Supplemental disclosure of non-cash activities: | ​ |  | ​ | ​ |  | ​ | ​
Right-of-use asset obtained in exchange for lease obligation | ​ | $ | 11,223 | ​ | $ | 1,076 | ​
Contribution of plant and equipment or deposits on plant and equipment to joint venture | ​ | $ | 11,267 | ​ | $ | 11,850 | ​
Common stock issued for business acquisition | ​ | $ | — | ​ | $ | 40,590 | ​
Contingent value rights issued for business acquisition | ​ | $ | — | ​ | $ | 12,000 | ​
Common stock issued in conjunction with debt offering representing debt issuance costs | ​ | $ | — | ​ | $ | 25,727 | ​
Deferred financing costs in accounts payable or other accrued liabilities | ​ | $ | 249 | ​ | $ | — | ​
Common stock issuance costs in accounts payable | ​ | $ | 131 | ​ | $ | — | ​
Preferred stock issuance costs in other accrued liabilities or accounts payable | ​ | $ | 293 | ​ | $ | — | ​
Purchases of and deposits on plant and equipment in accounts payable, accrued construction liabilities, other accrued liabilities and long-term debt | ​ | $ | 8,451 | ​ | $ | 6,074 | ​
Investment in joint venture in other accrued liabilities, other amounts due to related parties and long-term debt | ​ | $ | 5,203 | ​ | $ | 57 | ​
Series A Preferred Stock converted to common stock | ​ | $ | — | ​ | $ | 49,315 | ​
Reverse merger exchange ration share adjustment | ​ | $ | — | ​ | $ | 43 | ​
Convertible promissory note deferred issuance costs in accounts payable | ​ | $ | 104 | ​ | $ | — | ​
Common stock issued pursuant to operating lease amendment | ​ | $ | 11,489 | ​ | $ | — | ​
Common stock issued for payment on convertible promissory note | ​ | $ | 168 | ​ | $ | — | ​
Common stock warrants issued for long-term debt commitment fee | ​ | $ | 1,967 | ​ | $ | — | ​
Common stock warrants issued for discount on long-term debt | ​ | $ | 6,348 | ​ | $ | — | ​
Decrease to investment in joint venture and increase in plant and equipment for distribution or transfer of nonmonetary assets | ​ | $ | 51,978 | ​ | $ | — | ​
Change in fair value of embedded conversion feature of convertible promissory note in additional paid-in capital | ​ | $ | 1,591 | ​ | $ | — | ​
​
Schedule of cash, cash equivalents and restricted cash | The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets that total to the amounts shown in the consolidated statements of cash flows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 |  | December 31, 2021
Cash and cash equivalents |  | $ | 1,279 |  | $ | 43,448
Restricted cash | ​ |  | 7,044 | ​ |  | 3,007
Cash and cash equivalents and restricted cash | ​ | $ | 8,323 | ​ | $ | 46,455
​
Schedule of digital currency activity | The following table presents digital currency activity (in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended | ​ | Period February 8, 2021 (date of inception) to
​ | ​ | December 31, | ​ | December 31,
​ | ​ | 2022 | ​ | 2021
Beginning balance | ​ | $ | — | ​ | $ | —
Bitcoin received from mining pool and hosting services | ​ | ​ | 10,810 | ​ | ​ | —
Impairment | ​ |  | (1,457) | ​ |  | —
Disposition | ​ | ​ | (9,170) | ​ | ​ | —
Ending balance | ​ | $ | 183 | ​ | $ | —
​

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