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v3.24.1.1.u2

RELATED PARTY TRANSACTIONS (Details) |  | 1 Months Ended | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
Mar. 01, 2023 shares | Oct. 31, 2022 USD ($) shares | Apr. 30, 2021 USD ($) $ / kWh | Mar. 31, 2024 USD ($) shares | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | Jan. 01, 2023 USD ($) | Dec. 31, 2021 USD ($) MW shares
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Prepaid expenses |  |  |  | $ 3,973,000 |  | $ 4,540,000 |  |
Other amounts due to related parties |  |  |  | 975,000 |  | 972,000 |  |
Property, plant and equipment, net |  |  |  | 237,889,000 |  | 205,284,000 |  |
Share based liabilities due to related party |  |  |  | 0 |  | 2,500,000 |  |
Issuance of stock (in shares) | shares | 40,764,706 | 7,481,747 |  |  |  |  |  |
Issuance of stock |  | $ 9,400,000 |  | 50,650,000 | $ 26,309,000 |  |  |
Related Party |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  |  | 2,620,000 | 2,898,000 |  |  |
Operating expenses |  |  |  | $ 888,000 | 597,000 |  |  |
Cryptocurrency load deployment that requires additional share-base award compensation | MW |  |  |  |  |  |  |  | 100
Share based liabilities due to related party |  |  |  |  |  | 2,500,000 |  |
Issuance of stock (in shares) | shares |  |  |  | 1,083,189 |  |  |  |
Issuance of stock |  |  |  | $ 2,500,000 |  |  |  |
Performance Milestone | Related Party |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  |  | 0 | 300,000 |  |  |
Beowulf E&D | Related Party |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Annual based fee payable |  |  |  |  |  |  | $ 8,500,000 |
Prepaid expenses |  |  |  | 700,000 |  | 700,000 |  |
Other amounts due to related parties |  |  |  | 1,000,000 |  | 1,000,000 |  |
Property, plant and equipment, net |  |  |  | 200,000 |  | $ 6,600,000 |  |
Beowulf E&D | Related Party | Performance Shares |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Additional awards for every 100MW cryptocurrency mining load |  |  |  |  |  |  |  | $ 2,500,000
Beowulf E&D | Services Agreement | Related Party |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Term of agreement |  |  | 5 years |  |  |  |  |
Transaction amount |  |  |  | 3,400,000 | 3,200,000 |  |  |
Selling, general and administrative expenses |  |  |  | 2,600,000 | 2,900,000 |  |  |
Operating expenses |  |  |  | $ 600,000 | $ 300,000 |  |  |
Deferred compensation arrangement with individual, shares authorized for issuance | shares |  |  |  |  |  |  |  | 12,500,000
Beowulf E&D | Development of bitcoin and organization and legal costs | Related Party |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Services agreement, monthly fee in the first year |  |  | $ 7,000,000 |  |  |  |  |
Services agreement, annual fee after the first year if higher |  |  | $ 10,000,000 |  |  |  |  |
Services agreement, annual fee per kilowatt hour of electric load utilized after the first year if higher | $ / kWh |  |  | 0.0037 |  |  |  |  |

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