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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating activities:        
Net loss $ (4,760) $ (40,687) $ (8,249) $ (55,334)
Adjustments to reconcile net loss to cash used in operating activities:        
Digital currency issued for services     669 229
Depreciation and amortization 1,375 7,485 2,400 13,849
Share-based compensation     1,204 7,316
LDA cost     976 0
Change in fair value of warrant liabilities     (1,261) 0
Realized gain on sale of digital assets     (772) (3)
Impairment of digital assets 254 679 350 770
Loss on disposal of property and equipment (251) 0 (251) 0
Change in fair value of debt     51 0
Noncash lease cost     25 0
Forgiveness of note receivable 0 13,145 0 13,145
Impairment of investments 0 12,429 0 12,429
Issuance of common shares and warrants for settlement of liabilities     0 1,957
Change in fair value of crypto asset payable     0 (1,607)
Changes in operating assets and liabilities:        
Proceeds from sale of digital assets     8,312 0
Digital assets     (7,490) (1,958)
Accounts receivable     26 (12)
Accounts payable and accrued liabilities     1,738 (339)
Accrued payroll and employee compensation     (238) 423
Other assets and liabilities, net     (26) (15,395)
Net cash used in operating activities     (2,034) (24,530)
Investing activities:        
Proceeds from sale of property and equipment     3,699 0
Redemption of non-controlling interest     (1,918) 0
Payments for purchase of property and equipment     (1,561) (15,958)
Notes receivable     0 (2,837)
Purchase of intangible assets     0 (306)
Net cash provided by (used in) investing activities     220 (19,101)
Financing activities:        
Proceeds from convertible debt, net of debt issuance costs     779 0
Proceeds from exercise of stock options     200 0
Net cash provided by financing activities     979 0
Net increase (decrease) in cash, cash equivalents and restricted cash     (835) (43,631)
Cash, cash equivalents and restricted cash, beginning of period     1,543 54,355
Cash, cash equivalents and restricted cash, end of period 708 10,724 708 10,724
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets:        
Cash and cash equivalents 506 10,724 506 10,724
Restricted cash 202 0 202 0
Total cash, cash equivalents and restricted cash 708 $ 10,724 708 10,724
Supplemental disclosures of non-cash investing activities:        
Remeasurement of redeemable non-controlling interest $ 36   412 0
Reclassification from deposit for mining equipment to mining equipment     0 9,137
Issuance of common shares for purchase of intangible assets     $ 0 $ 1,721