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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (13,605) $ (3,651) $ (229,447)
Net loss from continuing operation (13,606) (3,651) (229,186)
Net gain/(loss) from discontinued operation 1 (261)
Adjustments for:      
Depreciation of property, plant and equipment 10,904 4,975 7,960
Depreciation of right-of-use asset 377 800 693
Share-based compensation 7,735 7,264 14,714
Accretion of finance leases 6 32 75
Allowance for expected credit losses - accounts receivable 196 451 (500)
Allowance for expected credit losses - other receivables (1,044) 228 170,842
Impairment of intangible assets 781 970 8,425
Impairment of mining equipment 4,455 25,043
Inventory impairment 2,571 194 16,786
Adjustments, total 21,526 19,369 244,038
Changes in operating assets and liabilities:      
Accounts receivable (2,017) 1,172 17,911
Investment securities (307)
Other receivables (69,267) (25,194) (60,083)
Amount due from related parties 29,745 29,456 (53,732)
Inventories (5,283) 13,204 (5,267)
Intangible assets (9,258) (15,960) (329)
Accrued liabilities 6,306 (5,193) 1,076
Tax (recoverable)/payable (452) 1,247 3,650
Accounts payable (24,229) (94) 1,458
Other payables 4,352 (4,795) 5,760
Amount due to related parties (999) 998 607
Lease liabilities (377) (544) 921
Net cash generated from/(used in) operating activities from continuing operations (63,559) 9,708 (73,176)
Net cash generating from discontinued operating activities 1 261
Net cash generated from/(used in) operating activities (63,558) 9,708 (72,915)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (16,030)
Net cash used in investing activities from continuing operations (16,030)
Net cash used in investing activities from discontinued operation
Net cash used in investing activities (16,030)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of principle portion of lease liabilities (288) (288) (768)
Proceed from share issuance, net of issuance costs 24,838 17,884 18,463
Proceeds from disposal of subsidiaries 17,000
Net cash generated from financing activities 24,550 17,596 34,695
EFFECT OF EXCHANGE RATES ON CASH (2,685) (7,619) (24,283)
NET CHANGES IN CASH AND CASH EQUIVALENTS (41,693) 19,685 (78,533)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 279,177 259,492 338,025
CASH AND CASH EQUIVALENTS, END OF YEAR 237,484 279,177 264,434
LESS: CASH AND CASH EQUIVALENTS, FROM THE DISCONTINUED OPERATIONS 4,942
Supplemental cash flow information      
Cash paid for income tax $ 12 $ 684 $ 1,032