v3.24.0.1
Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Cash flows from operating activities    
Net loss $ (104,036) $ (175,644)
Adjustments for:    
Depreciation and amortization 84,785 72,420
Impairment on short-term prepaid deposits, equipment and construction prepayments, property, plant and equipment and right-of-use assets 12,252 75,213
Impairment on goodwill 17,900
Net financial expenses (income) 32,308 (90,966)
Digital assets earned (141,306) (138,985)
Proceeds from sale of digital assets earned 129,309 158,674
Realized loss on disposition of digital assets 150,810
Reversal of revaluation loss on digital assets (2,695) (2,166)
Share-based payment 10,915 21,788
Income tax recovery (401) (17,412)
Loss on disposition of property, plant and equipment 1,778 1,277
Interest and financial expenses paid (12,136) (17,724)
Income taxes refunded (paid) 11,590 (14,957)
Changes in non-cash working capital components 1,235 (3,978)
Net change in cash related to operating activities 23,598 36,250
Cash flows used in investing activities    
Purchase of property, plant and equipment (48,436) (153,138)
Proceeds from sale of property, plant and equipment 3,111 10,500
Purchase of marketable securities (36,262) (150,730)
Proceeds from disposition of marketable securities 48,507 202,379
Acquisitions of assets (2,394)
Purchase of digital assets (43,237)
Proceeds from sale of digital assets purchased 21,055
Equipment and construction prepayments (22,869) (41,840)
Net change in cash related to investing activities (58,343) (155,011)
Cash flows from financing activities    
Issuance of common shares and warrants 109,074 54,086
Repayment of long-term debt (30,545) (31,221)
Proceeds from long-term debt 67,201
Repayment of lease liabilities (3,634) (6,077)
Exercise of stock options and warrants 12,983 21
Proceeds from credit facility 40,000
Repayment of credit facility (100,000)
Net change in cash related to financing activities 87,878 24,010
Net increase (decrease) in cash 53,133 (94,751)
Cash, beginning of the year 30,887 125,595
Exchange rate differences on currency translation 18 43
Cash, end of the year $ 84,038 $ 30,887

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