v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from (used in) operating activities    
Net income (loss) $ (239,050) $ 22,130
Adjustments for:    
Depreciation and amortization 72,420 24,476
Impairment on equipment and construction prepayments, property, plant and equipment and right-of-use assets 75,213 1,800
Impairment reversal on property, plant and equipment (1,860)
Impairment on goodwill 17,900
Net financial (income) expenses (27,560) 21,003
Digital assets mined (138,985) (164,393)
Proceeds from sale of digital assets mined 158,674 6,387
Realized loss on disposition of digital assets 150,810 289
Change in unrealized (gain) loss on revaluation of digital assets (2,166) 4,861
Share-based payment 21,788 22,585
Income tax expense (recovery) (17,412) 8,842
Loss (gain) on disposition of property, plant and equipment 1,277 (848)
Interest and financial expenses paid (17,724) (3,981)
Income taxes paid (14,957)
Changes in non-cash working capital components (3,978) 15,390
Net change in cash related to operating activities 36,250 (43,319)
Cash flows used in investing activities    
Purchase of property, plant and equipment (153,138) (108,161)
Proceeds from sale of property, plant and equipment 10,500 1,109
Purchase of marketable securities (150,730) (6,692)
Proceeds from disposition of marketable securities 202,379 12,841
Purchase of digital assets (43,237)
Proceeds from sale of digital assets purchased 21,055
Acquisition through business combination (23,000)
Equipment and construction prepayments and other (41,840) (85,095)
Net change in cash related to investing activities (155,011) (208,998)
Cash flows from financing activities    
Issuance of common shares and warrants 54,086 259,174
Exercise of warrants and stock options 21 63,317
Repayment of credit facility (100,000)
Repayment of lease liabilities (6,077) (4,233)
Repayment of long-term debt (31,221) (20,499)
Proceeds from long-term debt 67,201 14,227
Proceeds from credit facility 40,000 60,000
Net change in cash related to financing activities 24,010 371,986
Net increase (decrease) in cash (94,751) 119,669
Cash, beginning of the year 125,595 5,947
Exchange rate differences on currency translation 43 (21)
Cash, end of the year $ 30,887 $ 125,595

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