The following is a schedule of the Company’s loan balance, net of debt discount and future loan payments, as of March 31, 2025:
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As of |
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($ in thousands) |
|
Maturity Date |
|
Rate |
|
March 31, 2025 |
|
|
September 30, 2024 |
|
Convertible Note |
|
Jun-30 |
|
0.00% |
|
$ |
634,553 |
|
|
$ |
— |
|
Coinbase Line of Credit |
|
Not specified |
|
8.50% |
|
|
— |
|
|
|
50,000 |
|
Western Alliance Bank Credit Agreement |
|
Aug-29 |
|
7.32% |
|
|
6,448 |
|
|
|
6,839 |
|
Trinity Master Equipment Financing Arrangement |
|
Apr-25 |
|
13.80% |
|
|
1,602 |
|
|
|
5,171 |
|
Mortgage - Corporate Facility |
|
Apr-25 |
|
10.00% |
|
|
1,997 |
|
|
|
1,981 |
|
Marquee Funding Partners |
|
Aug-26 to Mar-27 |
|
13.00% |
|
|
1,015 |
|
|
|
1,267 |
|
Auto & Equipment Loans and Financing |
|
Jun-26 to Dec-29 |
|
0.0-11.3% |
|
|
1,545 |
|
|
|
699 |
|
Total Loans Outstanding |
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|
|
|
|
$ |
647,160 |
|
|
$ |
65,957 |
|
Less: current portion of long-term loans |
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|
|
|
|
|
(5,420 |
) |
|
|
(58,781 |
) |
Loans payable, net of current portion, debt discount and debt issuance costs |
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|
|
|
|
$ |
641,740 |
|
|
$ |
7,176 |
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