| Schedule of Additional Details to the Statements of Cash Flow |
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Changes in non-cash working capital components: | |
| | |
| | |
| |
| Increase in accounts receivable, net | |
| (1,503 | ) | |
| (545 | ) | |
| (13 | ) |
| Decrease in other current assets | |
| 9,988 | | |
| 2,342 | | |
| 1,104 | |
| Increase in inventories | |
| (4,985 | ) | |
| (475 | ) | |
| (117 | ) |
| Decrease (increase) in deposits | |
| (19 | ) | |
| 5,467 | | |
| 420 | |
| Decrease in accounts payable and accrued expenses | |
| (2,048 | ) | |
| (15,827 | ) | |
| (533 | ) |
| Increase in operating lease liabilities | |
| 813 | | |
| 1,737 | | |
| 1,708 | |
| Decrease in taxes payable | |
| (406 | ) | |
| (178 | ) | |
| 156 | |
| Decrease in other non-current liabilities | |
| (729 | ) | |
| — | | |
| — | |
| | |
| 1,111 | | |
| (7,479 | ) | |
| 2,725 | |
| | |
| | | |
| | | |
| | |
| Significant non-cash transactions: | |
| | | |
| | | |
| | |
| Issuance of common shares, warrants and RSUs in connection with the acquisition of Stronghold | |
| 78,161 | | |
| — | | |
| | |
| Issuance of warrants in connection with debt issuance | |
| 8,610 | | |
| — | | |
| — | |
| Equipment prepayments realized as additions to PPE | |
| 41,045 | | |
| 32,433 | | |
| 7,372 | |
| Addition of ROU assets and related lease liabilities | |
| 3,879 | | |
| 9,928 | | |
| 1,553 | |
| Purchase of PPE financed by short-term credit | |
| 6,402 | | |
| 8,113 | | |
| 1,365 | |
| Issuance of common shares in connection with acquisitions of assets | |
| 33,745 | | |
| — | | |
| 1,354 | |
| Issuance of common shares in connection with acquisition of lease | |
| — | | |
| 3,000 | | |
| — | |
| Computational power revenue and its related service expense | |
| 3,516 | | |
| 1,023 | | |
| — | |
| | |
| | | |
| | | |
| | |
| Depreciation and amortization* | |
| | | |
| | | |
| | |
| Property, plant and equipment, net | |
| 120,929 | | |
| 133,428 | | |
| 82,566 | |
| Finance lease right-of-use assets | |
| 990 | | |
| 1,363 | | |
| 1,609 | |
| Intangible assets, net | |
| 711 | | |
| 633 | | |
| 148 | |
| | |
| 122,630 | | |
| 135,424 | | |
| 84,323 | |
|
| Schedule of Cash and Restricted Cash Reported Consolidated Statements of Cash Flow |
The following table provides a reconciliation of
cash and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated
statements of cash flows:
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Cash | |
| 573,462 | | |
| 59,542 | | |
| 84,038 | |
| Restricted cash | |
| 57,500 | | |
| — | | |
| — | |
| Total cash and restricted cash | |
| 630,962 | | |
| 59,542 | | |
| 84,038 | |
|