Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.20.1
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following as of December 31, 2019 and 2018 (in thousands): 

 

    December 31, 2019   December 31, 2018
Miners   $ 5,010     $ —    
Leasehold improvements     38       —    
Office and computer equipment     103       93  
Total cost of property and equipment     5,151       93  
Less accumulated depreciation     (100 )     (67 )
Property and equipment, net   $ 5,051     $ 26  
Schedule of Impairment Charges

The breakdown of the impairment charges recorded for the year ended December 31, 2018 are as follows (in thousands):

 

    December 31, 2018
Prive miners   $ 17,691  
BMSS miners     6,702  
Kairos miners     3,026  
Leasehold improvements     1,819  
Total impairment charge   $ 29,238