Quarterly report pursuant to Section 13 or 15(d)

Long-Term Assets

v3.21.2
Long-Term Assets
 6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Long-Term Assets

Note 9. Long-Term Assets

Deposits:

Deposits consisted of the following as of June 30, 2021:

Deposits on equipment

 

Balance at January 1, 2021

$

33,093

 

Additions

84,986

Reclassification to property and equipment

(40,993

)

Balance at June 30, 2021

77,086

Security deposits

1,775

Deposits at June 30, 2021

$

78,861

During the six months ended June 30, 2021, the Company paid approximately $70.5 million as deposits, primarily for miners, and, as of June 30, 2021, had reclassified $41.1 million to property and equipment in connection with the receipt of 16,603 miners at the Coinmint Facility. See Note 5, “Revenue from Contracts with Customers”.

Security Deposits:

The Company has a security deposit against its ground lease of $1.8 million.

Right of Use Assets:

See Note 11, “Leases”.