Quarterly report pursuant to Section 13 or 15(d)

Long-Term Assets

v3.22.2.2
Long-Term Assets
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Long-Term Assets

Note 10. Long-Term Assets

Deposits:

Deposits consisted of the following as of June 30, 2022:

Deposits on equipment      
Beginning balance at January 1, 2022   $ 261,215  
Additions     192,485  
Reclassification to equipment     (96,348 )
Ending balance     357,352  
Security and other deposits     5,658  
Deposits at June 30, 2022   $ 363,010  

Deposits on Equipment:

During the six months ended June 30, 2022, the Company paid approximately $192.5 million as deposits, primarily for miners, and, as of June 30, 2022, reclassified $96.3 million to property and equipment in connection with the deployment of miners at the Whinstone Facility. See Note 8. “Property and Equipment” to these unaudited Notes to Condensed Consolidated Financial Statements.

Right of Use Assets:

See Note 12. “Leases” to these unaudited Notes to Condensed Consolidated Financial Statements.